Locked FTT tokens will automatically unlock into FTT according to the following schedules:
Ticker | Name | Start* | End* |
FTT_R1 | FTT Round 1 Token | July 29, 2019 | October 29, 2019 |
FTT_R2 | FTT Round 2 Token | July 29, 2019 | September 13, 2019 |
FTT_R3 | FTT Round 3 Token | July 29, 2019 | August 29, 2019 |
FTT_TT | FTT Team Token | May 1, 2019 | May 1, 2022 |
*For each date in the above table, the precise start or end time is 23:59:59 Antigua time on that date, 3:59:59 AM UTC on the next date.
Unlocking for each coin will take place linearly over the Start to End window, taking place once per day.
About three fifths of non-company tokens are unsold--roughly 105mm FTT. Of these:
5% -- Backstop Liquidity Fund
Funds set aside in case that a clawback would occur.
5% -- Safety Fund
Funds set aside in case there are platform losses.
20% -- FTT Liquidity Fund
Funds used to provide liquidity in FTT markets.
20% -- Team Tokens
Tokens given to project employees.
5% -- Adviser Tokens
Tokens given to advisers of FTX.
25% -- Company Tokens
Funds locked up over a 3-year period, like the rest of the company tokens.
10% -- Ecosystem Fund
Funds used to grow the FTX ecosystem.
10% -- User Acquisition Fund
Funds used to help grow the userbase and volume on FTX.
Company tokens unlock over a 3 year period. FTX does not plan to sell any company tokens below the listing price for at least the first 3 months after listing (and likely after that as well).
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