dYdX postponed until December 1st to unlock 150 million Tokens
01/26 01:55
DYDX Tokens issued in connection with the Warrants (the “Tokens”) has been extended, including by postponing the initial release date (the “Initial Unlock Date”) to December 1, 2023 for all investors that are a party to the Warrants.
The Amendment mentioned above does not alter the staggered unlock that occurs after the Initial Unlock Date, and therefore, pursuant to the Amendment, relevant Tokens will be released from the transfer restriction as follows:
(i) 30% on December 1, 2023 (the new Initial Unlock Date);
(ii) 40% in equal monthly installments on the first day of each month from January 1, 2024, to June 1, 2024;
(iii) 20% in equal monthly installments on the first day of each month from July 1, 2024, to June 1, 2025; and
(iv) 10% in equal monthly installments on the first day of each month from July 1, 2025, to June 1, 2026.
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