Use Restriction. The Tokens delivered pursuant to this DDA are subject to the Use Restriction until such Tokens have unlocked. The unlocking commencement date of the Tokens will be the date of the Token Distribution Event. The unlocking schedule for the Tokens will be that 1/24th of the Tokens will unlock upon the Token Distribution Event, and an additional 1/24th of the Tokens will unlock upon the completion of each 4,320 additional blockchain blocks on the Blockstack Network after the Token Distribution Event.
Appears in 8 contracts
Sources: Purchase Agreement (Blockstack Inc.), Purchase Agreement (Blockstack Inc.), Purchase Agreement (Blockstack Token LLC)