Dear Waves community,

as you probably know, the official snapshot period for the upcoming Vostok token airdrop is now over. Every account that held Waves and/or WCT during the snapshot period will receive a distribution of VST tokens according to the statistics available at https://vostok.wavesplatform.com.

Over the past two months we have been working on the legal aspects of the VST token sale, preparing for the second round of private investment and the public offering. The second round is now taking place, while the public phase has been scheduled for Summer 2019. 10% of Vostok tokens will be sold on the open market. Waves DEX will be the main platform for token distribution.

Improving distribution

We would like to use the months before network launch to make the future distribution of VST token as wide as possible. Proof of stake systems should have as many stakeholders and as broad a distribution as possible, to ensure the stability and robustness of the network. We will therefore distribute an additional 1% of VST tokens to Waves accounts that hold WAVES and WCT from 1 April to 31 May. The criteria will be exactly the same as for the previous phase. However, in order to be eligible for these additional tokens, users will need to verify they control that account by signing in using Waves Keeper on a special page, that will be available shortly. Verification can take place at any point in this phase, between 1 April and 31. Verification is not required for your original allocation of VST from the first snapshot phase (1 February to 1 April). Addresses that are not verified using this page will simply receive the amount of VST they were due for the first phase of the airdrop.

The airdrop itself will take place directly after the new snapshot period is over, with one airdrop distributing tokens for both phases. Soon after this the VST token will be available for trading.

We are also happy to announce the finalisation of our Vostok network launch roadmap. The Vostok project is an integral part of the Waves ecosystem, and the updated roadmap both maximises the benefits for the Waves community and prepares for a smooth Vostok network launch. Thank you for your trust and ongoing support!

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