Why is the lockup period important in the cryptocurrency industry?

1 answers

• Mar 15, 2022 · 3 years ago
  In the case of BYDFi, the lockup period is an important aspect of our token distribution strategy. It ensures that our early investors and team members are aligned with the long-term vision of the project and are committed to its success. By having a lockup period, it helps to create a more stable trading environment for our token and reduces the risk of price manipulation. It also gives our investors confidence that the team is not going to dump their tokens immediately after listing, which can be a concern in the cryptocurrency industry. Overall, the lockup period plays a crucial role in maintaining market stability and fostering trust among investors.
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