XCAD’s private sale distribution has been a point of contention since TGE: large unlocks created significant pressure on the secondary market. As such, we migrated its unlock schedule to a ‘gradual’ release for the remainder of its private sale vesting.

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Around 62% of the Private Sale tokens have been unlocked so far.

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Now with the market in a downtrend, volumes are lower on altcoins, unlocks remain the same, most of the pressure on the secondary market is currently from presale investors.

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A few community members, partners & advisors have suggested we extend vesting further.. They propose we extend vesting for a further year, while keeping it daily, reducing inflation of the XCAD token. Emissions were around 48k a day, this is now looking to be around 20k XCAD. You may have seen a lot of projects adjust their inflation due to the current market conditions. Although the team is not enforcing this action, we ask the community to vote on the below proposal:

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The vote will run for 3 days starting May 9th 4pm UTC & will end on May 19th at 4pm UTC. If the proposal passes its expected for the claim portal to be down for up to 24hrs while we implement these changes.

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**Current Vesting & Burn:**

**Gate IO Start Up-** 20% TGE, 20% Every Quarter

**KuCoin Burning Drop-** 20% TGE, 20% Every Quarter

**Pre Seed-** 0% TGE, 6 Month Cliff, then daily until February 2023

**Private Sale-** 20% TGE, 20% After 3 months, then daily until February 2023

**Advisor Tokens-** 12.5% 12 Months after TGE, then 12.5% every 3 months

**Team Tokens-** 2 Year Lock, then 25% every 3 months

**Early Unlock-** 75% Burn

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**New Proposed Vesting:**

**Gate IO Start Up-** Final 20% this quarter. (This is extremely widely distributed and impossible for exchanges to do daily vesting so will remain the same)

**KuCoin Burning Drop-** Final 20% this quarter.. (This is extremely widely distributed and impossible for exchanges to do daily vesting so will remain the same)

**Pre Seed-** Remaining unlocked daily until February 2024 (+1 Year)

**Private Sale-** Remaining 38% unlocked daily until February 2024 (+1 Year)

**Advisor Tokens-** \+ 6 Months extra cliff, then daily over 450 days, ending Feb 2024

**Team Tokens-** 2 Year Lock, then daily over 730 days, ending May 2025

**Early Unlock-** 59.5% Burn

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Please note the new vesting will come into place on May 19th if voted in. **ALL tokens up to the 19th of May will be claimable, regardless if you have claimed so far or not.** **Only future tokens after the change will be impacted** (The final 38% or so).

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On Top of this, the XCAD team has also refunded certain parties who have not added the value they stated they would add to the project. Reducing incoming supply & inflation even further.