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IAO 007 Token Claim Structure

Voting ended over 4 years agoSucceeded

Option 1: No Change

The structure of IAO 007 will be the same as the previous IAO. All owed tokens will be claimable immediately after completion of the IAO. The IAO would last for 1 hour.

Option 2: Vested IAO Tokens & Increased Duration

The structure of IAO 007 will be different from previous IAOs in two ways. First, the length of the IAO would be 12 hours instead of 1. Second, the IAO tokens to be claimed would be vested over at least 3 months

In regards to timing, the change is very straightforward, the IAO participation time would expand from 1 hour to 12 hours.

In regards to vesting, it would work as follows:

  • 25% of tokens would be released to IAO participants immediately.
  • 25% of tokens would be released each month subsequently after that for 3 months. Specifically 25% 1 month after, 25% 2 months after, and 25% 3 months after.
  • Any overflow tokens (e.g., excess GNANA or BNB) would be immediately claimable by users.

Off-Chain Vote

No Change
1.86K 1.2%
Vested IAO Tokens & Increased Du
155.66K 98.8%
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Timeline

Jul 15, 2021Proposal created
Jul 17, 2021Proposal vote started
Jul 21, 2021Proposal vote ended
Oct 26, 2023Proposal updated