6-5. Unlock-up Policy

Purpose of Lock-up

Project rewards, amounting to 15% of the total supply, are subject to lock-up.

This measure is intended to prevent supply-demand imbalances from sudden token inflows and to promote healthy market growth.

---

Lock-up release rules and formulae

Clear rules are in place for the lifting of lock-ups and the lifting is carried out in accordance with a formulae.

1. Release quantity with project launch Of the 15% lock-up, half (7.5%) will be released with the launch of new projects. The formula for calculating the release quantity is as follows:

   
2. Release quantity over time The remaining half (7.5%) will be released gradually over time, with the full release completed over 60 months. Releases will occur monthly, following a calculation method that increases the release rate over time to align with project demand and market maturity. The formula for unlocking the lock-up using the exponential function is as follows: Exponential function : y ( t ) is the percentage of release at time t (ranging from 0 to 1) and k is the rate of increase.

   

   

   Rate of increase:：The growth rate k is set as follows, so that the value approaches 100% after 60 months.

   

   ※As the exponential function never reaches 1, all lockups are considered fully released at 0.9999 (99.99%) or higher.

Below is a example model of the quantity and percentage of lock-up release using the formulae.

Lock-up Release Model