Zenfuse Private Sale Contributors to Receive Allocations After 680% Price Rise
- Zenfuse private sale contributors will receive token allocations in December and January.
- The slow distribution of the Zenfuse token (ZEFU) dampens the impact of any selling and aligns the incentives of private sale contributors with the long-term success of Zenfuse.
- Over the past 2 weeks, the ZEFU token has increased by 680%, which further encourages long-term holding.
The Zenfuse private sales were filled by some of the highest-caliber strategic partners in the cryptocurrency industry. Each participant bought into the long-term vision of Zenfuse and contributed both their capital and expertise. Renowned venture capital firms, including Moonrock Capital, Signal Ventures, and Brilliance Ventures participated in the private sale rounds.
Two private sale rounds were carried out in September. According to the release schedule, participants in both these rounds will receive half of their total allocations over the course of December and January.
16 million tokens were sold in the first private sale round. 4 million of these tokens will vest this month in ten increments. From the 12th to the 21st of December, 400 thousand tokens will be unlocked each day. Similarly, another 4 million tokens will vest in January in ten equal increments from the 12th to the 21st of January.
14 million tokens were sold in the second private sale round. 3.5 million of these tokens will vest this month in equal increments of 350 thousand from the 12th to the 21st. Similarly, another 3.5 million tokens will vest in January in equal increments from the 12th to the 21st.
The slow token release will dampen the impact of the distribution on the price of ZEFU. By releasing the token in increments of ten, any tokens sold on the market will likely have minimal impact on the price.
The slow release schedule also aligns the interests of private sale participants with the success of Zenfuse. Private sale investors are incentivized to hold on to the tokens long-term to benefit from the token price growth.
Since the 23d of November, the price of ZEFU has increased by 680%. This growth further encourages long-term holding. As the Zenfuse all-in-one trading platform continues to grow and improve, those that quickly sell their token will run the risk of missing out on ZEFU price rises.