we had a discussion here, not to long ago, about the vesting period. Some potential investors were asking about this, while frankly, this was something we did not think about when drafting the WP. I am glad that I am able to say that by the todays unanimous decision of the founders, a vesting period of 1 year was introduced on Founders and Team SPF Tokens (18% of all SPF Tokens to be issued). More info to follow tomorrow with an official Medium blog post...
Hi,
Here are the details about the decision on vesting:
https://medium.com/sportyfi/sportyfi-founders-and-team-will-vest-their-tokens-6e3fcc8b59d3SportyFi founders and team will vest their tokensThe commitment of the team to the long-term success of the SportyFi ecosystem was never in question. But to alleviate any doubts, our SPF tokens will be vested for a period of one year.
Weve started the SportyFi project almost a year ago: first by developing the idea, then by checking its legal framework and in the last two months by working relentlessly on the Token Crowdsale, coming up on November 21. We do, however, know, that the real work does not end with a successful crowdsale its when our work really begins.
There was always an agreement in the team that we will hold our tokens for an extended period of time, and when that time comes, we will re-invest them into the platform, not transfer them to an exchange and cash out. And while our verbal commitments were never doubted, weve decided to go one step further and put this in writing.
The founders and the team will therefore commit to holding their tokens for a period of at least a year after the successful completion of the Token Crowdsale. We believe in this project more than anyone and, come one year around, we will have set up a lively platform, that will make the life of prospective athletes easier and the sports industry more open to small investors.
No such limits will, of course, be placed on the participants in our Token Crowdsale. Were working hard on setting up a trading ecosystem and are in talks with several prominent exchanges to list the SPF Token as soon as possible, and, of course, were also on track for a Q1 2018 launch of the SportyFi platform.
Marko, Simon and Toma, SportyFi Co-founders