Token Lock-Up Plan
Based on developments of the project and the confidence of the community, the DATx project has already locked up 3.5 billion DATx token (35% of the original issued supply). Until DATx's main network officially launches, this portion of DATx token will not be released into the market.
Because DATx has adopted the DPOS consensus mechanism, in order to encourage third-party supernodes to join, voting rights for this portion (35% of the total DATx token issued) will not be in effect before the first node election. After DATxChain, the main public chain, goes live, this portion will be ready to circulate, more conducive to both ecosystem development and market value.
Previously, DATx announced that the 3.5 billion tokens were locked up in the custody of Huobi, one of the world’s leading digital assets exchange, and the wallet address was publicized as follows:
For security reasons, the 3.5 billion DATx tokens in lock-up were all transferred to this cold wallet address:
It is expected that DATxChain will be launched by the 3rd quarter of 2019. The DATx team promises to always prioritize the interests of the community. The project team sincerely thanks all investors and community members for their attention, support, and supervision.
At present, the DATx development team is fully committed to R&D, and is also very much looking forward to discussions with and participation from professional technology experts.
DATx has never partnered with any third-party agencies for token sales. Any potential buyer of tokens will go through a strict KYC procedure. The DATx token sale is not open to the People's Republic of China, the United States of America, or any other countries and regions where such activities are prohibited.