HBAR Distribution Report -- Q3 (Jul, Aug, Sep) 2022
The HBAR Distribution Report is now released on a quarterly basis, as outlined in the Treasury Management Report and its associated blog posting.
Scheduled hbar distributions per the following groups during Q3 (Jul, Aug, Sep) 2022:
|
Q3 2022 (Escrow - TPA) |
Q3 2022 Bonus Allocation*** |
Q3 2022 Regular Allocation |
Q3 2022 Employees / Advisors |
Total |
SAFT 1* |
- |
~30,000 |
~298,850,000 |
- |
~298,880,000 |
SAFT 2 |
- |
~1,176,000 |
~207,150,000 |
- |
~208,326,000 |
SAFT 3A |
- |
~25,671,000 |
- |
- |
~25,671,000 |
SAFT 3B** |
- |
~8,088,000 |
~39,860,000 |
- |
~47,948,000 |
Advisors / Vendors / Other |
- |
- |
- |
~11,600,000 |
~11,600,000 |
Senior Advisors |
- |
- |
- |
- |
- |
Employees / Contractors |
- |
- |
- |
~158,841,000 |
~158,841,000 |
TPA |
~142,727,711 |
- |
- |
- |
~142,727,711 |
Total |
~142,727,711 | ~34,965,000 | ~545,860,000 | ~170,441,000 | ~893,993,711 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution for Q1 2022 is for ~298,890,000 hbars (this does not include the bonus allocation).
** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2022, the two-year anniversary of the initial distribution to SAFT 3B holders.
*** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- Q2 (Apr, May, Jun) 2022
The HBAR Distribution Report is now released on a quarterly basis, as outlined in the Treasury Management Report and its associated blog posting.
Scheduled hbar distributions per the following groups during Q2 (Apr, May, Jun) 2022:
|
Q2 2022 (Escrow - TPA) |
Q2 2022 Bonus Allocation*** |
Q2 2022 Regular Allocation |
Q2 2022 Employees / Advisors |
Total |
SAFT 1* |
- |
- |
~298,850,000 |
- |
~298,850,000 |
SAFT 2 |
- |
~18,000 |
~207,150,000 |
- |
~207,168,000 |
SAFT 3A |
- |
~401,000 |
- |
- |
~401,000 |
SAFT 3B** |
- |
~126,000 |
- |
- |
~126,000 |
Advisors / Vendors / Other |
- |
- |
- |
~8,900,000 |
~8,900,000 |
Senior Advisors |
- |
- |
- |
- |
- |
Employees / Contractors |
- |
- |
- |
~188,757,000 |
~188,757,000 |
TPA |
~64,673,000 |
- |
- |
- |
~64,673,000 |
Total |
~64,673,000 | ~545,000 | ~506,000,000 | ~197,657,000 | ~768,875,000 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution for Q1 2022 is for ~298,890,000 hbars (this does not include the bonus allocation).
** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2022, the two-year anniversary of the initial distribution to SAFT 3B holders.
*** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- Q1 (Jan, Feb, Mar) 2022
The HBAR Distribution Report is now released on a quarterly basis, as outlined in the Treasury Management Report and its associated blog posting.
Scheduled hbar distributions per the following groups during Q1 (Jan, Feb, Mar) 2022:
|
Q1 2022 (Escrow - TPA) |
Q1 2022 Bonus Allocation*** |
Q1 2022 Regular Allocation |
Q1 2022 Employees / Advisors |
Total |
SAFT 1* |
- |
~17,000 |
~298,890,000 |
- |
~298,907,000 |
SAFT 2 |
- |
~677,000 |
~207,150,000 |
- |
~207,827,000 |
SAFT 3A |
- |
~14,773,000 |
- |
- |
~14,773,000 |
SAFT 3B** |
- |
~4,655,000 |
- |
- |
~4,655,000 |
Advisors / Vendors / Other |
- |
- |
- |
~11,800,000 |
~11,800,000 |
Senior Advisors |
- |
- |
- |
- |
- |
Employees / Contractors |
- |
- |
- |
~220,846,000 |
~220,846,000 |
TPA |
~50,916,000 |
- |
- |
- |
~50,916,000 |
Total |
~50,916,000 | ~20,122,000 | ~506,040,000 | ~232,040,000 | ~809,724,000 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution for Q1 2022 is for ~298,890,000 hbars (this does not include the bonus allocation).
** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2022, the two-year anniversary of the initial distribution to SAFT 3B holders.
*** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- Q4 (Oct, Nov, Dec) 2021
The HBAR Distribution Report is now released on a quarterly basis, as outlined in the Treasury Management Report and its associated blog posting.
Scheduled hbar distributions per the following groups during Q4 (Oct, Nov, Dec) 2021:
|
Q3 2021 (Immutable TPA - 9/22) |
Q4 2021 Bonus Allocation*** |
Q4 2021 Regular Allocation |
Q4 2021 Employees / Advisors |
Total |
SAFT 1* |
- |
~46,000 |
~298,890,000 |
- |
~298,936,000 |
SAFT 2 |
- |
~1,795,000 |
~207,150,000 |
- |
~208,945,000 |
SAFT 3A |
- |
~39,187,000 |
- |
- |
~39,187,000 |
SAFT 3B** |
- |
~12,348,000 |
- |
- |
~12,348,000 |
Advisors / Vendors / Other |
- |
- |
- |
~9,600,000 |
~9,600,000 |
Senior Advisors |
- |
- |
- |
~8,333,000 |
~8,333,000 |
Employees / Contractors |
- |
- |
- |
~284,588,000 |
~284,588,000 |
TPA |
~437,650,000 |
- |
- |
- |
~437,650,000 |
Total |
~437,650,000 | ~53,376,000 | ~506,040,000 | ~302,521,000 | ~1,299,587,000 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution for Q4 2021 is for ~298,890,000 hbars (this does not include the bonus allocation).
** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2022, the two-year anniversary of the initial distribution to SAFT 3B holders.
*** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- September 2021
Scheduled hbar distributions per the following groups during the month of September 2021:
|
9/16 |
9/22 |
9/30 |
Monthly Total |
SAFT 1* |
- |
~99,620,000 |
- |
~99,620,000 |
SAFT 2** |
~10,000 (bonus******) |
~69,050,000 |
- |
~69,060,000 |
SAFT 3A |
~216,000 (bonus******) |
- |
- |
~216,000 |
SAFT 3B*** |
~68,000 (bonus******) |
- |
- |
~68,000 |
Advisors / Vendors / Other |
- |
- |
~3,600,000 |
~3,600,000 |
Senior Advisors |
- |
- |
~8,333,000 |
~8,333,000 |
Employees / Contractors**** |
- |
- |
~81,290,000 |
~81,290,000 |
Total |
~294,000 | ~168,670,000 | ~93,223,000 | ~262,187,000 |
Total estimated hbars distributed (in circulation) as of September 30th, 2021:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~4,418,126,000 |
SAFT 3A & 3B |
~932,889,563 |
Advisors / Vendors / Other |
~435,190,000 |
Senior Advisors |
~200,136,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~2,136,128,000 |
Total |
~9,042,470,227 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on September 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- August 2021
Scheduled hbar distributions per the following groups during the month of August 2021:
|
8/16 |
8/22 |
8/31 |
Monthly Total |
SAFT 1* |
- |
~99,620,000 |
- |
~99,620,000 |
SAFT 2** |
~10,000 (bonus******) |
~69,050,000 |
- |
~69,060,000 |
SAFT 3A |
~216,000 (bonus******) |
- |
- |
~216,000 |
SAFT 3B*** |
~68,000 (bonus******) |
- |
- |
~68,000 |
Advisors / Vendors / Other |
- |
- |
~3,900,000 |
~3,900,000 |
Senior Advisors |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
- |
- |
~82,488,000 |
~82,488,000 |
Total |
~294,000 | ~168,670,000 | ~90,555,000 | ~259,519,000 |
Total estimated hbars distributed (in circulation) as of August 31st, 2021:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~4,249,446,000 |
SAFT 3A & 3B |
~932,605,563 |
Advisors / Vendors / Other |
~431,590,000 |
Senior Advisors |
~191,803,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~2,054,838,000 |
Total |
~8,780,283,227 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on January 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- July 2021
Scheduled hbar distributions per the following groups during the month of July 2021:
|
7/16 |
7/22 |
7/31 |
Monthly Total |
SAFT 1* |
- |
~99,620,000 |
- |
~99,620,000 |
SAFT 2** |
~10,000 (bonus******) |
~69,050,000 |
- |
~69,060,000 |
SAFT 3A |
~216,000 (bonus******) |
- |
- |
~216,000 |
SAFT 3B*** |
~68,000 (bonus******) |
- |
- |
~68,000 |
Advisors / Vendors / Other |
- |
- |
~4,000,000 |
~4,000,000 |
Senior Advisors |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
- |
- |
~82,281,000 |
~82,281,000 |
Total |
~294,000 | ~168,670,000 | ~90,448,000 | ~259,412,000 |
Total estimated hbars distributed (in circulation) as of July 31st, 2021:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~4,080,766,000 |
SAFT 3A & 3B |
~932,321,563 |
Advisors / Vendors / Other |
~427,790,000 |
Senior Advisors |
~187,636,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~1,972,350,000 |
Total |
~8,520,864,227 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on January 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- June 2021
Scheduled hbar distributions per the following groups during the month of June 2021:
|
6/16 |
6/22 |
6/31 |
Monthly Total |
SAFT 1* |
~1,000 (bonus******) |
~99,620,000 |
- |
~99,621,000 |
SAFT 2** |
~44,000 (bonus******) |
~69,050,000 |
- |
~69,094,000 |
SAFT 3A |
~957,000 (bonus******) |
- |
- |
~957,000 |
SAFT 3B*** |
~301,000 (bonus******) |
- |
- |
~301,000 |
Advisors / Vendors / Other |
- |
- |
~3,700,000 |
~3,700,000 |
Senior Advisors |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
- |
- |
~81,496,000 |
~81,496,000 |
Total |
~1,303,000 | ~168,670,000 | ~89,363,000 | ~259,336,000 |
Total estimated hbars distributed (in circulation) as of June 31st, 2021:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~3,912,086,000 |
SAFT 3A & 3B |
~932,037,563 |
Advisors / Vendors / Other |
~423,790,000 |
Senior Advisors |
~183,469,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~1,890,069,000 |
Total |
~8,261,452,227 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on January 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- May 2021
Scheduled hbar distributions per the following groups during the month of May 2021:
|
5/16 |
5/22 |
5/31 |
Monthly Total |
SAFT 1* |
~1,000 (bonus******) |
~99,620,000 |
- |
~99,621,000 |
SAFT 2** |
~44,000 (bonus******) |
~69,050,000 |
- |
~69,094,000 |
SAFT 3A |
~957,000 (bonus******) |
- |
- |
~957,000 |
SAFT 3B*** |
~301,000 (bonus******) |
- |
- |
~301,000 |
Advisors / Vendors / Other |
- |
- |
~4,000,000 |
~4,000,000 |
Senior Advisors |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
- |
- |
~81,783,000 |
~81,783,000 |
Total |
~1,303,000 | ~168,670,000 | ~89,950,000 | ~259,923,000 |
Total estimated hbars distributed (in circulation) as of May 31st, 2021:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~3,743,371,000 |
SAFT 3A & 3B |
~930,779,563 |
Advisors / Vendors / Other |
~420,090,000 |
Senior Advisors |
~179,302,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~1,808,573,000 |
Total |
