Team token unlock postponed for 12 months
We’re postponing the start of the token vesting period for our team for another 12 months.
We’re deeply committed to making Public Mint successful not just in the next year or two, but for many more to come. That’s why we’re postponing the start of the team tokens vesting for another 12 months.
This way, our community and future supporters can rest easy knowing that no MINT sell pressure will come from our side.
It’s been a year since our IDO, and the 12-month vesting period for seed and pre-sale tokens is now complete.
As the last of these tokens are claimed, some in our community have expressed their concern that the upcoming start of the vesting period for 25 million tokens earmarked for the Public Mint team would create a negative sell pressure for MINT.
This vesting was due to start this week, and the team tokens would be gradually unlocked for the next 12 months.
This concern, coupled with an unfortunate general downtrend in the crypto market in the previous months, has led us to reassess our schedule — and the message we’re sending with our actions.
Long term goals
That’s why, to signal our utmost commitment to the project, we’re postponing the beginning of the vesting period for the team vault for another 12 months.
This means that no tokens from the team vault will be released until at least February of 2023 — when the 12-month vesting schedule will start for the team tokens.
With this decision, the team fully commits on delivering even more value throughout another year. You can expect great things to come!
Let us #BUIDL together!
About Public Mint
Public Mint is an open and complete blockchain platform for fiat money, where funds are fully collateralized and held on deposit with regulated, FDIC-insured institutions. Public Mint offers an open, fiat-native blockchain and APIs, ready for anyone to build fiat-based applications and accept credit cards, ACH, wire transfers, stablecoins and more. On top of that, the Public Mint EARN platform offers users automated and diversified returns on USD assets, leveraging the power of blockchain and DeFi.