Question

What is a token lockup period?

Answer 1

A token lockup period refers to a specific duration during which tokens acquired through a token sale, initial coin offering (ICO), or other means are restricted from being sold, transferred, or exchanged. This lockup period is typically imposed to prevent immediate dumping of tokens on the market and to promote stability and trust within the token ecosystem.

Answer 2

A token lockup period refers to a specific timeframe during which purchased tokens or coins cannot be sold, transferred, or traded. This measure is often put in place by projects or companies to prevent early investors or team members from immediately selling their tokens upon receiving them, thereby promoting long-term commitment and stability within the project's ecosystem.