~8,002,116,227 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on January 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- April 2021
Scheduled hbar distributions per the following groups during the month of April 2021:
|
4/16 |
4/22 |
4/30 |
Monthly Total |
SAFT 1* |
~1,000 (bonus******) |
~99,620,000 |
- |
~99,621,000 |
SAFT 2** |
~44,000 (bonus******) |
~69,050,000 |
- |
~69,094,000 |
SAFT 3A |
~957,000 (bonus******) |
- |
- |
~957,000 |
SAFT 3B*** |
~301,000 (bonus******) |
- |
- |
~301,000 |
Advisors / Vendors / Other |
- |
- |
~3,800,000 |
~3,800,000 |
Senior Advisors |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
- |
- |
~84,142,000 |
~84,142,000 |
Total |
~1,303,000 | ~168,670,000 | ~92,109,000 | ~262,082,000 |
Total estimated hbars distributed (in circulation) as of April 30th, 2021:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~3,574,656,000 |
SAFT 3A & 3B |
~929,521,563 |
Advisors / Vendors / Other |
~416,090,000 |
Senior Advisors |
~175,135,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~1,726,790,000 |
Total |
~7,742,193,227 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on January 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- March 2021
Scheduled hbar distributions per the following groups during the month of March 2021:
|
3/16 |
3/22 |
3/31 |
Monthly Total |
SAFT 1* |
~10,000 (bonus******) |
~99,620,000 |
- |
~99,630,000 |
SAFT 2** |
~393,000 (bonus******) |
~69,550,000 |
- |
~69,943,000 |
SAFT 3A |
~8,662,000 (bonus******) |
~242,332 |
- |
~8,904,332 |
SAFT 3B*** |
~2,703,000 (bonus******) |
~6,250 |
- |
~2,709,250 |
Advisors / Vendors / Other |
- |
- |
~5,300,000 |
~5,300,000 |
Senior Advisors |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
- |
- |
~81,503,000 |
~81,503,000 |
Total |
~11,768,000 | ~169,418,582 | ~90,970,000 | ~272,156,582 |
Total estimated hbars distributed (in circulation) as of March 31st, 2021:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~3,405,941,000 |
SAFT 3A & 3B |
~928,263,563 |
Advisors / Vendors / Other |
~412,290,000 |
Senior Advisors |
~170,968,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~1,642,648,000 |
Total |
~7,480,129,227 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on January 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- February 2021
Scheduled hbar distributions per the following groups during the month of February 2021:
|
2/1 |
2/16 |
2/22 |
2/28 |
Monthly Total |
SAFT 1* |
- |
~10,000 (bonus******) |
~99,620,000 |
- |
~99,630,000 |
SAFT 2** |
- |
~393,000 (bonus******) |
~69,050,000 |
- |
~69,443,000 |
SAFT 3A |
- |
~6,693,000 |
|
- |
~6,693,000 |
SAFT 3B*** |
- |
~2,706,000 (bonus******) |
- |
- |
~2,706,000 |
Advisors / Vendors / Other |
- |
- |
- |
~6,400,000 |
~6,400,000 |
Senior Advisors |
- |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
~71,645,833 |
- |
- |
~108,133,167 |
~179,779,000 |
Total |
~71,645,833 | ~9,802,000 | ~168,670,000 | ~118,700,167 | ~368,818,000 |
Total estimated hbars distributed (in circulation) as of February 28th, 2021:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~3,236,368,00 |
SAFT 3A & 3B |
~909,875,000 |
Advisors / Vendors / Other |
~406,990,000 |
Senior Advisors |
~166,801,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~1,561,145,000 |
Total |
~7,201,179,664 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on January 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- January 2021
Scheduled hbar distributions per the following groups during the month of January 2021:
|
1/16 |
1/22 |
1/31 |
Monthly Total |
SAFT 1* |
~10,000 (bonus******) |
~99,620,000 |
- |
~99,630,000 |
SAFT 2** |
~393,000 (bonus******) |
~69,050,000 |
- |
~69,443,000 |
SAFT 3A |
~6,693,000 |
|
- |
~6,693,000 |
SAFT 3B*** |
~2,703,000 (bonus******) |
- |
- |
~2,703,000 |
Advisors / Vendors / Other |
- |
- |
~16,200,000 |
~16,200,000 |
Senior Advisors |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
- |
- |
~85,967,000 |
~85,967,000 |
Total |
~9,799,000 | ~168,670,000 | ~106,334,000 | ~284,803,000 |
Total hbars distributed (in circulation) as of January 31st, 2021:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~3,067,295,000 |
SAFT 3A & 3B |
~900,476,000 |
Advisors / Vendors / Other |
~400,590,000 |
Senior Advisors |
~162,634,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~1,381,366,000 |
Total |
~6,832,361,664 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on January 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- December 2020
Scheduled hbar distributions per the following groups during the month of December 2020:
|
12/16 |
12/22 |
12/31 |
Monthly Total |
SAFT 1* |
~48,000 (bonus******) |
~99,620,000 |
- |
~99,668,000 |
SAFT 2** |
~1,897,000 (bonus******) |
~69,050,000 |
- |
~70,947,000 |
SAFT 3A |
~32,309,000 |
- |
- |
~32,309,000 |
SAFT 3B*** |
~13,042,000 (bonus******) |
- |
- |
~13,042,000 |
Advisors / Vendors / Other |
- |
- |
~17,500,000 |
~17,500,000 |
Senior Advisors |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
- |
- |
~89,820,000 |
~89,820,000 |
Total |
~47,296,000 |
~168,670,000 |
~111,487,000 |
~327,453,000 |
Total hbars distributed (in circulation) as of December 31st, 2020:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~2,898,222,000 |
SAFT 3A & 3B |
~891,080,000 |
Advisors / Vendors / Other |
~384,390,000 |
Senior Advisors |
~158,467,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~1,295,399,000 |
Total |
