Announcement about team tokens lock

Hello guys,
These days we receive a lot of information requests about the lock of team tokens. We would like to clarify our position about it.
When people research crypto projects they often pay attention to vesting. The main goal of vesting is to limit the ability of team members to sell their tokens during the time. In the article, we want to describe why vesting is not applicable to Unit protocol.
This practice existed before, but especially became very popular during the recent IEO boom when initial circulation was artificially limited because exchanges commonly use the pump and dump schemes to attract the users and incentives the demand for their tokens. Most of the time projects had low quality, so the only reason why their tokens could not be dumped instantly was vesting. Since the tokens became eventually unlocked they were instantly dumped because there is no internal value and team members understand it. It is reasonable to consider a huge amount of vested tokens as a source of the risk because the reason why the tokens can't be dumped is just that they are locked, not because the team actually believes in their own project and don't want to sell it.

The Unit protocol started from the wide community lockdrop and so far didn't attract any side funding at all. The core team has absolutely no salary and work on enthusiasm and vision because actually we are the first customers of our own project by ourselves. We are someone who is interested to use tokens in their diversified portfolio as collateral and get stablecoin liquidity for it. More than we invest our own money for project development and any project needs. Therefore we have significant "skin in a game" and very interested to make everything possible to make the project successful.
Unfortunately, project development and hiring of additional very talented people is not always a free process. To speed up our progress we will need some additional funding sources, so for the upcoming month, we consider attracting $300-600k of additional capital, but only from investors who actually can bring value for the project. The funding will be extremely beneficial for Unit protocol and as a consequence for all token holders.

Conclusion:
We understand the concerns of our community and we are really thankful for everyone's support and help. We understand if you are not comfortable to be a part of the Unit protocol community at the moment. With the article, we just want to notice that the Unit protocol team has a strong focus on project development, and there is no contradiction with the Unit protocol's long-term success. It can be proved with our dedicated approach and our actions. We face many difficulties on a daily basis and working hard to deliver reliable products. Thank you for your support.

For any requests or questions, you can use the official channel of communication: hello@unit.xyz