Ferrum Team Extends Team Token Vesting by Two More Years.
01 Nov 2022, 14:14
📣Ferrum Team Extends Team Token Vesting by Two More Years
💥Ferrum is in the process of revamping their tokenomics to support the development of its mainnet and the next stage of growth. The Ferrum team once again demonstrates they are here for the long term and strongly believe in the future of Ferrum!
🤔Originally, Team tokens had a 1 year cliff and 3 year vesting. In August 2020, Ferrum decided to extend the lockup to 3 years and increase the vesting from 24 to 36 months. Team's tokens would've been fully vested by August of 2025!
🤯This time Ferrum has agreed to lock the Team tokens for an additional 12 months and extend the vesting period from 36 to 48 months! Vesting on Team tokens will not begin until August 2023 and will not fully vest until August of 2027!
👉The extra 2 years that Ferrum has added to the vesting for their own tokens is a testament to the efficiency in which Ferrum operates. With 2 years of runway, there is simply no need for Ferrum to touch, not only the Team tokens, but any tokens in the Treasury for that matter 🔥
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