~6,547,558,664 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly, and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on December 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- November 2020
Scheduled hbar distributions per the following groups during the month of November 2020:
|
11/16 |
11/22 |
11/30 |
Monthly Total |
SAFT 1* |
~48,000 (bonus******) |
~99,620,000 |
- |
~99,668,000 |
SAFT 2** |
~1,897,000 (bonus******) |
~69,050,000 |
- |
~70,947,000 |
SAFT 3A |
~32,264,000 (bonus******) |
- |
- |
~32,264,000 |
SAFT 3B*** |
~13,006,000 (bonus******) |
- |
- |
~13,006,000 |
Advisors / Vendors / Other |
- |
- |
~15,700,000 |
~15,700,000 |
Senior Advisors |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
- |
- |
~89,131,000 |
~89,131,000 |
Total |
~47,215,000 |
~168,670,000 |
~108,998,000 |
~324,883,000 |
Total hbars distributed (in circulation) as of Novembr 30th, 2020:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~2,727,607,000 |
SAFT 3A & 3B |
~845,729,000 |
Advisors / Vendors / Other |
~366,890,000 |
Senior Advisors |
~154,300,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~1,205,579,000 |
Total |
~6,220,105,664 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly, and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on November 22nd, 2020 is for ~99,620,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- October 2020
Scheduled hbar distributions per the following groups during the month of October 2020:
|
10/16 |
10/22 |
10/31 |
Monthly Total |
SAFT 1* |
~48,000 (bonus*****) |
~99,330,000 |
- |
~99,378,000 |
SAFT 2** |
~1,894,000 (bonus******) |
~68,300,000 |
- |
~70,194,000 |
SAFT 3A |
~32,248,000 (bonus******) |
- |
- |
~32,248,000 |
SAFT 3B*** |
~13,026,000 (bonus******) |
- |
- |
~13,026,000 |
Advisors / Vendors / Other |
- |
- |
~52,200,000 |
~52,200,000 |
Senior Advisors |
- |
- |
~4,167,000 |
~4,167,000 |
Employees / Contractors**** |
- |
- |
~90,679,000 |
~90,679,000 |
Total |
~47,216,000 |
~167,630,000 |
~147,046,000 |
~361,892,000 |
Total hbars distributed (in circulation) as of October 31st, 2020:
Group |
Total Hbars Distributed |
SAFT 1 & 2 |
~2,556,992,000 |
SAFT 3A & 3B |
~800,459,000 |
Advisors / Vendors / Other |
~351,190,000 |
Senior Advisors |
~150,133,664 |
2017 Executive Team***** |
~920,000,000 |
Employees / Contractors |
~1,116,448,000 |
Total |
~5,895,222,664 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly, and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on October 22nd, 2020 is for ~99,330,000 hbars (this does not include the bonus allocation).
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive their next distribution on September 16, 2021, the two-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
****** Hedera SAFT holders who accepted the SAFT Exchange Offer are entitled to additional distributions of hbars that would, over time, be equal in cumulative value to the Purchase Amount (in USD) of their original SAFT. These bonus allocations are calculated on an ongoing quarterly basis until 100% of the Purchase Amount has been reached, beginning Q4 2020.
HBAR Distribution Report -- September 2020
Scheduled hbar distributions per the following groups during the month of September 2020:
9/16 | 9/22 | 9/30 | Monthly Total | |
SAFT 1* | - | ~99,330,000 | - | ~99,330,000 |
SAFT 2** | - | ~68,300,000 | - | ~68,300,000 |
SAFT 3A | - | - | - | - |
SAFT 3B*** | ~39,300,000 | - | - | ~39,300,000 |
Advisors / Vendors / Other | - | - | ~37,900,000 | ~37,900,000 |
Senior Advisors | - | - | ~4,166,666 | ~4,166,666 |
Employees / Contractors**** | - | - | ~58,288,000 | ~58,288,000 |
Total | ~39,300,000 | ~167,630,000 | ~100,354,666 | ~307,284,666 |
Total hbars distributed (in circulation) as of September 30th, 2020:
Group | Total Hbars Distributed |
SAFT 1 & 2 | ~2,387,420,000 |
SAFT 3A & 3B | ~755,185,000 |
Advisors / Vendors / Other | ~298,990,000 |
Senior Advisors | ~145,966,664 |
2017 Executive Team***** | ~920,000,000 |
Employees / Contractors | ~1,025,769,000 |
Total | ~5,533,330,664 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly, and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on September 22nd, 2020 is for ~99,330,000 hbars.
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution, and therefore will receive ~68,300,000 hbars on September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
HBAR Distribution Report -- August 2020
Scheduled hbar distributions per the following groups during the month of August 2020:
8/16 | 8/22 | 8/31 | Monthly Total | |
SAFT 1* | - | ~99,616,000 | - | ~99,616,000 |
SAFT 2** | - | ~69,048,000 | - | ~69,048,000 |
SAFT 3A | ~60,000 | - | - | ~60,000 |
SAFT 3B*** | - | - | - | - |
Advisors / Vendors / Other | - | - | ~37,000,000 | ~37,000,000 |
Senior Advisors | - | - | ~4,166,666 | ~4,166,666 |
Employees / Contractors**** | - | - | ~58,288,000 | ~58,288,000 |
Total | ~60,000 | ~168,664,000 | ~99,454,666 | ~268,178,666 |
Total hbars distributed (in circulation) as of August 31st, 2020:
Group | Total Hbars Distributed |
SAFT 1 & 2 | ~2,219,790,000 |
SAFT 3A & 3B | ~715,885,000 |
Advisors / Vendors / Other | ~261,090,000 |
Senior Advisors | ~141,799,998 |
2017 Executive Team***** | ~920,000,000 |
Employees / Contractors | ~967,481,000 |
Total | ~5,226,045,998 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly, and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on August 22nd, 2020 is for ~99,616,000 hbars.
