Opulous Updates: We’re changing our token vesting schedule
We’d like to shine a transparent light on the changes being made to the $OPUL private sale token distribution.
If you missed our development update earlier this month, we wanted to give you a brief rundown on our updated token vesting schedule, which will benefit everyone in the Opulous community.
Our decision to update the $OPUL vesting schedule is designed to re-align investors’ incentives and lead to a more robust and successful Opulous ecosystem. Beginning April 12th, we are changing the $OPUL distribution to daily; this also includes your 10% March allocations.
Offering a clear advantage, users can claim tokens daily rather than every two months, therefore reducing any possible price impacts that a bi-monthly distribution could cause, which will increase the overall stability of the $OPUL token.
Through our platform, you can view all tokens you are owed, how many can be claimed currently, what you’ve already claimed, and finally, the overall vesting schedule. All $OPUL tokens will be released slowly over time.
How does it work?
We calculate the daily issuance amount by dividing the remaining tokens you are owed by the remaining days until the final distribution of your investment.
Daily issuance = remaining tokens / remaining days
These tokens are then added to a smart contract, and you can claim them through our dashboard. You will need to log in with your Algorand or Pera Wallet to access your user account on our website, and our system will perform all the opt-ins automatically for you.
If you invested in the $OPUL token SHO via DaoMaker, you’ll be able to easily claim your ERC20 tokens through the DaoMaker portal every day. For those who invested via TrustSwap, claiming ASA tokens will be a breeze using the Opulous Dashboard.
Since enhancing security for everyone is our main priority, we’ve partnered with Certik to run complete audit checks on our smart contracts.
Finally, the sustainability and longevity of the $OPUL token are of utmost importance to the Opulous team, and we hope our community will echo this sentiment.