CNN Token Lockup Official Announcement
In order to increase community confidence and transparency, CNN Blockchain team decides to conduct token lockup plan as following
- 20 Billion CNN token for D-Run Foundation Reserve will be locked up until public chain is released.
Lockup address: 0x518163185F8f9a0d4703FdF633cEFe7646Abf4EB
- 20 Billion CNN token for the team, among which 5 billion will be reserved as talent foundation. The rest 15 billion will be released in 25 months, 1/25 of which will be distributed to the team monthly. Currently, approximately 600 million have been distributed for the first month.
Lockup address: 0x9839c91B3B5256E1c4D12C558910627237E00162
- 15 Billion CNN token for current investors and advisors. The token shall be released in 25 months, 1/25 of which will be distributed to the team monthly. Currently, approximately 2.4 billion have been released for the past four month.
Lockup address: 0xF16e9b40569606607768ce325eaf3e140B531344
Content Neutrality Network (CNN) is an innovative content ecosystem based on Blockchain technology. It solves various issues existing in current content system through blockchain’s advanced features such as consensus mechanism and smart contract, aiming to create a more open, efficient and trustworthy content era. CNN Platform has built strategic partnership with NewsDog, the NO.1 news app in India to create a new chapter in India and global content market.
CNN platform proposes numerous innovative mechanisms based on blockchain technology such as Content Circulation Mechanism (CCM) based on the tamper-proof feature of blockchain, Contribution Based Revenue Share (CBRS) mechanism based on ZhangRank which is proposed by Professor Shoucheng Zhang as well as decentralized user acquisition and incentive plan. These mechanisms help break the barrier between content communities, facilitate the fairness of revenue share and improve the effectiveness of user acquisition and incentive program.
CNN team extends sincere gratitude to our worldwide supporters. We hope this token lockup announcement not only can help to further protect the interests of our investors and maintain market stability, but also unite CNN Blockchain team, global community and strategic partners to jointly stimulate the development of the whole project.