Token Vesting Strategy - Cliff Extension

Building for the Future: Key Updates to bitsCrunch’s Token Vesting Strategy

At bitsCrunch, we’re deeply focused on the future and the long-term success of our network. To ensure we continue building a sustainable and resilient ecosystem, we’ve made some strategic updates to our token vesting schedule. These changes reflect our dedication to strengthening the foundation of bitsCrunch for the years ahead.

Extended Cliff Period for Team Token Unlocks

In a strategic move, we’ve decided to extend the cliff period for team token unlocks by an additional four months. Initially scheduled to begin in October 2024, the new cliff date will now be February 2025. This decision isn’t simply about delaying unlocks—it’s about ensuring the right market conditions and momentum to drive future growth. By pushing the cliff, we’re giving bitsCrunch the additional time it needs to solidify its foundation and prepare for sustainable scaling.

Vesting Period: Steadfast Commitment to Long-Term Value

Even with the extended cliff, the overall vesting period remains unchanged at four years. This ensures a balanced and responsible release of tokens over time. The gradual vesting mechanism reinforces our commitment to the long-term health of the network and aligns our team’s incentives with the community’s interests. We’re not just focused on the short term—we’re here for the long haul, and we’re building bitsCrunch to last.

Vesting Highlights

• Cliff Period Extension: Team unlocks now start in February 2025, instead of October 2024, to ensure market readiness and network stability.
• Gradual Vesting: Tokens will unlock gradually over a four-year period, promoting steady growth and long-term alignment.
• Fully Vested: By the end of the vesting schedule, all team tokens will be fully unlocked, enabling our contributors and team to continue driving the network forward.

These updates reflect a fundamental principle that guides everything we do at bitsCrunch: we’re committed to sustainable growth and lasting value. By strategically managing our token unlocks, we’re ensuring that the network has the stability and resilience needed to succeed in an ever-evolving market.

As we continue building, we want to thank our community, partners, and stakeholders for your unwavering support. Your trust in our long-term vision fuels our commitment to innovation and growth.

Stay connected for more updates as we move forward on this exciting journey. The future of bitsCrunch is brighter than ever, and we’re glad to have you with us.