DeSpace Vesting Update
Securing $DES with a stronger vesting schedule ✨
Today we’re announcing some important changes to our vesting schedules — changes that will help strengthen the token and set DeSpace up for success as ramp up development and continue our marketing efforts. We’ve had some ups and some downs so far, but we’re glad to say we’re still on track to complete our core mission of making the ultimate cross-chain hub for all things DeFi and NFTs.
In this article we briefly recap some of our latest campaigns, detail the changes to our vesting schedule, and explain why these changes are important for the token.
DeSpace in 2022: Where we’re at ✨
To help launch DeSpace into 2022 we began a huge marketing push into a large, untapped market, full of potential. Thanks to some strategic partnerships, we’ve been able to secure dozens of exclusive NFT deals with some of the biggest celebrities in India. These are influencers, musicians, dancers and movie stars with tens of millions of loyal fans, all of whom are now seeing DeSpace regularly.
✨ Aditya Narayan shares DeSpace to his 2.2 million followers on Instagram
✨ Payal Rajput announces her DeSpace partnership to 5 mil. Facebook followers
✨ Nishant Malkhani brings DeSpace to 1.7 million fans on Instagram
Our push into India has also come with ongoing media coverage in some of the country’s most important news outlets, with our core team quickly establishing reputations as experts and pioneers in crypto and NFTs thanks to their contributions to the ongoing debates about Indian crypto regulation. DeSpace is pushing to become a recognized name in a country of more than 1.5 billion people with one of the fastest-growing crypto markets in the world.
✨ DeSpace in the Hindustan Times
✨ CMO Micky Irons in Moneycontrol
✨ Articles mirrored for Chinese media
Even if you’re not a fan of Indian entertainment, this strategy presents an incredible opportunity for all DeSpace investors and supporters. With our product reaching millions of potential users daily, and with the first NFT collections dropping in the coming weeks, there’s huge potential for both token and ecosystem growth throughout this year. And if our push into India’s untapped market succeeds, it creates a roadmap for us to explore other exciting emerging markets going forward.
Updated vesting schedules 🏦
As part of this massive campaign, and after consultation with tokenomic experts among our advisors, we’ve decided to alter the vesting schedules on certain allocations. With new users about to enter the ecosystem for the first time, our token economy must remain healthy and without excess sell pressure at this crucial time.
Private, Strategic and Seed rounds will all move from linear unlocking per block to a quarterly token release. These new unlock rules will come into effect on February 21, when the old claim page will be taken down. Any unclaimed tokens at this time can be claimed after the new claim page is up.
The first quarterly unlock will take place on May 21, 2022.
Seed — 17.3% every quarter (for 4 quarters)
Strategic — 23.6% every quarter (for 2 quarters)
Private — 17.13% every quarter (for 2 quarters)
This decision has been taken with the long-term interests of the token in mind, and we appreciate your support and understanding as we implement these changes.
✨ If you purchased $DES in a public IDO or on an exchange, this change has no impact on you.
Full steam ahead 🚀
With these changes to the token vesting and with our Indian campaign just beginning to pick up speed, 2022 is already shaping up to be an incredible year for DeSpace. Again, thank you for your ongoing support, and we’re looking forward to exceeding your expectations as we build the future of DeFi and NFTs.
The DeSpace Team ✨
DeSpace takes the best of DeFi and NFTs and combines them into a single, easy-to-use platform that rewards users.
Learn more about DeSpace Protocol👇
💥Website |💥Telegram Community|💥Telegram Announcements |💥Twitter
