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Team announces extension of vesting schedule

Vesting schedule delayed and halved with 500M tokens locked

Vesting schedule extended

The team, advisors and investors have unanimously agreed to extend the vesting schedule and to slow down the rate of vesting. For total transparency, we are sharing both the original schedule and the revised ones below along with the link to the 500M locked tokens.

The extension is being done to show the public and community our commitment to the project. It was recognised that the platform transition from the Tron network to the Ethereum Layer 2 Polygon network has led to many delays in users having access to the platform. The team, advisors and investors all felt that extending the vesting terms would demonstrate our ongoing commitment to the project and community.

The original schedule

30th of August, 2020. 16.67% of WINR Tokens, PAID
30th of November, 2020. 16.67% of WINR Tokens, PAID
28th of February, 2021. 16.67% of WINR Tokens, PAID
30th of May, 2021. 16.67% of WINR Tokens
30th of August, 2021. 16.67% of WINR Tokens
30th of November, 2021. 16.67% of WINR Tokens

The revised schedule

500M tokens have been locked with a delay in vesting for the revised vesting period for all team, advisors and investors.

The delayed vesting schedule will restart as follows for the remaining periods (please also note that the earn-out percentage was revised from 16.67% down to 8.335% per vesting period):

30th of November, 2021. 8.335% of WINR Tokens
28th of February, 2022. 8.335% of WINR Tokens
30th of May, 2022. 8.335% of WINR Tokens
30th of August, 2022. 8.335% of WINR Tokens
30th of November, 2022. 8.335% of WINR Tokens
28th of February, 2023. 8.335% of WINR Tokens

This represents more than a 1 year extension in the vesting schedule.

For full transparency, you can see the 500M locked team tokens here.

Whats coming next?

We will be continuing to share progress on our development roadmap, announcing more news on our NFT throne cards, and will be announcing the updates to our tokenomics model (minting formula). So stay tuned as we continue to share the latest news and updates…

About JustBet

JustBet is the first-ever fully decentralized gaming platform built and fully running on smart contracts. It is a fully autonomous platform that operates a self-running house to cover gaming wins/losses and pays out 80% of all profits to users who stake the JustBet native WINR tokens. JustBet is expanding its development efforts by running on the Polygon Network to increase the efficiency, speed, and gaming experience for its users. Our partners include Bitmart, Polygon, BXTB (investors), and TokenSuite (marketing). More partner announcements will be coming soon!

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JustBet

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