QTC Foundation Extends The QTC Coin Lock-Up Period

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QTC Foundation Extends The QTC Coin Lock-Up Period

January 11, 2024
Qitchain Network
Announcement

QTC Foundation Extends The QTC Coin Lock-Up Period

The QTC Community,

We are thrilled to announce a significant development in the journey of Qitchain and QTC crypto coin. At QTC Foundation, we are committed to fostering the growth and decentralization of the Qitchain ecosystem. Today, we are pleased to share a key decision that aligns with our long-term vision.

Lock-Up Period Extension

The QTC Foundation holds a substantial QTC reserve across multiple addresses in the network, including:

Address 01: 3DZLYt2Q1r9rFFzWk6JvLEmhdW3UTWDy2H
Address 02: 3LXyEzVNkzPuPNUReQ2Mckw2M61iUCXrCc
Address 03: 38qWGgCGdjBbzzgXD8GbyVmZKbKGLQJ53h
Address 04: 3BrvBGevoP2aDUDHBwwK8CwsLC3kym9DyA
Address 05: 3Gs4kdi8wninjUvEcCcEA45R6tLDy9um9f
Address 06: 3PNnX8MiV4Jk4LEgT6XXbVRorAmei7U9ks

These addresses collectively hold a total of 17.5 Million QTC.

Lock-Up Extension Details

The QTC Foundation has decided to extend the lock-up period of the QTC held until January 1, 2028. During this extended period, the QTC in these addresses will not be sold to the outside world. Furthermore, the Foundation will refrain from participating in competitions for CPOC and POS within the community. This strategic move is a deliberate step towards achieving complete decentralization of QTC.

Our Commitment to Decentralization

At QTC Foundation, we believe in the power of decentralization as a cornerstone for the sustained success of QTC. This decision ensures that the QTC ecosystem remains resilient and community-driven. The extended lock-up period signals our dedication to the collective growth of QTC, fostering a transparent and trust-based relationship with our community.

We invite you to join us in this exciting chapter for Qitchain and QTC. Together, we are building a decentralized future that empowers every participant in the QTC ecosystem.

Thank you for your continued support.

Sincerely,

The QTC Foundation

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