This article was first published on Stories by Waltonchain_EN on Medium
Waltonchain is committed to technology research and development and community ecosystem construction, sharing with the community, gathering the R&D and innovation forces of the community and common realization of the grand Waltonchain blueprint.
Based on the current R&D progress as well as confidence and firm determination to achieve the vision of Waltonchain, the Waltonchain team has decided to give more than a half of the team’s locked-up 10,000,000 WTC to the community through a series of airdrops and burns. The total airdrop and burn amount will be 5,200,000 WTC.
The Airdrop and Burn Plan shall start from the date of this announcement. The corresponding airdrop and burn events shall start when each of the following trigger conditions is reached and end at 00:00:00 (UTC+8) on January 18, 2020. The remaining portion and the portion trigger conditions for which have not come shall remain locked until January 2020 as per the recent Waltonchain Team Token Lockup Extension Announcement.
Trigger Conditions, Airdrop and Burn Amount:
1. When the daily average price of WTC reaches USD 4.25 for the first time, 1% of the team’s locked-up tokens (i.e. 100,000 WTC) shall be airdropped and another 2% (i.e. 200,000 WTC) shall be burnt;
2. When the daily average price of WTC reaches USD 6.42 for the first time, 1.3% of the team’s locked-up tokens (i.e. 130,000 WTC) shall be airdropped and another 2.7% (i.e. 270,000 WTC) shall be burnt;
3. When the daily average price of WTC reaches USD 9.64 for the first time, 1.7% of the team’s locked-up tokens (i.e....
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