AirDAO: The 1.5 billion tokens sent to DWF Labs are only the funds needed for its market making, and will be returned in full after 36 months

CoinVoice · 2023-10-04T13:53:03.000Z

CoinVoice has recently learned that on October 4, AirDAO Council Chairman Grimmers stated in the official community that 1.5 billion tokens were provided to DWF Labs on the first day it announced its investment, which will be used in CEX and future DEX. There is no lock-up period as DWF Labs needs the tokens to fulfill its commitments at the time of investment. After 36 months, the loan will be paid back to AirDAO in the same manner as the last transaction. As for the US$7.5 million invested by DWF Labs, the tokens purchased at a small discount will have a 12-month lock-up period. DWF Labs will receive 1/3 of these token shares at the end of 12 months, and every subsequent 1/36 of these totals are received every month until the end of 36 months. [original link]

CoinVoice recently learned that on October 4, AirDAO Council Chairman Grimmers said in the official community that on the first day of announcing the investment from DWF Labs, 1.5 billion tokens were provided to it for market making on CEX and future DEX. There is no lock-up period because DWF Labs needs tokens to fulfill its commitment at the time of investment. After 36 months, the loan will be returned to AirDAO in the same way as the last transaction.
As for the $7.5 million invested by DWF Labs, the tokens purchased at a small discount will have a 12-month lock-up period, and DWF Labs will receive 1/3 of these tokens at the end of 12 months, and 1/36 of these totals each month thereafter until the end of 36 months. [Original link]