Vesting period
Last updated
Last updated
Introduction to the concept of vesting
Vesting, or the gradual allocation of tokens, is a common practice in cryptocurrency. It aims to align the long-term interests of participants with the health and growth of the project. Within the BANGK ecosystem, vesting is seen as a key strategy for ensuring the strategic distribution of tokens and contributing to the stability and sustainability of the project.
Vesting ensures the commitment of founders, team members, investors and advisers by allocating tokens to them over a predetermined period. This approach discourages the immediate mass selling of tokens, reducing market volatility and providing more stable and predictable growth in token value. It also ensures that the team's interests are aligned with the long-term success of BANGK, encouraging ongoing contributions to the development and innovation of the project.
The vesting schedule is a carefully considered element of the BANGK Coin tokenomy. Its objectives are strategic: to promote the fair distribution of tokens, protect against market volatility and encourage the sustainable growth of the token for all its holders.
The first release of tokens to investors will take place two weeks after listing, in order to minimise selling pressure and support the growth in token value during the initial trading period.
Vesting for ICO investors:
Private sale investors will have a vesting period of 41 weeks (approximately 9 months). This approach ensures that early backers are rewarded with a lower token price and are driven by a long-term commitment to the success of the project.
Public sale investors will have a vesting period ranging from 15 - 41 weeks (approximately 3 - 9 months), which will progressively decrease depending on the timing of the purchase. The phased token release schedule is designed to maintain a steady inflow of BANGK Coins to the market.
Last call investors, who purchase BANGK Coins at the listing price, will not have a vesting period, providing immediate liquidity for these last call investors.
Vesting for the team and founders:
For the team and the founders, the vesting period has been set at 157 weeks (around 36 months) with the first release starting 52 weeks (around 12 months) after listing. This extended release schedule is a strong vote of confidence. It demonstrates the team's dedication to the future of BANGK and its long-term commitment. It ensures that the team remains focused on achieving the project's milestones and growth objectives.
Partners and advisers are subject to a vesting period of 52 weeks (approximately 12 months). The release of tokens will commence 26 weeks post listing or post agreement. This timetable reflects BANGK's desire to work with individuals and entities who share its confidence in BANGK's potential. These vesting conditions may be adjusted slightly depending on specific contributions and the evolving context of the partnerships, to ensure flexibility and mutual benefit.
This vesting plan highlights BANGK's determination to make the project a success and its confidence in the value that BANGK will deliver over time. By aligning the motivations of all stakeholders, BANGK seeks to create a strong and thriving ecosystem focused on sustainable growth.
The vesting strategy adopted by BANGK is essential to strengthen the confidence of its investors and encourage the adoption of its token. The benefits are manifold:
Market stability: By ensuring a gradual and controlled entry of new tokens onto the market, BANGK allays fears of hasty sales and prevents volatility peaks.
Project longevity: By releasing tokens gradually, BANGK affirms its long-term commitment to the success of the project.
Alignment of interests: Multi-level vesting ensures that founders, team members, partners and advisors remain committed over an extended period, aligning their efforts with the achievement of BANGK's milestones and objectives.
Community trust: The structure of the vesting process demonstrates BANGK's commitment to responsible governance and equitable growth.
Usefulness and value: By valuing the potential of its tokens, BANGK encourages people to hold and use them over the long term. Over time, this strategy will also encourage innovation and attract new partnerships, enriching the BANGK ecosystem.
In short, BANGK's carefully structured vesting plan reflects its commitment to promoting a healthy, sustainable and equitable ecosystem. It aims to align everyone's interests and ensure that the community is secure and enriched, while ensuring the project's sustainability and success.
Stabilising the token's value over the long term
The staggered release of BANGK Coin will allow the market to integrate the new tokens gradually, thereby avoiding excessive price fluctuations.
BANGK does this to reward ICO participants for their support by maximising the value that the token can achieve over the long term.
Preventing market dumping
By introducing its token to the market in a measured and gradual way, BANGK minimises the risk of sharp price fluctuations after listing.
In particular, it avoids mass sales in which a large quantity of tokens is sold in one go, causing a sharp fall in their value.
Distribute tokens fairly
By allocating tokens over a staggered period, vesting prevents an entity from accumulating an excessive share of the supply from the outset.
BANGK is keen to promote a democratic distribution of its token to give everyone a fair chance to contribute and benefit from the success of the project.
Creating a deep commitment to the project
The unvesting schedule encourages a long-term investment perspective.
It aligns the interests of token holders with the continued growth and success of BANGK, encouraging deeper engagement with the project.
Strengthening investor confidence
The vesting period is 3 years for the founders and the team. An extended release schedule that testifies to their long-term commitment.
It demonstrates their confidence in BANGK's potential, and aims to reassure investors of their commitment to achieving the objectives.
Stability and transparency
BANGK opts for total transparency on its vesting plan, convinced of the stability of the ecosystem and the inherent value of tokens.
It offers investors a clear, no-surprise view of the release of their tokens.
Investors will be able to follow the unvesting of their BANGK Coins in detail directly in the BANGK application or on the ICO dashboard
A comprehensive, personalised unvesting calendar will enable everyone to find out when their tokens will be released and how many tokens will be released at each period..
Investors will be able to decide whether to keep their tokens acquired within the BANGK ecosystem to benefit from DeFi functionalities or to transfer them to an external wallet of their choice.
BANGK undertakes to communicate regularly to inform its community about unvesting stages and new functionalities linked to the management of tokens on the BANGK platform.