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
HBAR Distribution Report -- July 2020
Scheduled hbar distributions per the following groups during the month of July 2020:
7/16 | 7/22 | 7/31 | Monthly Total | |
SAFT 1* | - | ~99,615,000 | - | ~99,615,000 |
SAFT 2** | - | ~69,048,000 | - | ~69,048,000 |
SAFT 3A | ~21,960,000 | - | - | ~21,960,000 |
SAFT 3B*** | - | - | - | - |
Advisors / Vendors / Other | - | - | ~32,150,000 | ~32,150,000 |
Senior Advisors | - | - | ~4,166,666 | ~4,166,666 |
Employees / Contractors**** | - | - | ~58,250,000 | ~58,250,000 |
Total | ~21,960,000 | ~168,663,000 | ~94,566,666 | ~285,189,666 |
Total hbars distributed (in circulation) as of July 31st, 2020:
Group | Total Hbars Distributed |
SAFT 1 & 2 | ~2,051,126,000 |
SAFT 3A & 3B | ~715,825,000 |
Advisors / Vendors / Other | ~224,090,000 |
Senior Advisors | ~137,633,332 |
2017 Executive Team***** | ~920,000,000 |
Employees / Contractors | ~909,193,000 |
Total | ~4,957,867,332 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly, and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution on July 22nd, 2020 is for ~99,615,000 hbars.
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
**** Hedera will release ~58,250,000 hbars to employees / contractors (~22,135,000 of which withheld and sold over time to cover tax withholding obligations).
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
HBAR Distribution Report -- June 2020
Scheduled hbar distributions per the following groups during the month of June 2020:
6/16 | 6/22 | 6/30 | Monthly Total | |
SAFT 1* | - | ~99,615,000 | - | ~99,615,000 |
SAFT 2** | - | ~72,048,000 | - | ~72,048,000 |
SAFT 3A | ~21,465,000 | - | - | ~21,465,000 |
SAFT 3B*** | - | - | - | - |
Advisors / Vendors / Other | - | ~1,260,000 | ~14,980,000 | ~16,240,000 |
Senior Advisors | - | - | ~4,166,666 | ~4,166,666 |
Employees / Contractors**** | - | - | ~59,643,000 | ~59,643,000 |
Total | ~21,465,000 | ~172,923,000 | ~78,789,666 | ~273,177,666 |
Total hbars distributed (in circulation) as of June 30th, 2020:
Group | Total Hbars Distributed |
SAFT 1 & 2 | ~1,882,463,000 |
SAFT 3A & 3B | ~693,865,000 |
Advisors / Vendors / Other | ~191,940,000 |
Senior Advisors | ~133,466,666 |
2017 Executive Team***** | ~920,000,000 |
Employees / Contractors | ~850,943,000 |
Total | ~4,672,677,666 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly, and amended again in 2020 to allow for distributions on a monthly basis. The SAFT 1 distribution in June 2020 is for ~99,615,000 hbars.
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
**** Hedera will release ~68,300,000 hbars to employees / contractors (~26,000,000 of which withheld and sold over time to cover tax withholding obligations).
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
HBAR Distribution Report -- May 2020
Scheduled hbar distributions per the following groups during the month of May 2020:
5/16 | 5/22 | 5/31 | Monthly Total | |
SAFT 1* | - | ~199,200,000 | - | ~199,200,000 |
SAFT 2** | - | ~70,500,000 | - | ~70,500,000 |
SAFT 3A | ~61,600,000 | - | - | ~61,600,000 |
SAFT 3B*** | - | - | - | - |
Advisors / Vendors / Other | - | - | ~17,600,000 | ~17,600,000 |
Senior Advisors | - | - | ~4,200,000 | ~4,200,000 |
Employees / Contractors**** | - | - | ~68,300,000 | ~68,300,000 |
Total | ~61,600,000 | ~269,700,000 | ~90,100,000 | ~421,400,000 |
Total hbars distributed (in circulation) as of May 31st, 2020:
Group | Total Hbars Distributed |
SAFT 1 & 2 | ~1,710,800,000 |
SAFT 3A & 3B | ~672,400,000 |
Advisors / Vendors / Other | ~175,700,000 |
Senior Advisors | ~129,300,000 |
2017 Executive Team***** | ~920,000,000 |
Employees / Contractors | ~791,300,000 |
Total | ~4,399,500,000 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly, and amended again in 2020 to allow for distributions on a monthly basis. This SAFT 1 distribution on May 22nd includes April & May 2020 for ~199,200,000 hbars. SAFT 1 distributions will continue on a monthly cadence.
** SAFT 2 holders receive distributions no less than monthly.
*** SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
**** Hedera will release ~68,300,000 hbars to employees / contractors (~26,000,000 of which withheld and sold over time to cover tax withholding obligations).
