Dear HSN Users,
During the Angle Round, 150 million HSN tokens were released. The initial plan was to unlock these HSN in three phases (20%, 40%, 40%) within one year after the project was launched. The first 30 million of them were already unlocked on June 20, 2019. The second and third phase will release 60 million.
After consultation with HSN's investment institutions that joined the Angel round, HSN Foundation is collaborating with Gloriosa Capital and BAF Capital to repurchase and destroy part of the second phase of the Angel Round tokens, equaling 60 million HSN tokens. 20 million HSNs have been done already and these HSNs have been transferred to the token burn address.
Now HSN officially announces that the remaining 40 million HSN have been repurchased from the primary market and transferred to the token burn address:
All the 60 million HSN tokens of the second phase from the Angel round have now been repurchased and transferred to the token burn address. As for another 60 million HSN released in the third phase, please stay tuned for the official notice from HSN.
Thank you very much for your support.
September 6, 2019