Dear CyberConnect Community,
We want to provide you with an advance notice concerning an upcoming movement of CYBER.
As previously communicated in the [CYBER Token Distribution Disclosure] in August 2023 (https://link3.to/cyberconnect/post/fa05067d5d3b94ccc7b27603982dfc50cc2e8f70c9f6d0b752d2f2d98177238f), we will be transferring a significant amount of CYBER to the Ceffu Custody (https://www.ceffu.com/) account, which would control the release of vested CYBER to respective parties. Here are the details of our previous announcement:
Unvested Tokens Held by Ceffu Custody
πΈ34,292,000 CYBER on ETH (Team 15M + Unvested Developer Community 9.5M + Unvested Community Treasury 9.792M) will be escrowed in Ceffu Custody for lock-up, and Ceffu will release vested CYBER to respective parties. The transfer will be made once the Ceffu escrow account setup is completed. https://etherscan.io/address/0x36f405d5f2a228b755cfb5191fcb0eba1b55f497
πΈ6,600,000 CYBER for future community rewards (on Optimism) are also subject to the above custodial arrangement. https://optimistic.etherscan.io/address/0x07c7ee9c065ff2bee1b3f433da2704a28414e57a
Since the token launch in August 2023, a few months have passed, and as outlined in our whitepaper, a portion of the CYBER tokens have been unlocked. Specifically, a total of 791,666.68 CYBER from the Developer Community (197,916.67 * 4 months) and 652,800 CYBER from the Community Treasury (163,200 * 4 months) have been unlocked as of December 15, 2023. To streamline the transfer process and ensure efficiency, we will only transfer the unlocked CYBER to the Ceffu Custody account. Here is the breakdown:
πΈ32,847,533 CYBER on ETH (Team 15,000,000 + Unvested Developer Community 8,708,333 + Unvested Community Treasury 9,139,200).
πΈ6,600,000 CYBER for future community rewards on Optimism.
Once again, we emphasize the importance of transparency. CyberDAO sincerely appreciates the unwavering support and trust you have placed in us. We remain committed to our mission of building a decentralized social network and will continue to keep you informed of any further developments.
Thank you for being an integral part of the CyberConnect community!