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
HBAR Distribution Report -- April 2020
Scheduled hbar distributions per the following groups during the month of April 2020:
4/2 | 4/16 | 4/22 | 4/30 | Monthly Total | |
SAFT 1* | - | - | - | - | - |
SAFT 2** | - | - | ~68,300,000 | - | ~68,300,000 |
SAFT 3A | - | ~30,500,000 | - | - | ~30,500,000 |
SAFT 3B*** | - | - | - | - | - |
Advisors / Vendors / Other | ~800,000 | - | - | ~15,000,000 | ~15,800,000 |
Senior Advisors | - | - | - | ~4,200,000 | ~4,200,000 |
Employees / Contractors**** | - | - | - | ~84,400,000 | ~84,400,000 |
Total | ~800,000 | ~30,500,000 | ~68,300,000 | ~103,600,000 | ~203,200,000 |
Total hbars distributed (in circulation) as of April 30th, 2020:
Group | Total Hbars Distributed |
SAFT 1 & 2 | ~1,441,100,000 |
SAFT 3A & 3B | ~610,800,000 |
Advisors / Vendors / Other | ~158,100,000 |
Senior Advisors | ~125,100,000 |
2017 Executive Team***** | ~920,000,000 |
Employees / Contractors | ~723,000,000 |
Total | ~3,978,100,000 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
̶T̶h̶i̶s̶ ̶m̶o̶n̶t̶h̶’̶s̶ ̶d̶i̶s̶t̶r̶i̶b̶u̶t̶i̶o̶n̶ ̶r̶e̶p̶o̶r̶t̶ ̶i̶s̶ ̶b̶e̶i̶n̶g̶ ̶p̶r̶o̶v̶i̶d̶e̶d̶ ̶b̶a̶s̶e̶d̶ ̶o̶n̶ ̶t̶h̶e̶ ̶e̶x̶i̶s̶t̶i̶n̶g̶ ̶S̶A̶F̶T̶s̶ ̶a̶n̶d̶ ̶d̶o̶e̶s̶ ̶n̶o̶t̶ ̶a̶c̶c̶o̶u̶n̶t̶ ̶f̶o̶r̶ ̶a̶n̶y̶ ̶c̶h̶a̶n̶g̶e̶s̶ ̶t̶h̶a̶t̶ ̶m̶a̶y̶ ̶b̶e̶ ̶m̶a̶d̶e̶ ̶d̶u̶e̶ ̶t̶o̶ ̶S̶A̶F̶T̶ ̶h̶o̶l̶d̶e̶r̶s̶ ̶a̶c̶c̶e̶p̶t̶i̶n̶g̶ ̶t̶h̶e̶ ̶S̶A̶F̶T̶ ̶e̶x̶c̶h̶a̶n̶g̶e̶ ̶o̶f̶f̶e̶r̶ ̶(̶t̶h̶e̶ ̶“̶O̶f̶f̶e̶r̶”̶)̶.̶ ̶ ̶W̶e̶ ̶e̶x̶p̶e̶c̶t̶ ̶t̶h̶a̶t̶ ̶t̶h̶e̶ ̶a̶c̶t̶u̶a̶l̶ ̶d̶i̶s̶t̶r̶i̶b̶u̶t̶i̶o̶n̶s̶ ̶t̶o̶ ̶S̶A̶F̶T̶ ̶h̶o̶l̶d̶e̶r̶s̶ ̶i̶n̶ ̶A̶p̶r̶i̶l̶ ̶w̶i̶l̶l̶ ̶d̶i̶f̶f̶e̶r̶ ̶f̶r̶o̶m̶ ̶(̶a̶n̶d̶ ̶b̶e̶ ̶l̶e̶s̶s̶ ̶t̶h̶a̶n̶)̶ ̶w̶h̶a̶t̶ ̶i̶s̶ ̶r̶e̶p̶o̶r̶t̶e̶d̶ ̶ ̶h̶e̶r̶e̶.̶ ̶ ̶H̶o̶w̶e̶v̶e̶r̶,̶ ̶w̶e̶ ̶c̶a̶n̶n̶o̶t̶ ̶k̶n̶o̶w̶ ̶t̶h̶e̶ ̶n̶e̶w̶ ̶d̶i̶s̶t̶r̶i̶b̶u̶t̶i̶o̶n̶ ̶a̶m̶o̶u̶n̶t̶s̶ ̶u̶n̶t̶i̶l̶ ̶w̶e̶ ̶p̶r̶o̶c̶e̶s̶s̶ ̶t̶h̶e̶ ̶e̶l̶e̶c̶t̶i̶o̶n̶ ̶f̶o̶r̶m̶s̶ ̶a̶f̶t̶e̶r̶ ̶t̶h̶e̶ ̶O̶f̶f̶e̶r̶ ̶c̶l̶o̶s̶e̶s̶ ̶(̶c̶u̶r̶r̶e̶n̶t̶l̶y̶ ̶s̶c̶h̶e̶d̶u̶l̶e̶d̶ ̶f̶o̶r̶ ̶A̶p̶r̶i̶l̶ ̶1̶3̶ ̶a̶t̶ ̶5̶:̶0̶0̶p̶m̶ ̶E̶a̶s̶t̶e̶r̶n̶ ̶T̶i̶m̶e̶.̶ ̶W̶e̶ ̶w̶i̶l̶l̶ ̶p̶r̶o̶v̶i̶d̶e̶ ̶t̶h̶e̶ ̶a̶d̶j̶u̶s̶t̶e̶d̶ ̶d̶i̶s̶t̶r̶i̶b̶u̶t̶i̶o̶n̶ ̶a̶m̶o̶u̶n̶t̶s̶ ̶a̶f̶t̶e̶r̶ ̶w̶e̶ ̶h̶a̶v̶e̶ ̶p̶r̶o̶c̶e̶s̶s̶e̶d̶ ̶t̶h̶o̶s̶e̶ ̶f̶o̶r̶m̶s̶,̶ ̶b̶u̶t̶ ̶t̶h̶a̶t̶ ̶u̶p̶d̶a̶t̶e̶ ̶m̶a̶y̶ ̶b̶e̶ ̶a̶f̶t̶e̶r̶ ̶t̶h̶e̶ ̶(̶a̶d̶j̶u̶s̶t̶e̶d̶)̶ ̶A̶p̶r̶i̶l̶ ̶1̶6̶ ̶d̶i̶s̶t̶r̶i̶b̶u̶t̶i̶o̶n̶ ̶i̶s̶ ̶m̶a̶d̶e̶ ̶t̶o̶ ̶S̶A̶F̶T̶ ̶3̶A̶ ̶h̶o̶l̶d̶e̶r̶s̶.̶
Updated (04/15/2019): This month's distribution now reflects SAFT holders which have accepted the SAFT exchange offer (the "Offer"). We will be updating the HBAR Token Economics paper separately in the near future to reflect these changes.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly and amended again in 2020 to allow for distributions on a monthly basis. The next SAFT 1 distribution will be May 22nd (which includes April & May 2020) for ~199,200,000 hbars. After that, it will be every month.
