Token Unlocking Clause Samples

Token Unlocking. Tokens will “unlock” over time at an approximate rate per month of 1/24th of an Investor’s total amount of Tokens purchased through a DDA. Unlocking will start upon the Token Distribution Event, and time for these purposes will be measured in blocks completed since the Token Distribution Event, with 1/24th of the Tokens unlocking immediately upon the Token Distribution Event. An additional 1/24th of the Tokens will be unlocked with each 4,320 new blockchain blocks that are completed, which is anticipated to occur each month, but this rate will fluctuate. Based on this vesting methodology, it is anticipated that the Tokens will fully unlock at the end of approximately two years, defined as 105,120 blocks completed since the genesis block, although this is not guaranteed. Yes. An investment in a DDA involves a significant amount of risk and is suitable only for sophisticated investors of substantial means who have no immediate need for liquidity in the amount invested. An investment in a DDA may result in a loss of all or part of your investment.