Yes, but its locked. And the 66% is based on maintaining a $0.0264 price by that unlock date in 3 years. Harmony only has 3 years of runway and everyone will know of this unlock so there’s legtimate headwinds. Stephens Proposal will pay ONE monthly starting now so while users still have exposure to ONE’s price, its not at the end of the 3 year runway with potentially billions unlocking on the same day for a rush to the exit to maintain this 66% parity. Its a misleading figure.
Does this $1,000 per wallet redemption limit include people who never got hacked but go now and buy 1,000 1USDC at $0.09, exchange it for approximately $300 in rONE and then redeem for $150 in ONE. That would net them a profit of almost 60% and they were never hacked, giving at least some of the amount of this $3M exit liquidity to profiteers and not victims.
Why burn this and not add it to victim’s reimbursement amounts at the end? Is that possible? Burning seems to be a complete waste of money although does reduce inflation.
33% of what? rONE’s market price in the liquidity pool?
Also, where does this $3M come from? So in addition to grants, governance, exit liquidity, this is sounding more like a $4-5M up-front ask?
Thank you, I feel most if not all my questions have been answered which I appreciate.