🔒Vesting
Last updated
Last updated
Reform has implemented lock-ups and vesting schedules for its team, advisors, and operations tokens to align with the belief in the long-term viability of cryptocurrency and the overall ecosystem.
The token lock-up and vesting schedule is as followed:
Bonding Treasury
All $RFRM in the Bonding Treasury remains subject to lock-up periods when swapped for $ETH, $USDC, or $USDT. These lock-up durations range from one to five years, after which the $RFRM will be unlocked.
Staking Treasury tokens aren't counted as circulating supply. Instead, 0.05% of its total is released daily after 1 year vesting, distributed among Single Side Staking (SSS) and Liquidity Pool Staking (LPS). Its supply decreases logarithmically, initially providing higher token amounts with lower value, gradually shifting to fewer tokens with greater value over time.
Team & Advisor tokens will not cause inflation during the first year since tokens will be applicable to a cliff period. Afterward, they will gradually enter circulation on a monthly basis. By the end of 36 months, all Team & Advisor tokens will circulate, exclusively dedicated to promoting the growth of the ecosystem.
As operations commence from the day of inception, distribution will also begin immediately. The total amount designated for the Operations Treasury will be vested over a 60-month period.
Tokens designated for Early Backers will be subject to a 10-month daily vesting schedule.
All tokens designated for Market Making will not be subject to vesting. These tokens will be treated as circulating supply, as they will be utilized to provide liquidity to centralized exchanges.
All tokens from Launch Incentives will be subject to a 10 months vesting period. This timeframe is pertinent as these tokens are used for purposes such as Launchpads, Launch Incentives, and Exchange listings. The allocation of tokens will align with these specified objectives.
The tokens designated for the Liquidity Pool will be considered part of the circulating supply from the moment of inception, as they play a crucial role in establishing the initial market price and providing liquidity for trading.
