468,270,545 ERC Saito have been moved from the Seed and Private Round Vault for distribution to Investors. We are glad to get these tokens to our supporters and thank them for their continued contribution to Saito.
Not all funds will be vested immediately. We would kindly remind anyone who has been sent and has yet to respond to a conversion request or confirmation emails that our Terms and Conditions require active response and that distribution may be delayed. We plan to process late responses on a weekly or bi-weekly basis to prevent late submissions from creating an unnecessary processing burden on our admin.
No SAITO have been distributed for other reasons since our previous update.
Vesting disbursements resulted in an 28% increase in resulting supply.
This represents the last substantive distribution of ERC20 tokens under the vesting program.
We hope to provide a ‘year in review’ update on finances and tokenomics in the coming weeks via our blog.