GS Token Vesting Adjusted πŸ“Š

Dear community members,

This quarter has been quite a ride for GS. Our team is in full #BUIDL mode β€” we’ve been working non-stop pushing out key product updates and partnerships.

As we come close to the next quarter, we would like to inform our community regarding adjustments being made to the GS tokenomics. These changes have been made keeping in mind the best interests for the project and our community.

The vesting schedule is now more spread out for our early investors, as well as the team and advisors. The schedule has been extended to 24 months from the existing 6–11 month vesting for seed, strategic and private investors. Also, advisor and team unlocks are extended to 36 months from the 17 and 18 months earlier, respectively.

πŸ“Œ Seed round investors, who were supposed to receive 10% tokens per month starting in June, will now receive only 3.64% tokens every month for the next 22 months.

πŸ“Œ Strategic round investors will receive only 3.18% tokens of their total remaining tokens every month for the next 22 months, instead of 15% per month before this

πŸ“Œ Private round investors, who were supposed to receive 20% tokens per month starting in June, will now receive only 2.73% tokens every month for the next 22 months.

πŸ“Œ Advisors will receive only 2.76% vesting per month over the next 34 months versus 6%-7% monthly earlier

πŸ“Œ The team tokens would have 2.94% vesting per month over the next 34 months versus 6%-7% monthly earlier

This will without a doubt be the best step forward for the project and will help maintain long term sustainability for it. We hope you keep supporting GS β€” we have every intention of becoming the numero uno PreIDO player in the space and have some big plans in the days ahead.

Regards,

Team GenShards

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Transforming NFTs into a liquidity vehicle for Pre-IDO tokens and a whole new suite of DeFi products across multiple blockchains.

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Transforming NFTs into a liquidity vehicle for Pre-IDO tokens and a whole new suite of DeFi products across multiple blockchains.

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