After reading the Tomochain FAQ (forum.tomochain.com
Question: "Richard had a clear plan for Lition tokens burn reducing the supply to 100.5 Million over the next years. Will the schedule stay the same or it will change?"
Answer: "Regarding all the ongoing token-related plans (such as liquidity program/ token burning schedule/bridge) started by Lition Technology AG, TomoChain Pte. Ltd. wasn’t involved in designing/developing any of those and don’t control the security and movements of any wallets in 6 months since the Closing Date of the Acquisition according to the Acquisition Agreement. Therefore, whether and how all these token-related plans will continue are up to Lition Technology AG."
This was a concerning update, so here are the questions I have officially asked the team for clarification on:
1. In February, 2020 (this year) it was communicated to the community by the Lition team that 70% of ecosystem token unlocks would be burned until the last vest (April 15, 2021). Are all ecosystem 70% token burns going to continue after the Tomochain purchase (this includes the October unlock)?
2. When is the official "closing date of the acquisition"?
3. What is going to happen to the ~7 million "community" tokens that vest between October 2020 (already vested) to July 2021 (unlocks are October, January, April, and July)? How will they be used and does Tomochain have ownership of them?
4. What is going to happen to the ~3 million "team" tokens that vest in April 1, 2021? How will they be used and does Tomochain have ownership of them?
5. Could Tomochain provide clarification on how many tokens were involved in the "treasury" purchase for Tomo if the token unlocks for the next 6 months were not included?