Yes. The founders have instituted a responsible hbar sales plan designed to avoid (a) unfairly benefiting or the appearance of unfairly benefitting from their access to information that may not be broadly known and (b) disrupting public markets. The plan includes the following limitations:
- Each day beginning at 00:00 UTC, the founders will not sell more than 0.125% of the trailing 30-day average daily trading volume of hbar in USD according to coinmarketcap.com. If the average daily trading volume exceeds $50 million USD, this limit will be increased to 0.2%.
- The founders will not sell any hbars in an appreciably declining market, defined as a 15% decrease in the market price of hbars in USD over the previous 7 days according to coinmarketcap.com.
- The founders will only sell hbars they have held for at least one year.
- The founders will sell no more than 24% of their total, after-tax allocations before August 2023, with no sales in the first half of 2022.