We want to take a moment to address the upcoming unlock process for the Team (3%) allocations, as we truly understand the community's concerns. We share the responsibility of ensuring the long-term stability of our ecosystem, and we are committed to being transparent about this process.
To clarify, these unlocks are intentional and gradual. The Team allocation includes a 1-month cliff, followed by a 6-month linear unlock. This is designed to ensure that tokens are released steadily over time, minimizing any potential immediate impact on the market. In practice, this means only 0.1% (~70k at current prices) of tokens will be released EACH week for the next 6 months. Given our average weekly volume of over 70 million, this amount is relatively small and should not disrupt the market.
We want to assure the community again, that we have sufficient funding at this moment, and we remain focused on the long-term health of the project. However, because the tokens are being unlocked gradually, there is no way for us to relock the entire 3% allocation at this time.
We’d also like to ask the community to consider this: Would you prefer a team that has ongoing incentives to work hard and push the project forward, or one that isn’t compensated? Think of it like working without getting paid – we’re sure that’s not something anyone would want. The Team’s success and motivation are tied to the project’s success, and we believe this is crucial for progress.
Our promise to the community is clear: we will never sell in a way that harms the project or the chart. We will only sell if absolutely necessary for funding development. If there’s no need for funding, we will lock the remaining tokens for an extended period of time, ensuring long-term stability.
Additionally, our Marketing allocation is essential for targeted campaigns, strategic partnerships, and covering key marketing expenses. At the same time, our treasury funds support ongoing development, such as infrastructure, server maintenance, and API enhancements. A significant portion of the supply has been used on existing CEX listings, and more will be used in future listings as well. These costs are significant, and we hope the community can understand that instead of pressuring us to relock tokens that are needed, it’s more beneficial for the project’s future to allow us to use these resources responsibly.
Thank you for your continued support and understanding. We are in this together, and we remain committed to building something lasting for the community.
Once again, we want to extend our warmest wishes to all Alchemists around the world. Merry Christmas! Let’s embrace the spirit of the holidays and look forward to an even brighter and more magical Arcane Forge in 2025!