In case you missed it, check out this important update from DAV (re-post)-
An Update from the DAV Foundation
We have been receiving questions from the DAV community regarding the DAV sale:
1. Can DAV tokens still be purchased?
2. How many tokens were burned?
3. What is the new total supply?
Answers
1. We are not selling any more tokens.
2. All unsold tokens were burned - 559,922,397 DAV in total (Link -
https://etherscan.io/tx/0x00d059698c70f596f51d1bf47a631a510aeb2bdebe1671681e4eb985147aa6e6)
3. The new total supply is 1,380,276,937 DAV (Link -
https://etherscan.io/token/0xd82df0abd3f51425eb15ef7580fda55727875f14)
Sale Breakdown
Total Tokens sold (presale): 506,993,874 DAV
Total Sold (Main Sale): 45,116,901 DAV
Total Sold: 552,110,775 DAV (40%)
Total Supply: 1,380,276,937 DAV (100%)
To fulfill our promise we have maintained the proportions outlined in the sale terms, and specifically that the total number of sold tokens constitutes 40% of the total supply.
Timing of DAV unlock
DAV tokens are still “paused” which means that they cannot be transferred while in this state. One important thing to understand about the DAV token and platform, is that they are designed for maximum decentralization. A key difference between DAV and many other tokens is that once the sale has been finalized, the DAV Foundation doesn’t have the ability to lock and unlock the tokens, and thus the entire DAV token economy. The locking mechanism was introduced only for the duration of the sale and few subsequent weeks. It is technically impossible to lock the tokens again after a certain command has been executed.
Because unpausing is ultimately irreversible, we are being particularly diligent with the timing of unlocking DAV tokens, including evaluating community feedback and working through other business and regulatory concerns. We are carefully assessing on a daily basis the appropriate time to unlock the tokens. We will announce the exact date and time once they have been determined.
Summary
We are proud to have conducted what we feel was one of the most rigorous token sales in the crypto space, working to meet our commitments to the community. To DAV’s benefit we listened to you and engaged where we could, and we plan to continue this practice moving forward. We believe this approach is what sets us apart, and what will help drive the growth and success of DAV and the DAV community in the long term.
Thank you for beginning this journey with us. We are committed to proving every day that we are worthy of your trust.
The DAV Foundation
