Posted Saturday Sep 25, 2021
Hello, #PartySquad. Here are our plans for our first token unlock. We made a couple of changes to offer you the most secure experience; we don't want you to feel afraid, thinking we will have in our control millions of tokens.
Check all the locked coins contracts on TrustSwap by clicking here.
As a team, we decided to re-lock most of the tokens while keeping a small percentage of them to pay personal expenses.
Our 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). We will divide the tokens between team members, currently conformed by eight people. We plan to sell 42,000 $PARTYs per month (Today worth $21,000 US dollars) to pay monthly expenses to our 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, we will do it.
Currently, the investors allocation totalizes 458,333.33 $PARTYs. There are no plans to decrease this amount; However, our investors decided that most of these tokens will be used to inject liquidity into our platform. This decision will allow users to make bigger trades between major $PARTY pairs, letting users buy and sell higher amounts.
Thanks for trusting in us! Also, stay tuned this weekend for new updates regarding major changes to improve our Piñata rewards.
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.
If you have inquiries about our platform, please don't feel afraid to ask! [email protected]