Conversation

1) We’ve thought long and hard about the token distribution mechanism for Serum, and we’re excited with what we have. projectserum.com/srm-faq

3:57 PM · Aug 4, 2020Twitter Web App

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2) 90% of all tokens will be locked up for 1-7 years (that is 1 year fully locked, then linearly unlock over the next 6 years).

SBF

@SBF_FTX

Aug 4, 2020

3) All seed sales are locked, as are all team tokens. This means that the early investors and the team are committed to the long term success of Serum and SRM.

SBF

@SBF_FTX

Aug 4, 2020

4) Outside of having a small amount available for liquidity providing and ecosystem incentives early on, none of the SRM is circulating, meaning that everyone involved in the project is in it for the long run.

SBF

@SBF_FTX

Aug 4, 2020

5) SRM holders will begin to get rewards for their staking as soon as SRM launches, incentivizing the adoption and growth of the Serum ecosystem. projectserum.com/staking-voting

SBF

@SBF_FTX

Aug 4, 2020

6) SRM will have an IEO on FTX and BitMax this Friday, and then list next Tuesday; we’re anticipating an exciting, widely covered launch. projectserum.com/ieo-rules

SBF

@SBF_FTX

Aug 4, 2020

7) Staking rewards and a buy/burn of SRM will return the value accrued through the ecosystem to SRM holders.

SBF

@SBF_FTX

Aug 4, 2020

8) The first piece of Project Serum should also be going live in the next couple of weeks!

SBF

@SBF_FTX

Aug 4, 2020

9) For more info: projectserum.com discord.gg/kQE8djv (Not investment advice, etc.)

Replying to

and

I am very positive about this first IEO on FTX as I am very sure that the team knows to a large extent that its success will to a large extent, affect the people's general perception of this incredible exchange. Go

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and

List on dex or all talk noturds

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It'll be listing globally on Tuesday :)