Vesting schedule changes: DeRace is extending the vesting period of the locked tokens

zkRace
2 min readOct 28, 2021

--

What is vesting?

Vesting is the process of locking and releasing tokens after a given time. Usually vested tokens belong to team members, advisors, partners, others who contributed to the development of the project, but also private and public sale participants who purchased tokens before they went on general sale. It is very common for tokens to be released gradually over the vesting period, sometimes once a month, once a week, or even daily as the project progresses.

How does delaying vesting affect DeRaces native token $DERC?

As tokens are coming into the circulation slower and in smaller amounts, the negative impact on the $DERC price during the unlock is decreased.

The updated token release schedule is helping to relieve the selling pressure and ensure that $DERC token price is impacted as little as possible by each token unlock.

According to the updated schedule, the token unlocking is extended by one more year. Every month there will be ~50% less tokens unlocked than initially planned which means that the $DERC volatility will be less impacted by each unlock.

How does the new vesting schedule look?

Extended $DERC token vesting schedule

About DeRace

DeRace is a complete NFT horse racing ecosystem where you can participate in horse races, breed NFT horses with unique characteristics, host races in your own NFT hippodrome and earn profit while doing it.

DeRace is electrifying the current NFT market by allowing players to fully interact with their DNA-enriched NFT horses and have full control of their own hippodromes.

Website | Twitter | Telegram | Announcements | Medium | Instagram | TikTok | Discord

--

--

zkRace

zkRace is a front-running Web3 horse racing game & world's 1st cutting-edge zk-rollup infrastructure tailored for GameFi, powered by $ZERC