Dear Community,
As part of our commitment to ensuring the sustainable growth of the SUPR token, we have implemented a carefully designed, linear vesting schedule for FKX token holders who have swapped their tokens for SUPR.
This linear vesting approach is intended to prevent large-scale sell-offs (and minimize market volatility, thereby protecting the long-term value of SUPR for the benefit of all SUPR holders.
By gradually releasing tokens over a set period, we aim to align the interests of all stakeholders with the project’s long-term success and foster a stable and thriving SUPR ecosystem.
Our Approach to Vesting FKX-Swapped SUPR Tokens
We have carefully designed a linear vesting schedule for former FKX token holders that balances the interests of all stakeholders while promoting the long-term stability of the SUPR token. The primary objective is to prevent a significant initial sell-off, which could negatively impact the future price discovery of SUPR tokens.
Vesting Schedule Details
Cliff Period: A 7-day cliff period will commence from the Token Generation Event (TGE), during which no tokens can be traded.
Vesting Period: After the cliff period, tokens will vest monthly over a 6-month period in a linear fashion, meaning equal portions of your tokens will unlock each month.
Example Scenario:
Suppose you hold 100,000 SUPR tokens that were swapped from FKX. The Token Generation Event (TGE) is scheduled for September 30, 2024. After a 7-day cliff period, your tokens will start to unlock on October 7, 2024. On this date, 16.66% of your total SUPR tokens (approximately 16,666 tokens) will be available for trading. Following this, an additional 16.66% of your tokens will unlock every 30 days for the next 5 months, allowing you gradual access to your full 100,000 tokens by the end of the vesting period.
What Are Vesting Tokens?
Vesting tokens are a mechanism that distributes tokens over a predetermined schedule instead of releasing them all at once. This approach ensures a gradual and predictable release to team members, advisors, and early investors, aligning everyone’s interests with the long-term success of the project.
Why Vesting Tokens?
Protecting Current Investors: By gradually releasing tokens in a linear fashion, we prevent sudden large sell-offs that could negatively impact the token’s market price. This stability is essential for maintaining investor confidence and protecting the value of their holdings.
Reduces Volatility: Vesting schedules help mitigate extreme price fluctuations, ensuring a more predictable and stable market. This stability is attractive to both current and potential investors.
Incentivizing Long-Term Commitment: Vesting tokens align the interests of the team, advisors, and investors with the project’s long-term goals. Everyone is motivated to work towards sustained growth rather than short-term gains.
Building Trust with Future Investors: A well-structured vesting schedule showcases our commitment to the project’s long-term success, instilling confidence in future investors. They can trust that the project is built on a foundation of stability and strategic planning. Future investors are more likely to invest in a project with a clear plan for sustainable growth and a commitment from all stakeholders. This approach attracts serious investors who seek long-term value.
Conclusion
Vesting tokens are a fundamental part of our strategy to protect current investors, encourage long-term commitment, and build trust with future investors. We believe this approach is essential for the sustainable growth and success of our project.
Thank you for your continued support and trust in our SuperDapp vision. Together, we are building a robust and resilient ecosystem poised for long-term success.
