Unvest Liquid Vesting Details
We have an important announcement regarding the details of the Unvest launch taking place Tuesday, August 31:Unvest will indeed use Liquid Vesting for their own IDO!
Unvest Liquid Vesting Explanation Video
Early $UNV investors ( of the seed round, private round) will be subject to 12-month, 9-month, 6-month, or 3-month vesting schedules. Tokens will unlock according to class (3, 6, 9, or 12) every 3 months, starting 3 months after the Token Generation Event (“TGE”).
While earlier investors will receive up to all 4 classes of Liquid Vesting Tokens (“LVT”), IDO participants will only receive the 3-month LVT class; that is, IDO buyers are only subject to the 3-month schedule. For more details see the following Unvest’s tokenomics, including vesting schedules, here.
“This means that for the first three months following TGE, the circulating supply will be under 29m UNV tokens. In other words, the market cap at launch will be below $800k at launch, and no new investor tokens will be added to circulation until 3 months after TGE.”
LVTs are fungible and can be either traded on Uniswap or transferred between wallets. Investors can trade their locked tokens freely without affecting the price of the underlying $UNV. Once LVTs mature, they can be burned to claim regular $UNV tokens 1:1 via tha Liquid Vesting smart contract.
This IDO will be a proof of concept for Liquid Vesting, because LVTs can be traded an unlimited number of times before maturation, it is unlikely that $UNV will be owned by the same early investors who bought at early prices. If there is sufficient LVT trading volume, the price of LVT will converge with the price of $UNV leading up to its maturation.
For this reason, it is expected that the sell pressure of new tokens entering circulation will be lessened, and that $UNV will thereby experience less volatility and a higher price floor.
Unvests own IDO, $UNV, comes with the protection of more stability alongside a greater price floor. The stage system ensures that investors can be reassured in their investment.
For more details from Unvest’s perspective, read more here.
Unvest Liquid Vesting is a noncustodial vesting platform and trading protocol implemented for the Ethereum Virtual Machine. The Unvest contracts work in tandem with atomic swap contracts and decentralized order books to facilitate the trustless trade of tokens locked in early investor vesting schedules. Unvest provides free-to-use tools for projects running IDOs, curates a public-facing market interface and generates ecosystem revenue on pre-unlock trading activity.
Unvest is a multi-chain project with a strong focus on Cardano. Unvest has joined IOHK’s Plutus Pioneers program and will be deploying their tools to Cardano mainnet after a thorough testing and peer review process.
Unvest is founded by Kiran Matthews, previously Head of Product at Termius, a startup backed by Y Combinator & Initialized Capital (the first investors in Coinbase). Their lead smart contract developer, Klaus Vidal, created Prettier Solidity — a key tool used by Uniswap, Bancor, Open Zeppelin, Gnosis Protocol, Synthetix, Gelato, The Sandbox, UMA and others.
The team has experience working for leading technology organizations like Google, AirBnb, Dropbox, Microsoft and Facebook.
CardStarter is the first incubator, launchpad and insurance program for projects on the Cardano network. The CARDS platform is a unique and dynamic launchpad, connecting projects to early supporters and a network of key partners. The Cards Accelerator Program (CAP) team works with each project individually to establish the right connections and map marketing strategies, establishing the foundation for long term success.
CardStarter is also differentiated by its charge to protect its supporters. CARDS provides unbiased third-party audits of every project’s code and protects IDO participants with an in-house insurance program. CardStarter is proudly partnered with X21 Digital, BlockSync Ventures, Plethori, Fractal, PARSIQ, Scryptic Tech and Longtail Financial. Once fully built, CardStarter will be an all-inclusive platform with a decentralized exchange to complement the current offerings. CardStarter also aims to be a nurturing force in the Cardano ecosystem, with hackathons and project development support being a major focus of the roadmap.