400 million HDAO Lockup Program

The members of the HDAO Foundation Singapore voted to approve the proposal of the "400 million HDAO Lockup Program". In order to ensure the best interests of the consensus members of the HDAO community, at the same time demonstrate the determination to continue to build the HDAO ecology and confidence in the sustainable development of HDAO, and achieve the goal of HDAO value, the members of the HDAO community will jointly implement the "400 million HDAO Lockup" plan. Lock-up participants lock part of HDAO for 12 months, and after the lockup period expires, 5% will be released every month, and the release will be completed in 20 months.

The addresses where HDAO tokens are locked in the "400 million HDAO Lockup Program" will be jointly supervised by community token holders. The HDAO tokens of all community members participating in the lockup will be managed by the HDAO Foundation Singapore and stored in the lockup wallet according to the voting results.

The lockup wallet address is as follows: 0x1E0df3Ec053FDFA4B42a83766E98B529CAE206Dd

The "lock-up plan" will lock up a corresponding amount of HDAO from the token holders of private equity, IEO, team and operation, ecosystem, marketing, and foundation, reaching 80% of the total HDAO lock-up, so as to maintain the long-term healthy development of HDAO and boost the confidence of community users, and realize the common goal of a virtuous cycle of HDAO value ecology as soon as possible.

Lockup Period: 00:00, July 22, 2023 - 24:00, July 21, 2024
Lockup Execution Time: July 22, 2023
Lock-up Release Period: July 2024 - February 2026, 5% released every month

HKD.com Team
24 Jul 2023