What exactly do people mean by “token lock-up”? Don’t worry—the class study monitor is here with the answer:
Team and investor lock-ups are usually described in the tokenomics document. Some are enforced by smart contracts, while others are just written agreements.
With contract-enforced lock-ups, you can verify on a block explorer how many tokens are locked and when they’ll be unlocked. For lock-ups based on written agreements, you have to rely on the team’s credibility.
There’s no homework for today’s lesson, but the market may spring a pop quiz at any time.
$BNB 751.95（+0.68%）
For recording and sharing purposes only; not investment advice.
Team and investor lock-ups are usually described in the tokenomics document. Some are enforced by smart contracts, while others are just written agreements.
With contract-enforced lock-ups, you can verify on a block explorer how many tokens are locked and when they’ll be unlocked. For lock-ups based on written agreements, you have to rely on the team’s credibility.
There’s no homework for today’s lesson, but the market may spring a pop quiz at any time.
$BNB 751.95（+0.68%）
For recording and sharing purposes only; not investment advice.