** SAFT 2 holders receive distributions no less than monthly (the proposed amendment to provide for quarterly distributions was not adopted by the SAFT 2 holders).
*** SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
**** Hedera will release ~84,400,000 hbars to employees / contractors (~32,000,000 of which withheld and sold over time to cover tax withholding obligations).
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
HBAR Distribution Report -- March 2020
Scheduled hbar distributions per the following groups during the month of March 2020:
March 16 | March 22 | March 31 | Monthly Total | |
SAFT 1* | - | ~301,000,000 | - | ~301,000,000 |
SAFT 2** | - | ~71,800,000 | - | ~71,800,000 |
SAFT 3A | ~66,600,000 | - | - | ~66,600,000 |
SAFT 3B*** | 0 | - | - | 0 |
Advisors / Vendors / Other | ~700,000 | - | ~13,700,000 | ~14,400,000 |
Senior Advisors | - | - | ~4,200,000 | ~4,200,000 |
Employees / Contractors**** | - | - |
~53,800,000 |
~53,800,000 |
Total | ~67,300,000 | ~372,800,000 | ~71,700,000 | ~511,800,000 |
Total hbars distributed (in circulation) as of March 31st, 2020:
Group | Total Hbars Distributed |
SAFT 1 & 2 | ~1,372,800,000 |
SAFT 3A & 3B | ~580,300,000 |
Advisors / Vendors / Other | ~142,300,000 |
Senior Advisors | ~120,900,000 |
2017 Executive Team***** | ~920,000,000 |
Employees / Contractors | ~638,600,000 |
Total | ~3,813,700,000 |
Additional details
All hbar distributions are rounded to the nearest one-hundred thousand.
* The SAFT 1 distribution schedule was amended in 2019 to allow for distributions no less than quarterly.
** SAFT 2 holders receive distributions no less than monthly (the proposed amendment to provide for quarterly distributions was not adopted by the SAFT 2 holders).
*** SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
**** Hedera will release ~53,800,000 hbars to employees / contractors (~20,400,000 of which withheld and sold over time to cover tax withholding obligations).
***** Hedera released approximately 920,000,000 hbars owed to the 2017 executive team in February 2020. For more details around the distributions to senior advisors and 2017 executive team members in the February 2020 distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
HBAR Distribution Report -- February 2020
Total hbars (approx.) distributed to the following groups as of January 31st, 2019:
- SAFT 1 & 2: 971,200,000 hbars
- SAFT 3A & 3B: 447,100,000 hbars
- 2017 executive team: 0 hbars
- Advisors / vendors: 118,100,000 hbars
- Senior Advisors: 112,500,000 hbars
- Employees / contractors: 603,600,000 hbars
Scheduled distributions (approx.) for the following groups February 1st, 2020:
- 2017 executive team: 920,000,000 hbars
Scheduled distributions (approx.) for the following groups February 16th, 2020:
- SAFT 3A: 66,600,000 hbars
- SAFT 3B: 0 hbars
Scheduled distributions (approx.) for the following groups February 22nd, 2020:
- SAFT 1: 0 hbars
- SAFT 2: 71,800,000 hbars
Scheduled distributions (approx.) for the following groups February 29th, 2020:
- Advisors / vendors: 9,800,000 hbars
- Senior Advisors: 4,200,000 hbars
- Employees / contractors: 58,800,000 hbars
Total hbars (approx.) distributed to the following groups as of February 29th, 2020:
- SAFT 1 & 2: 1,000,000,000 hbars
- SAFT 3A & 3B: 513,700,000 hbars
- 2017 executive team: 920,000,000 hbars
- Advisors / vendors: 127,900,000 hbars
- Senior Advisors: 116,700,000 hbars
- Employees / contractors: 662,400,000 hbars
Additional details
SAFT 1 (No distribution): The SAFT 1 distribution schedule was amended last year to allow for distributions no less than quarterly. SAFT 1 holders will receive their next distribution of approximately 299,000,000 in March 2020.
SAFT 2 (February 22nd distribution): SAFT 2 holders receive distributions no less than monthly (the proposed amendment to provide for quarterly distributions was not adopted by the SAFT 2 holders). SAFT 2 holders will receive in their next distribution approximately 71,800,000 hbars.
——
SAFT 3A (February 16th distribution): SAFT 3A holders will receive a distribution of a total of approximately 66,600,000 hbars.
SAFT 3B (No distribution): SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
——
2017 executive team (February 1st distribution): Hedera will release approximately 920,000,000 hbars owed to the 2017 executive team. For more details around the distributions to senior advisors and 2017 executive team members in this month's distribution report, please read: https://www.hedera.com/blog/hedera-january-update-on-business-operations-and-saft-amendment-proposal
Advisors & vendor distributions (February 29th distribution): Hedera will make a distribution of approximately 9,800,000 hbars to advisors and vendors. Hedera is working through each of these contracts on a case-by-case basis.
Employees / contractors (February 29th distribution): Hedera will release ~53,800,000 hbars (~20,400,000 of which withheld and sold over time to cover tax withholding obligations).
Senior advisors (February 29th distribution): Hedera will release approximately 4,200,000 hbars owed to senior advisors.
