Important Announcement for All GURU Holders.

08 Apr 2022, 19:14

Important Announcement for All GURU Holders! The Tangible launch is set for May 2nd and will be accompanied by an ILO (Initial Locked Offering) in tandem with our partnering launch pads a few days before launch. (Soon to be announced) On launch day, and going forward until every TNGBL token is claimed, or until max supply has been reached (we estimate ~18 months), GURU will be eligible for transfer to TNGBL at a 1:1 ratio for a minimum lock period of 2 years and a maximum lock period of 4 years. These token positions will be held as 3,3+ NFT positions and are openly tradable on the Tangible 3,3+ NFT marketplace. There will be a page to transfer both GURU and passive income NFTs into TNGBL tokens with your choice of a lock period, where the time frame of the lock will determine your token multiplier. Multipliers will range from 12.5x - 25x on Day 1, reducing from there based on the multiplier schedule outlined in the 3,3+ Medium article. The lock period on TNGBL tokens assures that the tokenomic design and ILO model effectively accomplishes the goals of aligning VC, team, and retail incentives, preventing the systemic “dumping” on retail as seen in so many other projects. All of the aforementioned groups will be required to lock their tokens for the 4 year max. Guru token holders are receiving special considerations for being long-term project participants. They’ll have the unique option to lock at the ILO price for a minimum of 2 years. They’ll also receive their max multiplier at the price of a single token, where ILO participants are paying for their total token supply post-multiplier. Anyone that would not like to opt in for the transfer from GURU to TNGBL tokens in this manner will be entitled to selling their tokens back to the protocol at the last listed price $1.50 a few days after launch. This option will no longer be available roughly 3 months after launch. If you have any questions do not hesitate to ask.