PartySwap New plans for their first token unlock!
#PartySquad. Here are their plans for their first token unlock. They made a couple of changes to offer you the most secure experience; they don’t want you to feel afraid, thinking they will have in their control millions of tokens.
Check all the locked coins contracts on TrustSwap by clicking here.
Team Allocation
They decided to re-lock most of the tokens while keeping a small percentage of them to pay personal expenses.
Their first “token unlock” was planned to be a total amount of 1,833,333.33 $PARTYs. However, based on the current changes, it will decrease to 210,000 $PARTYs (11,45% of the original unlock). t They will divide the tokens between team members, currently conformed by eight people. They plan to sell 42,000 $PARTYs per month (Today worth $21,000 US dollars) to pay monthly expenses to their team of designers, lead developers, and marketing strategists.
The rest of the coins (1,623,333.33 $PARTYs) will be re-locked in a new TrustSwap smart contract, scheduled to be released in the next two months. If it is necessary to re-lock the tokens again for a longer period, they will do it.
Investors Allocation
Currently, the investors allocation totalizes 458,333.33 $PARTYs. There are no plans to decrease this amount; However, their investors decided that most of these tokens will be used to inject liquidity into their platform. This decision will allow users to make bigger trades between major $PARTY pairs, letting users buy and sell higher amounts.
About PartySwap
PartySwap is a Decentralized Exchange (DEX) launched in Avalanche where you can do permissionless swaps between currencies, earn interests in farms and liquidity pools in one interoperable, highly scalable ecosystem.
