ICO Team To Keep Their Share of Tokens Locked Up for an Extra Seven Years

[kreslik.news]

The team behind an ICO project worth millions of dollars has announced that instead of being being paid with their project’s reserve tokens over a three-year period, they will receive the money over ten years instead.

$9.5 million

The project in question is called Nebulas, which is based in Beijing. It raised $60 million in its ICO in December. Its token is called NAS, and it has a market capitalisation of $65.9 million, according to coinmarketcap.com.

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The original roadmap planned for 20 million NAS tokens, or 20 percent of the total, to be reserved for the ... (read more)