Now that the Patron NFT Sale has concluded, below are the terms to help you understand the timeline of when your Patron NFTs will become unlocked (liquid).
What is the Patron Token Distribution?
Patron Token Distribution shall mean the date that Tokens are first distributed to Purchasers’ digital asset wallets, or a Vesting Contract linked to the Purchasers’ digital asset wallets.
What is the Patron Launch Event?
The Patron Launch Event will occur on Monday October 28th, at 11:00 UTC. This is the official date on which unlocked (liquid) Patrons become transferable.
What does "Cliff" mean?
A cliff is the period of time which must pass before a users Patron NFTs begin to vest.
What does “Vesting” mean?
Vesting describes the process of unlocking the Patron NFTs linearly, depending on the lock up option purchased. Due to the indivisibility of NFTs, the linear unlock will work in a manner where a locked purchaser can only withdraw their NFT from the lockup contract once an entire unit is unlocked.
What happens if I purchased the 'Linear' Option?
Linear Patron NFTs will begin to vest immediately after the Token Distribution Event and will fully unlock after 12 months.
For example:
If a user purchased 10 linear Patrons, they would unlock 1 Patron NFT every 36.5 days after the Token Distribution Event date, thus unlocking all 10 NFTs after 365 days have passed.
If a user purchased 1 linear Patron, they would unlock this Patron NFT after 365 days.
What happens if I purchased the 'Locked' Option?
Locked Patron NFTs have a 12 month cliff and a longer vesting period of 24 months. This means that a purchase of Locked Patron NFTs will fully unlock after 36 months (12 month cliff + 24 month vesting).
For example:
If a user purchased 10 locked Patrons, they would unlock 1 Patron NFT every 73 days after 12 months from the Token Distribution Event date has passed. Thus, they would unlock all 10 NFTs after 1095 days.
If a user purchased 1 locked Patron, they would unlock this Patron NFT after 1095 days.
What network are the Patron NFTs on?
The Patron NFT will be minted on Ethereum Mainnet.
What is the contract address for Patron NFTs?
The contract address for Patron NFTs is: 0xB5AF0C7f3885c1007e6699c357566610291585Cb
Where can I buy a Patron NFT?
Patrons can be purchased on secondary marketplaces like OpenSea, Blur, and Magic Eden. You can find the official links in the Infinex app under the 'My Patrons' section. We advise you to conduct your own research.
If you have any queries, please reach out via opening a ticket through our support website, where our friendly support team will assist you.