Nebulas Team Asset Reserve Announcement
Time flies and I have not realized that Nebulas was founded two years ago! During these past two years, Nebulas has focused on complex data interactions, collaborative relations and has always been committed to the vision of creating a system where everyone can benefit from decentralized collaboration through blockchain technology. As a public blockchain project, we have never forgotten our initial intention and are working hard towards the creation of the Autonomous Metanet!
Thanks to the support and dedication of the Nebulas team over the past two years, we are inching closer to our vision and as per the Nebulas Whitepaper (published 2017) as well as the Asset Release Revision (published 2018), the asset release for team members is as follows:
Of the 20 million NAS (20% of the total supply) team reserve to be gradually released, the amount available for immediate release currently stands at 8,434,422.23 NAS.
This first portion of the team reserve for the Nebulas founding and development team will be released on July 7, 2019. As per an announcement in 2018, the Nebulas founding team has chosen to extend their lock period from 3 years to 10 years and their portion of this reserve will continue to be released gradually over a 10 year period. The rest of the team’s reserved NAS will still be released gradually over a 3 year period. The team’s reserved assets will continue to be managed and supervised by the Nebulas Foundation.
In alignment with the asset release plan, the Nebulas Foundation will issue financial reports on a regular basis to disclose the use of assets and fully accept community supervision.
More details: nebulas.io/transparency
July 6, 2019