Ares Protocol’s Third Batch of Private Placement Unlock Announcement
According to the Ares Protocol economic model, a total of 9.5% of Ares tokens are used in private rounds (i.e., 95 million Ares are sold in private rounds).It will be unlocked every three months after ARES’ initial launch date of April 30, 2021.
ARES unlocked the first batch of private tokens on April 30, 2021 and the second batch on July 30, 2021. ARES’ third private unlocking and community round release will take place before 24:00 (SGT) on October 30, 2021.
In this regard, the community has given a risk warning: digital assets are a high-risk investment method, and investors should enhance their risk awareness and establish a rational investment concept.
Ares Protocol is a decentralized cross-chain oracle platform, which truly implements a new generation of cross-chain oracle service protocol for on-chain data validation, and is the first to open up a compensation channel for data users when they suffer business losses due to the use of oracle data.
Ares Protocol is developed based on the Substrate framework, is a random security oracle solution that supports hybrid Babe and off-chain workers. It integrates Polkadot’s latest on-chain governance, brings the Optimistic Rollup challenge model into the oracle field, supports the Ink contract ecosystem, and brings DeFi developers better oracle services.
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