WHY Circ Supply increases outside vesting scedule

General
1

I have big concerns about increasing of the circ. supply outside of the vesting scedule. This day alone the token icreased 1M. According to vesting scedule the next vesting will be at 16th of june. WHY THE HECK TEAM FLOODS THE MARKET WITH TOKEN ???

2

Vesting and lockup details

Team & Advisor tokens are subject to 4 year lockups, with the first unlock happening on 13 month anniversary of the token generation event and then monthly unlocks thereafter for the remaining three years. There is a 1.5% unlock for Service Providers upon token generation. Early Contributors are subject to up-to 2.5 year lockups, with the first unlock happening on the 7 month anniversary of the token generation event. Development tokens are subject to up-to 4.5 year lockups, with an unlock of 3% for Development happening at the token generation and the remainder happening starting on the 7 month anniversary of token generation for up-to 4 years. The Foundation Treasury & Resources are pursuant to terms set out in the Transparency Report and are in service of the KARRAT Community. The on-chain governance treasury will reside in a smart contract pursuant to the Constitution of the KARRATco. This is immediately unlocked but not circulating.

It is important to note that any tokens above deemed as unlocked, do not constitute circulating or votable tokens.

This is straight from the documents, BOLD is the important part. You have investors claiming at different times, the foundation treasury selling for expenses, NFT holders claiming at different times, and because of this circulating supply increases at any given time. An unlock happens on X day and it may not circulate until it is claimed or moved into another wallet.

2 Likes
3

Thanks for answering. But what does this mean? How many token come into circulatin additionally to the 16M every 15th ? Yours truely

4

The answer is: it depends. As Smoke above noted, token unlocks do not automatically constitute circulating supply.

There’s no fixed or predictable number for circulating supply numbers at present given the uncertainty of unlocked tokens actually being moved. However, if KIP-15 is to pass, then all tokens in KARRATco would enter circulating supply (without affecting the votable supply).