*In line with the standard practice, tokens purchased by early contributors, supporters, investors during pre-launch events will be released after a cliff period of 33 days after token launch. This allows for more events that will get CREE into the hands of more holders at launch price, which is good for the token value. After the cliff, tokens will unlock linearly over a period of 33 days.
Investing in cryptocurrency can be an exciting journey, and the launch of $CREE presents a unique opportunity. As part of the preparations for the launch, a series of events were organized for Early contributors and supporters.
Early Contributors, investors and supporters got to collect $CREE at a substantial discount from the launch price of $0.03 with an average ROI of 300%. This is a one-time event and the following is what happens for these users.
33 days after the $CREE launch, early contributors will be able to start claiming their $CREE. This isn't a one-time deal: your $CREE will unlock progressively over a 33-day period, meaning you can claim your tokens anytime within this window. The best part? You're not limited to just claiming, buying and selling CREE, like other tokens.
You can send your $CREE to your CREE Wallet, where they can start earning you up to 8.5% APY in Rewards and bonuses. Watch out for more applications that are available.
But the benefits don't stop there. $CREE is available for purchase right now. By buying early, you can create your CREE Wallet ahead of time and start reaping the rewards. This early bird strategy could mean more rewards for you as you wait for your $CREE to unlock.
The standard practice for cliff periods for early contributors to a token launch varies but generally includes a significant period during which tokens cannot be claimed to ensure commitment to the project. Originally, a 2-year cliff was common, but this has extended to 3 years or more in recent times (See citations and references below) due to the market's volatility.
One example details a 16-month cliff period followed by 18 months of vesting, meaning no tokens are released to seed round investors for the first 16 months (See citations and references below).
Another approach includes a 1-year cliff with linear vesting over the following two years, ensuring that the founding team and early contributors remain focused on the protocol's growth and development. (See citations and references below)
Cliff vesting, as a concept, means no tokens are awarded during the cliff, which could be around 6 months, before the vesting schedule begins.
These practices ensure that early contributors are incentivized to support the project's long-term success rather than looking for short-term gains. Each project may tailor the cliff and vesting periods to their specific needs and goals.
Compared to standard practice, we've adopted a very short cliff and vesting schedule for our early contributors (~3.3% of standard vesting periods), giving them more options and choices. Our systems reward loyal long-term supporters and holders.
Use of our apps, products and services are subject to service and transaction fees. All claims when using the Claim app and contracts are subject to gas and fees. You can always check the fees during a claim and you may claim at any time.