The blockchain firm Hedera recently announced that all holders of its HBAR token who decide to lock their cryptocurrency assets will be compensated with more cryptocurrency. As a recent blog post unveiled, the company announced that from 2020, HBAR holders participating in the token sale will be able to take part in a program where they would be compensated with annual allocations of additional coins.
In exchange for this, Hedera wants more of its tokens locked and investors would have to postpone the release date of the tokens acquired in the original investment. The offer is now aimed at accredited investors who signed a simple agreement for future tokens (SAFT) and bought a future crypto asset from the firm.
We can also see that the release of the additional tokens will be calculated by Hedera and its annual network adoption speed. Now viral in the altcoin news, the announcement by the company shows that 10% of the transaction fees and treasury sales would be released to SAFT holders locking their tokens. The cap on this bonus would be the investment amount in US dollars – or as the post explains:
“Any current SAFT holder that chooses to participate will receive the full number of coins expected in their original SAFT agreement, but will agree to extend the distribution schedule for what remains of their original SAFT allocation by 25%. In exchange, Hedera will repay the full value of their original investment over time, in coins.”
Obviously, this post is only a summary of what this blockchain firm plans – and no investor action is required right now. Detailed documents pertaining to the offer will also be released early next year. As Hedera noted, the source code of its platform and tools will become open next year.
Previously in our blockchain news section, we talked about Hedera Hashgraph and how it is a decentralized public network that targets enterprises claiming to be capable of processing 10,000 cryptocurrency transactions per second (TPS). Some analysts noted that there is big skepticism regarding the firm’s claims – which also include the ability to run a network’s full node directly from a smartphone.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]