FTT Unlock Schedules

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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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