chose option 1 the 6 month period of OTC sales is getting close now… will the team maintain control of the selling or will the full token release happen after 6 months as originally mentioned in the plan?.
I recall Nevin said previously that the team had the option to extend the 6 month period of OTC if they deemed it appropriate..
Hello Peter, that's right - if there would be significant selling demand between the Option 1 unlockers at the time the 6-month period ends, Reserve can prolong the selling restrictions. At this point the team hasn't publicly spoken on whether that will actually apply or not; we might assess that right at the end of the period (not sure).
Thanks for the update, appreciate you responding.. be nice to know the plans if the team deem it appropriate.. I’m hearing a lot about the 14th July being an un lock date but can’t find this anywhere I’m looking so assume it’s attribute to the option 1 6 month unlock thing
I personally don't know about this date (which means that it's unlikely to be true). The only upcoming fixed date for an unlocking is mainnet launch date (when Option 2 starts). Let me bring this up during our next meeting and see where we are with that. Either way, we'll of course announce publicly whether the restrictions need to be prolonged or not.
Thank you appreciate your time this morning.. I think it’s people putting 2+2 together as it’s 6 months after the option 1 OTC release started.. if it was an actual official date for release I’m sure you’d know about it! Have a great Sunday
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