At the end of March, there was this lock-in plan that started, where you could have locked some AIDOC tokens for up to 1 year to earn interest on your tokens. Was just wondering if anyone of you guys participated in it? And do you know if there will be another possibility to lock-in the tokens for everyone who missed the first deadline?
Unfortunately, I learned from AIDOC too late, because the hardcap was already reached. Had I already had tokens in March, then I would probably have chosen this option to lock the tokens for 1 year. But honestly, I only learned about it from your posting :-)
Yeah me too, the only thing is I don't understand is why AIDOC only did the lock-in plan in March and why people can't join in after the lock-in date?
I guess from an administrative point of view having one entry point each year is easier to manage but it really limits the amount of people that lock in their tokens, which is detrimental to AIDOC because they want people to do the lock in as it is beneficial to them.
They could have just said the lock-in plan will start from this date, if someone joins in later then they will receive less tokens/interest than the people that started, this makes more sense to me and I really think AIDOC messed up a little bit on this.
Like you said it will be difficult to manage and the process will be tedious if they do it that way and to be honest a program like that need to be carried out once a year since those participating are going to receive their rewards after a year.
That would make sense given the rewards are to be distributed a year later. Just to fully grasp this; when you lock-in token and basically can't trade them what guarantees do you have about the bonus?
Well I would have thought that's pretty obvious from the name of the program... it's a lock-in plan, that means token holders with over 10,000 tokens had the option in March to lock their tokens for 3 months, 6 months or 1 year. The token holders then received interest on their tokens which is paid in the form of AIDOC tokens.
It's like a long term savings deposit account but with a lot higher interest than fiat deposit accounts. You can't touch these tokens until the lock-in plan you selected has ended.
If you take the time to actually look at the website, you will see this for yourself.
That's a cool plan that will invariably lead to a boost in the value of the token, the price is still doing pretty decent on coinmarketcap, giving preferences on the duration is also cool, this will inculcate the spirit of hodl in the community, i must commend their team on putting this as part of their plan
