PNRT Token

Re-locking development team tokens

Re-locking of development team tokens and its reasons

To maintain transparency and ensure sustained support for the PNRT token, we have decided to re-lock the development team tokens. This decision is due to the fact that the community members for the first term have not yet been elected and the release schedule for the development team’s tokens is not yet determined. Until the community members are chosen and specific details are set, the tokens held in the development team’s address for the PNRT token will be re-locked.

 

Reasons for Re-locking Tokens:

 

Ensuring Transparency: Re-locking the tokens ensures transparency in the distribution and management of tokens, allowing community members to oversee the release and distribution process.

Preventing Sell Pressure: This action helps reduce sell pressure and prevent severe price fluctuations, contributing to stable liquidity for the token.

Supporting Artists’ Projects: By avoiding premature token release, financial resources can be more effectively allocated to support independent artists’ projects.

 

Features Affecting Liquidity and Token Support:

 

Utilizing Locking Strategies: Implementing release locking periods for unlocked tokens to reduce sell pressure and maintain liquidity.

Encouraging Token Holding: Offering rewards and special benefits to users who hold their tokens for a specified period, such as discounts on purchasing artists’ products.

Transparency and Regular Communication:  Providing regular and transparent updates to users about the token status and future plans, which can build trust and increase enthusiasm.

Setting Minimum and Maximum Token Release:  A minimum of 1,000 tokens and a maximum of 3,000 tokens will be released daily for the development team. The exact release amount will be determined by the community members to ensure minimal sell pressure on liquidity pools.

With these measures, our goal is to maintain the stability and growth of the PNRT token so that fans and users can enthusiastically support independent artists and participate actively in token holding.

PNRT Token Website

Leave a Reply

Your email address will not be published. Required fields are marked *