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New OrderNew Orderby0xe6230aaED56ec616DD8f4c013a4F1d369C51317A0xe623…317A

Proposal: Double Vesting Periods and Add Cliffs

Voting ended about 4 years agoSucceeded

This is a proposal to align the New Order community, team and investors for the long term success of the project and the $NEWO token. Currently, core team tokens are vesting on a daily basis over 2 years and private sale investors & advisors tokens are vesting on a daily basis over 1 year.

As demonstrated by community discussions in Discord, the community has serious concerns over vested contracts (primarily private sale investors & advisors) that have been selling off $NEWO. As such, we propose to extend vesting for:

  • All private sale investors & advisors to 2 years on a daily basis with a 6 month cliff effective immediately.

  • Core team members to 4 years on a daily basis with a 1 year cliff effective immediately.

If this proposal is accepted, the vesting schedule for private sale investors, advisors and core team cannot be subject to community vote again.

Off-Chain Vote

For
54.33K 99.5%
Against
300 0.5%
Abstain
0 0%
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Timeline

Jan 14, 2022Proposal created
Jan 14, 2022Proposal vote started
Jan 15, 2022Proposal vote ended
Oct 26, 2023Proposal updated