STP Network Tokenomics: Extended Token Lock

Today, we are very excited to share some more positive news for our token holder community: 100% of our tokens held in Reserve and Team wallets will remain locked for an additional 6 months

There will be ZERO increases in circulating supply during this time!

  • Token Release Schedule Change: All reserve tokens set to be unlocked starting January 2020 will instead be fully locked until July 2020 and then unlocked quarterly over 3 years. This does not affect Round 1 or Round 2 investor tokens, which have already been fully distributed.
  • Community Tokens: The one and only exception to this new schedule will be tokens needed for new exchange listings. We are setting aside tokens in expectation of upcoming listings.

Why Are We Doing This?

  • We see this as an opportunity to double down and publicly reaffirm our long-term commitment to STP Network
  • To better align the incentives of our community, token holders, and ecosystem partners
  • To take noise out of the market during our previously mentioned series of upcoming announcements

This will add significant stability to our tokeneconomic structure. With a stable token supply and no additional token distributions, we are able to focus 100% of our attention on communicating all the partnerships, product announcements, and milestones we’ve been working tirelessly on over the past few months.

To put an exact numeric impact around this change:

this represents 381,057,692 of STPT tokens which will NOT be distributed until midway through next year—this is equivalent to 58.34% of the current unlocked circulating supply

Original Token Distribution

Original token distribution schedule with January unlock

Updated Token Distribution

Updated token distribution schedule with 6 month delay

Team tokens were originally set to unlock starting June 2019, but we voluntarily opted to keep them locked until Jan 2020. Now, once again, we are delaying the distribution of these tokens an additional 6 months.

We couldn’t be more excited to share this and all our upcoming news with you — stay tuned for more announcements this month. And for now…

We’re putting our tokens where our mouth is

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Core Contributor of Verse Network