Locked FTT tokens will automatically unlock into FTT according to the following schedules:
|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).