TGE Update: Supra’s Layer 1 Mainnet and TGE has recently been announced and is just hours away! This marks a significant milestone for the Supra project and our DAO as we secured this VC allocation exactly one year ago (Nov 2023).
More info on TGE and Mainnet launch: https://x.com/SUPRA_Labs/status/1861278927873880412
TGE Date: November 27, 2024 5:00 AM PST / 1 PM UTC
Allocation Amount: $3150
Vesting Terms for Supra: 15% at TGE, 17 month vesting, $0.0020 token price
Project Info: https://supra.com/ https://x.com/SUPRA_Labs
For VC allocations like this, TGE is often the best time to reduce risk on the initial investment while locking in any potential profits (depending on how well TGE goes). The remaining 85% of the allocation will remain vested so we will still have long-term exposure to $SUPRA's performance. If TGE performs well, selling the initial 15% allocation puts us in a great position regardless of how the token does post-TGE.
Vote: What should we do with our 15% of $SUPRA allocation at TGE?