Hello, it is possible here to ask some questions about

the reasons of the change of the vesting before mainnet? without being considered a fudder I mean

Absolutely, Ricky! Do you have any particular questions, or are you looking for a general explanation?

1. Which were the reasons for change the vesting and distribute tokens (without utility) before mainnet? The explanation was “community expressed concerns about the particular unlocking schedule” but it doesn´t make sense, about 30 billions of coins are going to be unlocked in July and it is going to be much worse than original vesting 2. @nnevvinn has said in several interviews that seed investors and team are here for the long term… how does this fit in with 500 million of coins being added every week? If you do the maths, with the limit selling of 3% of volume, seed investors and TEAM are selling more than 90% they are allowed to sell.

Last part I don't think is true.

The reason for giving the new unlocking option to locked RSR holders is indeed because the community has expressed concerns about the old unlocking schedule. The main concern was that a lot of tokens would immediately get unlocked an given into the hands of the locked RSR holders, which creates a kind of competition between those that consider selling (those that wanted to sell had an incentive to sell as soon as possible in order to frontrun other sellers). The new unlocking schedule is way better, as it applies heavy selling restrictions (selling demand first gets matched with OTC buying demand, and only if there's more selling demand than buying demand do tokens get sold on exchanges - but only at a maximum of 3% of the real daily trading volume). This allows RSR to be unlocked with much less impact to the price of RSR compared to the initial schedule. Keep in mind that it is not necessarily true that a lot of tokens instantly would get unlocked in July. If there is still selling demand in July, Reserve will prolong the selling restrictions for as long as is necessary.

is it not true that about 500 millions of coins are being unlocked every week?

The locked RSR holders are definitely not selling 90% of what they're allowed to sell. Far less - the vast majority is deciding to hold on to their tokens. What is the source for this claim?

which is the average real daily volume? From that figure I can do the calculations here

I don't know, but I'm sure you'll find that on CoinMarketCap. If you didn't know the real daily trading volume to begin with, how did you get to 90%?

I did with the numbers I find in coinmarketcap and coingecko, but I would like to know the volume the team is considering as real

It's actually the OTC desk that processes the OTC orders that deals with this part, so Reserve won't be able to give you an answer. My best guess is they look at the real daily trading volume on the most liquid exchanges and only use those.

these numbers don´t fit with that statement at all

I'm here still trying to figure out how I can see the historic daily volume of a token, but I'm not figuring it out :D

Option1 “After six months, the RSR holders who choose to go for this option will then directly receive all tokens they did not decide to sell.” it is true that a lot of tokens would get unlocked in july!!!!!!!! One more thing….Option1 is based on the estimated Main-net schedule by Nevvin(April 30, released video in Jan.). Now he says “it is estimated, not fixed” I think that Option1 schedule should be changed, because of that “estimated” schedule by your Team. You shuld stop that direct releasing plan before mainnet lauch, because that “six month” is actually based on assuming mainnet finish in six month.

Can you define “real daily trading volume” since it’s gona be hard to prove such thing unless reserve wil actualy show there liquidity provider bills and what volumes they are buying, and It would be a first if any listed coin on binance will show that bill

The current price shows us that your “OTC unlocking Plan” did allow too much impact the price of RSR already. Please don’t say again your unlocking schedule applies heavy selling restrictions. It is not true anymore and anytime before.

I know the market is red, and also i know RSR is TTTOP RANKING “RED” token in coinmarketcap.

I've woken up and quickly checked Telegram. I'll respond quickly, but then go back to sleep. Please remember that this is not an RSR price discussion, I will delete any of your messages referring to price. For this particular message, I believe you are making causality and correlation. You're saying that it is because the unlocking of RSR (with these heavy selling restrictions) that the price of RSR is what it is, while I am arguing that it follows the general market trend. During March to April, the price if RSR went from 0.011 to 0.022 while the unlocking was going on, and while the general market had a bump upwards - that doesn't happen if your claim would be entirely true. So the point of the selling restrictions does indeed stand. Feel free to decide whether you think that's true or not. From now on, please have any price discussions in unofficial channels such as @reservelodge.

Yes, per default all non-unlocked tokens of Option 1 will be unlocked at once at the end of the unlocking period (July). However, all Option 1 participants signed a contract that says that the selling restrictions can be prolonged indefinitely if there would still be selling pressure at that point. So simply said - if there is selling pressure in July, there will not be a large direct unlocking of tokens. Rather, the selling restrictions will continue to run as they do now. The Option 1 unlocking is not related to mainnet launch. The condition for us being able to convince locked RSR holders to take on these heavy selling restrictions is to throw them a bone. You can't just keep their current contract and then ask them to add some restrictions on top - people might not go for that, they'd feel like you're just putting them back a step. That bone is earlier liquidity for those who do want to sell, and the promise of a lower impact to the price of RSR for all Option 1 participants (the current method gets rid of any Prisoner Dillema-like competition between locked RSR holders). We couldn't change the unlocking now even if we wanted to. It would require another contractual addendum that the locked RSR holders would need to agree on (which means another bone to throw 😁).

That would be a reasonable summary @jos_crypto (+10 karma points for using search!!) I've linked back to a previous answer about how the unlocking occurs. It's worth noting that unlocking is not the same as selling, but while there is selling demand, it's handled by OTC + 3% of the daily trading volume, a restriction that can last as long as needed. After that, any moves from the slow wallet are flagged far in advance, and likely to be used in small quantities over many years for adoption goals - e.g. initiatives that can further the protocol's reach.

"selling demand first gets matched with OTC buying demand". If users want to buy RSR on OTC Desk, which exchange is selling that huge amount of RSRs on OTC Desk? There is no open infomation how to buy RSR on OTC Desk.

In an OTC transaction, there is no need for an exchange I believe. Someone simply has an OTC sell order & a buy order and they get matched.

Hello Sinatra I have a question about unlokcing schedule. As per my understanding, option 1 was suggested to avoid 10% unlocking on the mainnet day with an expectation that mainnet would be lunched before July. Anyhow July is coming in a few days and RSR circulation amount will be more than doubled. I expect there will be huge shock in the mareket and temporary impact would be worse than if option 2 had been maintained. Smeddy gave a kind answer but I need more precise information. Is there any discussion about this matter in R team? or about 28% amount will be unlocked as per option 1 schedule? (I'm sorry if I missed previous discussion.)

Hello Ryan - the ~28b of RSR that would be unlocked via Option 1 has already been unlocking since January, but with selling restrictions in place to limit the impact on the price of RSR. By default, all unlocked tokens that are not sold at the end of July will be sent to the holders' wallets, but that is more an administrative thing than anything else. It is not an unlocking, since the tokens are already unlocked, and the holders can already sell them. Makes sense?

Thank you for your answer. I might use wrong term. My concern is not where the volume is stored but how many tokens are actually in circulation. I have two more questions. Once the tokens will be sent to their wallets, those will not be restricted by OTC right? And the date is 1st of July or the end of July?

Indeed, they will simply get liquid RSR. This shift in custody will happen at the end of July.

Does the circulating supply on the website account for the option 1 tokens that have been sold through the OTC already? So the circ supply is currently ~18.5bn. Are the tokens that have been sold since january included in that?

The current circulating supply includes the 13.2b that were already unlocked before Option 1 started + all tokens that were effectively sold via the OTC desk. So in reality more tokens are already unlocked, but they are not counted as part of the circulating supply yet.