Legend of Fantasy War Reschedules Vesting Period of LFW Tokens

Jan 27, 2022

Since the successful launch of the Legend of Fantasy War, the project has gained a very strong support from Community and Backers. We are now a member of the HECO Master Builder Review Committee, which is about to further engage in this project. At the same time, we are also planning to join the Binance MVBIV program. After three months after the IDO in October 2021, we delivered NFT marketplace, beta version of the Legend of Fantasy War and more importantly we received thousands of positive feedback from the community about the game. Now, it is the right time to speed up, all Backers VCs and KOLs strongly support LFW in terms of token performance. It would help to acquire lots more players, token holders and NFT holders and to prepare the new exciting projects. Therefore, this time vesting schedule change also relates to the upcoming project’s plan.

What is vesting?

Vesting is the process of locking and releasing tokens after a given time. Vested tokens owners usually are team members, partners, VCs, those who are parts in the development process of the project, as well as users who participate in project’s private and public sales before they went on general sale. There will be tokens that are locked and gradually released over the vesting period, sometimes once a month, once a week, or even daily as the project progresses.

LFW Token Vesting Schedule Changes

As project’s VCs facilitate LFW for its participation in the HECO Master Builder project and Binance MVB IV program as well as helping to relieve the selling pressure and token price is impacted as little as possible. Two options were given to VCs, either receive one time 40% (the rest will redistribute to the other VCs and Community) or reschedule vesting period. All of our VCs, Backers agreed to reschedule vesting periods. The vesting schedule for VCs are extended as follow:

Old: 5% at TGE, and then 3-month locked then 12 month linear vesting

New: 5% at TGE, and then 6-month locked then 12 months vesting as detailed below. The new vesting schedule for VCs (95%, equivalent to 19M LFW tokens) detail as follow:

April 28th, 2022 for 30%

July 28th, 2022 for 20%

October 28th, 2022 for 30%

January 28th, 2023 for 10%

April 28th, 2023 for 5%

New vesting schedule will be applied once this announcement is published.

LFW is aimed to be a sustainable and longevity project, so this will be an important decision to its development. This extension showcases the trust that VCs provide on our project. Also, we committed to be transparent to the community, so please account for this change and continue to support us!

About Legend of Fantasy War

Legend of Fantasy War is a unique 3D turn-based role-playing online blockchain game. By blockchainizing in-game items, the game provides players ownership of in-game items by owning so-called Non-Fungible Token (NFT). With an engaging storyline, players can both entertain themselves and collect valuable items, even increase the value of items while playing games solo or with others. Thanks to the blockchain of items, owners of NFTs can sell, exchange, and auction transparently on the Legend of Fantasy War NFT marketplace. One of the strengths of the game is the nature of the community. Thus, the game offers a fantastic mechanism that the player and their friends can enjoy the rewards together forever. In short, the game is easy to play and collect valuable items.

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