Bearish on OPUL due to vested tokens release
Be mindful that OPUL will airdrop Vested tokens to early investors on the 23/01/2021, I see a sell wall following as these early investors bought these tokens for $0.05c
What Is Vesting?
It’s a certain amount of tokens that are held aside for some period of time for the team, partners, advisors, and others who are contributing to the development of the project. Smart contracts usually lock a certain amount of funds until contract conditions are met. For example, startups that use the blockchain technology can lock a certain amount of tokens: the team can reserve 15% of coins, for instance, which will be gradually released once a month/quarter/year during the project process for financial purposes. In general terms, the process of releasing these coins is called vesting.
What Is Vesting?
It’s a certain amount of tokens that are held aside for some period of time for the team, partners, advisors, and others who are contributing to the development of the project. Smart contracts usually lock a certain amount of funds until contract conditions are met. For example, startups that use the blockchain technology can lock a certain amount of tokens: the team can reserve 15% of coins, for instance, which will be gradually released once a month/quarter/year during the project process for financial purposes. In general terms, the process of releasing these coins is called vesting.
Comment:
delayed token vesting release until 26/01/2021