Matic may offer investors the option to redeem locked tokens for cash at a unit price of $0.7.
Matic may allow investors to redeem locked tokens for cash at $0.7 per unit.
Twitter user @0xSisyphus posted a tweet stating that “Matic allegedly offered many investors the option to redeem their locked tokens for cash at a price of $0.7 per token when the token price falls below that level.” 0xSisyphus also inquired about how the mechanism works. DeFi podcast MarketCapping host @SmallCapScience replied to the tweet and attached relevant terms, which show that the minimum purchase position is $50,000 and the maximum is $200,000. 50% of the tokens will be unlocked after 12 months from the effective date; 25% of the tokens will be unlocked after 18 months from the effective date; and 25% of the tokens will be unlocked after 24 months from the effective date. All tokens will be delivered to the buyer within 24 months after the effective date.
The buyer can purchase MATIC at a weighted average price for 14 days, with a lock-up period of 2 years and an unlocking period of 1 year. In the transaction, the buyer has protection against token price drops. If the token price drops after a year, the buyer can choose to withdraw cash.