December 19, 2024
Ensuring Long-Term Trust and Financial Integrity
At nuco.cloud, transparency and investor confidence are at the core of everything we do. As part of our ongoing commitment to these principles, we are pleased to announce that 10 million $NCDT from our company reserves will be securely locked in a 6-month vesting contract starting in January 2025. This process will be carried out in partnership with a BaFin-licensed custodian — the same trusted custodian we’ve used in the past.
What Does This Mean for $NCDT Holders?
The locked tokens will be completely inaccessible for any form of selling, transferring, or spending for the duration of the 6-month period. This guarantees that the token supply remains stable, aligning with our long-term strategy to build trust and maintain transparency within the community.
What is BaFin?
BaFin (Federal Financial Supervisory Authority) is Germany’s leading regulatory body for financial markets, ensuring the highest standards of security and regulatory compliance. By locking our $NCDT tokens with a BaFin-licensed custodian, we are reinforcing our commitment to legal compliance, investor protection, and financial integrity. You can read more about BaFin here.
Why Are We Doing This?
Locking 10 million $NCDT sends a clear message to our community, partners, and investors:
This initiative further supports the health of the nuco.cloud ecosystem and strengthens our position as a trusted player in the blockchain and cloud computing space.
Looking Ahead
We believe that integrity and transparency are essential to building a successful decentralized project. Locking a substantial portion of our $NCDT reserves is one more way we are prioritizing the health and stability of the nuco.cloud economy.
Stay connected for more updates as we continue to roll out initiatives that support long-term growth and utility for $NCDT.
