Vesting, Strategic Round and Treasury Management
Strategic Round: 30% TGE unlock, then 70% vested over 3 months
All tokens under team control will be secured in a Gnosis multisig wallet (3 out of 5 verification)
Strategic Round Details
Valuation of the round was at approx. 2.2M$ FDV, which was higher than the launching capitalization of around 900K$.
Vesting terms are as follows: 30% Initial Unlock, followed by 90 Days Linear Vesting. Sablier has been used as the vesting platform.
Most funds from the Strategic have fueled our liquidity pool - 30 ETH was initially paired with 15% Total Supply of $LOOP token.
Strategic round was conducted in order to secure key individuals that would be supporting Workloop in the long-term basis. Every individual is aligned with Frank's vision and what Workloop brings to the table.
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