QuarkChain Mainnet has recently opened the transaction function. The whole project is progressing smoothly and the team is consistently working on building more innovative features.
To show the long-term faith of the project and enhance the confidence of the community, QuarkChain team and foundation decided to launch an up to $25 million USD equivalent QKC buyback program. Meanwhile, we will postpone the unlock time of 1 billion QKC (belong to the team and the foundation) until June 2020. The details of this plan are given as follows:
I: $25 Million USD Equivalent QKC Buyback Program
From the announcement date, QuarkChain will buy back at least $1 million QKC from the secondary market in the coming week. Depending on the condition of the future market, up to $25 million equivalent QKC will be bought back within the next year for the purpose of ecosystem and community building.
II: 1 Billion QKC Extended Lockup
The team and the foundation will postpone the unlock period for 1 billion QKC until June 2020.