Important update

This is an important update on PearZap and especially on what to expect when the 50% harvest lock comes to an end.

PearZap had an amazing launch thanks to the Koalas from KoalaDeFi on the 20th of July. Price struggled a bit at first but once we got our marketing going the price of $PEAR started to go up. At the time of writing this, $PEAR is at a stunning x4 since launch.

The burn mechanisms coded by our devs is doing even better than we thought it would, on top of that we already did 3 manual burns in which we burned 192k $PEAR.

On to the highlight of this article: the harvest locker

To prevent dumps in our first 3 weeks we released a feature on our pools/farms. This feature is locking 50% of each harvest. When somebody harvests his/her $PEAR for the first 21 days after launch.

What happens with the 50% locked tokens?

50% of the harvested tokens go into people their own locker and the other 50% will be available for them immediately. After 21 days the locker will gradually release all locked tokens back to the rightful owner over a period of 7 weeks. This means that not all the tokens are released instantly. We chose to release the tokens over a period of 7 weeks so no dump would occur from releasing the locked tokens.

We noticed there was some fear on this matter, so we decided to clarify this in a medium article.

Summarized:

• We had an amazing launch with Koala Defi
• The Project is doing even better than was expected up front
• ❗️NO dump will occur from releasing tokens from the locker after 21 days from launch, because we are releasing the tokens gradually to their rightful owners over a period of 7 weeks❗️