Hedera Hashgraph, the company behind the blockchain-like Hedera network, is asking investors to wait longer for tokens they paid for, in order to stabilize their cratering price.
In return for a delayed distribution of their HBAR tokens, investors would ultimately get more of them than originally stipulated in a simple agreement for future tokens.
The offer would incentivize investors to support network usage and growth as well as shore up the price of HBAR, he wrote.
Hedera anticipates the new agreement will extend token distribution schedules by up to 25 percent.
Investors who originally agreed to receive HBAR over a 48-month period would now wait an additional 12 months for full allocation.
There is no timeframe yet for additional allocations; Hedera has said it will depend on the level of interest the program receives once it's sent out to investors in early 2020.Designed as a multi-industry scalable decentralized platform, Hedera raised more than $124 million through three rounds in 2018.
To comply with U.S. regulations, the sale was only open to accredited investors.
Since distributions began in September 2019, more than 1.4 million HBAR has been allocated to investors.
In response, Harman said the company was reviewing the project's token economics model, including a new schedule that would distribute tokens on a quarterly, rather than monthly, basis to ease selling pressure and enable price discovery.
Despite the tanking of HBAR's price, Hedera has received backing from significant corporate players.
Hedera Hashgraph Asks Investors to Wait Longer for Tokens After Price Crash
pubblicato su Dec 24, 2019
by Coindesk | pubblicato su Coinage
Coinage
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.