The vesting schedule for XAND converted from XANDC has been an object of discussion for some time.
We have been looking into our initial circulating supply, and the growth of circulating supply in the first 12 months. If we keep XANDC holders at 0% initially, we will release 400M XAND into circulating supply in the first 12 months, leading to increased pressure on the token price.
Our new proposal is to have the XANDC vesting schedule idential to the airdrop, i.e. 50% vesting immediately and the other 50% vesting linearly over 12 months.
Staking XAND is still an option that can be discussed at a future DAO proposal, as it needs some time to implement.
Please let us know what you think about this change.
Its a good compromise. Staking XAND is a great way to support the ecosystem too especially if you are not flush with funds enough to partake in a liquidity pool.
My opinion is that it would be good that now, at TGE, as few tokens as possible enter circulation. XANDC holders are people who entered the project from the idea phase and most likely some will go ahead with the project and others will want to leave. If the tokens are released gradually, other opportunities will most likely appear (staking, providing liquidity, participating in DAO…) to be used and maybe they will be less tempted to sell and leave the project. So vesting is good!
Thank-you for working together with the early adopters/node owners via this forum. This is a great idea to “bridge-the-gap.” It should meet the needs of the majority.
Either way I will be looking to leadership to have all my tokens doing what is best for the Xandeum community, so none of them will be for sale anytime soon.
Yes I think that makes sense although I wonder whether 50% vesting immediately is too much, maybe a more gradual schedule would be more supportive of price? Personally, I have a high degree of belief in the project so won’t be concerned about a fairly small percentage of tokens being available from day 1.
I see the point. Supply will still like 2x in the first 12 months. With the solution we had in mind before, there would have been an 8x to 9x, in just 12 months. Given that likely the storage won’t go live in 12 months, that would put a crazy dilution on us, i.e. market cap will go up like crazy if token price stays the same. It will be tough create reasons for the MC to 9x in 12 months - I expect a big increase when the storage layer goes live, but likely not in the first 12 months. That is the rationale behind it.
My 2-cents on the vesting 50% initially is that points holders should not outweigh long term investors who have already waited 2-years for a storage solution. As @forummaster said, storage is not likely to be an option within the first 12-months, and I would hazard a guess 18-months is probably pretty early too if past performance is any indications of future output.
Long term investors have first rights to any output considering they are risking the most through all these changes. As many have waited 2 years for this moment, they should have the choice to continue on the journey.
I suspect many will hold and that would also be a good thing despite the dilution being what it is. After all, don’t you need also long term holders and accumulators to make things more legit as it goes? I believe many of the long term investors will accumulate now that their vNode license entitlements are history, vapor, dust.
Another important feature for those early investors, as said on the AMA on X, we will be able to leverage our ownership to control the DAO since we will have all the new XAND tokens.
And since no one will be able to limit our ability to put up and pass proposals, we can correct any problems right out of the gate we may see fit. Perhaps that could be something like a smartly thoughout proposal to institude a payout of XAND to node owners for 8-years of lost payouts from the loss of revenue from their licenses. Or maybe buy back licenses if the token price was favorable to do it. Who knows.
