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darenta
6 лет назад

A little bit about tokens lock-up

Some ICOs send tokens to holders until the end of the ICO, while conducting a bounty company. People get tokens almost for free or with a big discount. Then they go to sell them to an EtherDelta exchange at a price cheaper than on the ICO website. Because of this, the price of tokens falls, no one bought them for the price on the site.

To avoid this, tokens lock-up (freezing) are introduced. A lockup is the period until the end of an ICO when no one receives tokens. Tokens buyers and the team will receive tokens only after the ICO.

The lockup function is also present in our PROD tokens.When you buy tokens on the site https://ico.darenta.io you see the number of tokens that belongs to you. However, you can sell or transfer tokens only after the end of the lock-up.

Members of the bounty program on the site http://bounty.darenta.io can also see their tokens, however their output will be available only after the end of the lap period.

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