The launch of Ring Protocol 🚀
Ring Protocol launched at May-28-2021 07:52:23 PM +UTC.
The Ring Core Team and early-backers will own timelocked RING as well as the LP tokens associated with the IDO. These timelocks follow a linear release schedule over a 4 year window on the contract level. The Ring Core Team has elected a back-weighted 3 year timelock period. All tokens follow the 3 year timelock on the contract level. The difference for the team will be managed at the company level.
The RING will be held in a special timelock called the TimelockedDelegator which allows for sub-delegation of portions of the held tokens, even while timelocked. If you'd like to be considered as a sponsored delegate, reach out on Discord.