πToken Unlocks
$LNQ Token Info - 0xd4f4d0a10bcae123bb6655e8fe93a30d01eebd04
Max Supply - 1,000,000,000 $LNQ
Total Supply - 1,000,000,000 $LNQ - On Launch
Locked Supply - 850,000,000 (85% of supply) $LNQ - On Launch
Initial Lock Period
Post-token generation, the (850,000,000) tokens have been locked (Unicrypt) ensuring no movement or transactions can be made.
01 Jul 24 - 808,225,617 $LNQ - Remaining in the lock wallet
https://etherscan.io/tx/0x5279b2ef78a25a5822decc892e8daeb92b68eeaab59c7ce877c147374064858f
Token Burn Event
From 01 August 2024 - 31 December 2024 all tokens due to unlock from Unicrypt will be added to:
LinqBurn.eth - 0xffaD53b87dd66573e827A382FE1d05074bE2b26D
This totals 69,850.000 $LNQ
The unlocks that are earmarked for burning on 01 Jan 2025 are denoted by the red dots
*It is important to note that these will be unlocked in a linear fashion as stated below as to ensure a steady supply and demand of the token
Locked tokens are from all areas of the distribution chart
Unlock Schedule
Monthly Linear Vesting
Initial Lock Period - all 850m tokens are locked for 1 month
Vesting Period - After the initial lock period, the tokens start vesting linearly over the remaining 60 months (5 years total) into the Company wallet
Monthly Unlocks - 13.97m tokens unlocked every month into the Company Wallet
Monthly Burns - 2.05m tokens will be burned within 48 hours of every monthly unlock (this wa sdecided to stem the inflationary aspects of the token unlocks
Re-Locking - If the company feels that the tokens are unlocking at a pace not conducive with a balanced supply, then they reserve the right to lock away token batches thus improving scarcity of the token.
Token Usage - The unlocking of tokens does not necessarily imply immediate utilization by the project. As mentioned previously, should there be an accumulation of tokens, the project will consider re-locking them.
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