Even after the successful launch of our mainnet and rebranding, we have been in discussion with our supporters and investors in regards to the vesting schedule. As vesting is directly linked to the future roadmap, marketing, and community sentiment, we have been contemplating and closely coordinating with investors, advisors, and partners to implement a change.
The change is designed to mitigate the impact of token releases on the secondary market and will help the sustainability and longevity of $BYN. This is of utmost importance to the team & our protocol, echoed by our major investors. The team believes the private sale participants will share the same desire, all contributing to the growth of Beyondfi.
The vesting’s entire unlock schedule REMAIN THE SAME. The only change is the CLAIMING SCHEDULE. Starting December 15th, tokens will be claimable DAILY via a token portal. Therefore, release dates are no longer applicable.
The new vesting schedule will begin on December 15th, 2021.
- Price impact: As there is no “drastic” release of tokens, there is less impact on price in general. We understand that price impact affects not only the sentiment of the project but causes unnecessary negative speculation, which does not help with growth.
- Stable market capitalization increase: As the project advances, an increase in market capitalization is inevitable. MC grows as the project grows. We have made the adjustments in order for the MC and price to go along with the progress and development we make in the future.
- Price management: As it is essential for a project to monitor
We are in the final stages of development of the vesting portal.
Further information on how to use & claim will be available soon.
We would like to thank all investors and community members for their trust and patience. We will truly make this project go BEYOND expectations!
Previously Beyond Finance, Beyondfi is a decentralized synthetic product trading platform where users can create and trade synthetic financial products, unlocking the full potential of decentralized finance and derivatives without limits. With prominent key partners including Huobi Ventures and OKex Block Dream Fund, Beyondfi allows users to trade decentralized products without any restrictions, allowing individuals to reach their fullest to fully realize the value of Decentralized Finance.