Where can I learn more about the tokenomics of the project and find out more about who the top wallets are? I don’t see a whitepaper on the website.
What is the vesting schedule?
Also, it is possible to make fiat contributions to projects? (Or is that a plan down the road?)
Hey smarsh! Have you already read through this post? https://radicle.xyz/blog/introducing-rad.html
Hi, yes! I was wondering about these bits in terms of the vesting schedule:
- *The lock-up release schedule varies based on jurisdiction.
- ** currently in proposal mode, if it passes immediately available
What are the various jurisdictions that the lock-up release schedule?
And then I was also wondering about the top wallets: https://etherscan.io/token/0x31c8eacbffdd875c74b94b077895bd78cf1e64a3#balances
It seems like the 51.5% wallet is the community wallet. Are the 11.99% and 6% wallets the 19% team wallets?
go to https://www.coingecko.com/en/coins/radicle and click on the
? next to circulating supply. in this section:
That section should answer your question:
I think this is the only part I’m still wondering about is the asterisks with the vesting schedule (e.g., how the lock-up release varies).
You guys are a great community
Generally speaking, US-based holders have stricter lock-ups than other investors, due to regulations there.
All pre-launch investors have contractual agreements. These agreements specify their lock-up periods. All investors have a one-year lock-up. What varies based on jurisdiction is the way these tokens “unlock” over time.
For instance, all US investors have to wait a full year in order to be able to transfer any of their tokens. This is implemented contractually.
Non-US investors unlock their tokens over time on a daily basis within the first year. At the end of the first year they have all their tokens. That’s why you see an increase in tokens over time in the graph in question 20 here https://lbp.radicle.network/faq.html Many of them have also to follow additional restrictions based on the country they are based in.
The reasons why we designed the unlock schedule this way are:
- To comply with local authorities
- To avoid price pressure one year in, when most tokens would become available
- To give enough time and space for the network to build liquidity
Finally it’s important to say that most of the investors we decided to work with are well established funds that operate on a 5-10 year horizon.
I hope it helps.
Thank you so much for the explanation!