QuarkChain Embarks Buyback $25 Million Program With Extend Lockup Period for 1 Billion QKC
Dear QuarkChain Community Members,
Thank you for your trust and companion to QuarkChain in the past years. QuarkChain Mainnet has recently opened the transaction function. The whole project is progressing smoothly and the team is consistently working on building more innovative features.
To show the long-term faith of the project and enhance the confidence of the community, QuarkChain team and foundation decided to launch an up to $25 million USD equivalent QKC buyback program. Meanwhile, we will postpone the unlock time of 1 billion QKC (belong to the team and the foundation) until June 2020. The details of this plan are given as follows:
I: $25 Million USD Equivalent QKC Buyback Program
From the announcement date, QuarkChain will buy back at least $1 million QKC from the secondary market in the coming week. Depending on the condition of the future market, up to $25 million equivalent QKC will be bought back within the next year for the purpose of ecosystem and community building.
II: 1 Billion QKC Extended Lockup
The team and the foundation will postpone the unlock period for 1 billion QKC until June 2020. The locked addresses are given in the following for the supervision of community members:
Again, thanks for all your support.
QKC listed on Bithumb on Aug 7th, and we have “35 Million Airdrop Event” in order to celebrate new listing. This event will hold for 3 days only! Open account on Bithumb and deposit erc20 to Bithumb. You can share huge QKC rewards. For more details, please check: https://cafe.bithumb.com/view/board-contents/1640197