Extended Team Token Vesting
The DIA core team has taken action to demonstrate our long term commitment even further by extending our vesting schedule by 29 months. Here are the details.
As a team our belief in decentralised markets and a democratic access to crucial resources like data and information has fuelled our journey through countless sleep-deprived nights and days of increased pulse rates and continues to do so. While we have been working on DIA for the past 4 years, building throughout dire markets and adverse conditions on the conviction that we are creating something innovative and valuable, teams do not live off of motivation alone, so as part of our tokenomics, we have dedicated a share of 12% of total initial supply to A) reward the team for its hard work and B) align the interests of the project with the interests of the team.
We want to firmly address any speculation on the unlocking of team tokens and the associated perceived risk of an increased sell pressure, adversely affecting the price. We are true believers in our mission and are in this game for the long haul and want to demonstrate this clearly to the community. This is why we have decided to extend our vesting schedule.
Team Token Vesting Extends by 29 Months
The release schedule of the team tokens was initially planned to begin after 7 months post bonding curve start, i.e. March 2021 and set to a linear, weekly release schedule over 13 weeks, following years of buidling. The new team token vesting schedule will be extended by a total 29 months. Tokens will be released on a monthly basis, following a linear schedule. This effectively extends total vesting of the tokens to a six year schedule from the founding of the DIA association.