We recently see a lot of hostile fud spreading in the community.
04 Feb 2022, 01:46
We recently see a lot of hostile fud spreading in the community. We respect open communication but we have zero tolerance over straight rudeness or FUD. We recently announced our token economics. Here are the facts:
- We give 55% of our total token supply to the community and ecosystem, governed by the Umee on chain governance once we launch the blockchain
- The founders token allocation get longer lockup to a total of 8 years. They don’t have liquidity until 12 months later
- 7% of the total supply is used for market making. It’s structured as a loan to market makers. They don’t count as circulating supply as they ARE NOT SELL PRESSURE. They are only there to make healthy liquidity across CEX and DEX and support our listing processes
- Our community governance follows the most strict ON CHAIN GOVERNANCE. That’s why the UMEE token is a governance token and you need to STAKE in order to vote. Wait until our chain launches and the community governance will rule
- Coinlist purchasers are still the FIRST group that gets liquidity. Every investor and team members has a 6-12mon non vesting cliff from TGE
We have banned and kicked a lot of the hostile people across all our channels. Don't follow FUD and DYOR. The goal of Umee is not for short term speculation. The goal is to build a new paradigm.
For those who's truly interested in what we do and want to know why you are here. check out our testnet webapp: app.umee.cc or see this demo video: