This statement is subject to live updates, and as issues are resolved will be updated to reflect these.
Today did not go as we had planned. First and foremost, we must hold our hands up and apologise to everyone who bought into the vision of ZAP. In the build up to the TGE, everything was going to plan and we remain 100% committed to total transparency and execution of our vision for the web3 space.
We have put together a post-mortem to help visualise what has happened and where we failed to deliver. It is important to understand that at no point was any of this malicious or intentional. That being said, we understand the disappointment and frustration this has caused our community.
ZAP continues to work with its partners to resolve this issue and bring the price back to expected levels to satisfy our Vault Holders and wider community.
We are 100% committed to resolving this issue as quickly and professionally as possible, but in the meantime please read below the post-mortem on the internal setup leading up to TGE, as we had and continue to put best practices in place.
The Tokenomics were public for you all to see. All allocations and vesting schedules are public and on-chain for everyone to see, and we will continue to execute these according to how they are publicly released.
Below is a directory of our wallets (multisigs) and the lockers their respective Vesting schedules. All schedules that require a locker were set up using Sablier, an industry-leading vesting platform to ensure that our tokens are locked in a decentralised manner and only accessible to the team, investors, advisors etc upon the vesting parameters being met.