Lockup Schedule Proposal
The current lockup schedule begins unlocking BOSS tokens in April 2022 and unlocks the tokens linearly over 5 years (until approximately March 2027). In the Boss Swap contracts, we have built in NFT support to unlock tokens at a faster rate. By redeeming a NFT, users can receive their unlocked rewards over an estimated 2.5 years, in lieu of 5 years. Unfortunately, this mechanism cannot be altered and it is by blocks (39420000 blocks to be precise).
This proposal would favor NFT holders significantly more. The base lockup schedule for tokens would be 3.5 years (April 2022 until October 2025). Users who redeem the NFT will receive their lock up rewards over 1 year (April 2022 until March 2023).
Pros: Less lockup for everyone. More incentives for acquiring the rare NFT. With a more moderate locking system, Boss Swap might be more appealing to new investors.
Cons: In the current setup (5 year lockup, 2.5 with NFT), users with the NFT have x2 faster rewards but users under the new system would have a much bigger advantage. There could be extra sell pressure over a shorter time period under the new system.