$XPL
๐จ๐ข Paul Feig, the founder and CEO of Plasma, denied rumors that his team is selling XPL tokens. He confirmed that all investors and team members have a 3-year lock-up period, with a 1-year cliff โ๏ธ๐
Lock-up Period Details
- Lock-up Duration : 3 years for all investors and team members โฐ.
- Cliff Period : 1 year after the lock-up period ๐ฐ๏ธ
- Objective : Ensure market stability and prevent price manipulation ๐ฐ
Importance of Transparency
- Combating Rumors : Feig denies rumors to boost investor confidence ๐ฏ
- Ensuring Stability : The lock-up aims to prevent large-scale token sales ๐ซ
Team Commitment
- Transparency Commitment : Feig emphasizes the team's commitment to transparency and professionalism ๐ผ
- Focus on Development: The team focuses on developing the project and achieving its goals
Through these measures, Feig aims to enhance trust in the XPL project and ensure long-term market stability ๐ฎ
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