HBAR Distribution Report -- January 2020
Total hbars (approx.) distributed to the following groups as of December 31st, 2019:
- SAFT 1 & 2: 899,400,000 hbars
- SAFT 3A & 3B: 380,500,000 hbars
- Advisors / vendors: 98,900,000 hbars
- Employees / contractors: 565,000,000 hbars
Scheduled distributions (approx.) for the following groups January 16th, 2020:
- SAFT 3A: 66,600,000 hbars
- SAFT 3B: 0 hbars
Scheduled distributions (approx.) for the following groups January 22nd, 2020:
- SAFT 1: 0 hbars
- SAFT 2: 71,800,000 hbars
Scheduled distributions (approx.) for the following groups January 31st, 2020:
- Advisors / vendors: 12,500,000 hbars
- Senior Advisors: 112,500,000 hbars
- Employees / contractors: 38,600,000 hbars
Total hbars (approx.) distributed to the following groups as of January 31st, 2020:
- SAFT 1 & 2: 971,200,000 hbars
- SAFT 3A & 3B: 447,100,000 hbars
- Advisors / vendors: 118,100,000 hbars
- Senior Advisors: 112,500,000 hbars
- Employees / contractors: 603,600,000 hbars
Additional details
SAFT 1 (No distribution): The SAFT 1 distribution schedule was amended last year to allow for distributions no less than quarterly. SAFT 1 holders will receive their next distribution of approximately 299,000,000 in March 2020.
SAFT 2 (January 22nd distribution): SAFT 2 holders receive distributions no less than monthly (the proposed amendment to provide for quarterly distributions was not adopted by the SAFT 2 holders). SAFT 2 holders will receive their next distribution on January 22nd, with approximately 71,800,000 hbars to be distributed.
——
SAFT 3A (January 16th distribution): On January 16th, 2020, SAFT 3A holders will receive a distribution of a total of approximately 66,600,000 hbars.
SAFT 3B (No distribution): SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
——
Advisors & vendor distributions (January 31st distribution): On January 31st, 2020, Hedera will also make a distribution of approximately 12,500,000 hbars to advisors and vendors. Hedera is working through each of these contracts on a case-by-case basis.
Employees / contractors (January 31st distribution): On January 31, 2020, Hedera will release approximately 38,600,000 hbars owed to employees and contractors.
Senior advisors (January 31st distribution): On January 31, 2020, Hedera will release approximately 112,500,000 hbars owed to senior advisors.
HBAR Distribution Report -- December 2019
Total hbars (approx.) distributed to the following groups as of December 10th, 2019:
- SAFT 1 & 2: 521,200,000 hbars
- SAFT 3A & 3B: 313,800,000 hbars
- Advisors / vendors: 76,500,000 hbars
- Employees / contractors: 25,000,000 hbars
Scheduled distributions (approx.) for the following groups December 16th, 2019:
- SAFT 3A: 66,600,000 hbars
- SAFT 3B: 0 hbars
- Catch-up SAFT 3A: 84,000 hbars
- Catch-up SAFT 3B: 0 hbars
Scheduled distributions (approx.) for the following groups December 22nd, 2019:
- SAFT 1: 299,000,000 hbars
- SAFT 2: 70,500,000 hbars
- Catch-up SAFT 2: 8,700,000 hbars
- Advisors / vendors: 22,400,000 hbars
Total hbars (approx.) distributed to the following groups as of December 23rd, 2019:
- SAFT 1 & 2: 899,400,000 hbars
- SAFT 3A & 3B: 380,500,000 hbars
- Advisors / vendors: 98,900,000 hbars
- Employees / contractors: 25,000,000 hbars
Update 12/28/19
Scheduled distributions (approx.) for the following groups December 31st, 2019:
- Employees / contractors: 540,000,000 hbars (80,000,000 of which withheld and sold over time to cover tax withholding obligations)
Total hbars (approx.) distributed to the following groups as of December 31st, 2019:
- SAFT 1 & 2: 899,400,000 hbars
- SAFT 3A & 3B: 380,500,000 hbars
- Advisors / vendors: 98,900,000 hbars
- Employees / contractors: 565,000,000 hbars
Additional details
SAFT 1 (December 22nd distribution): As mentioned in the October distribution report, the SAFT 1 distribution schedule was amended to allow for distributions no less than quarterly. SAFT 1 holders will receive a distribution of approximately 299,000,000 in December 2019.
SAFT 2 (December 22nd distribution): SAFT 2 holders receive distributions no less than monthly (the proposed amendment to provide for quarterly distributions was not adopted by the SAFT 2 holders). SAFT 2 holders will receive their next distribution on December 22nd, with approximately 70,500,000 hbars to be distributed.
——
SAFT 3A (December 16th distribution): On December 16th, 2019, SAFT 3A holders will receive a distribution of a total of approximately 66,600,000 hbars.
SAFT 3B (No distribution in Dec.): SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
——
SAFT 2, 3A, 3B “catch-up” distributions (December 16th & 22nd): SAFT 2, 3A, and 3B holders who had not set up their accounts in time to receive the first distributions are scheduled to receive catch-up distributions in December. On December 16th, 2019, SAFT 3A & 3B holders will receive approximately 83,969 hbars and 0 hbars, respectively. On December 22nd, 2019, SAFT 2 holders will receive approximately 8,700,000 hbars.
——
Advisors & vendor distributions (December 22nd): On December 22nd, 2019, Hedera will also make a distribution of approximately 22,400,000 hbars to advisors and vendors. Hedera is working through each of these contracts on a case-by-case basis.
——
Employees / contractors (No distribution): An initial distribution of approximately 25,000,000 hbars was made to employees / contractors on September 23rd, 2019. The employee / contractor distribution schedule was amended to be temporarily paused until the evaluation by Prysm group has been completed. Employees and contractors will not receive a distribution in December 2019.
(Update 12/28/19) Employees / contractors (December 31st): Due to contractual, tax and regulatory obligations we are not able to delay those coin distributions indefinitely. The coins under those grants that have vested from our inception in 2017 through the end of 2019, excluding those to the founding executive team and certain departed employees, will be released on December 31st. The total expected number of hbars to be released is 540 million and the cost basis of those coins is zero. For full details, please visit: https://www.hedera.com/blog/end-of-year-employee-distribution-of-hbars-scheduled-for-december-31st-2019
HBAR Distribution Report -- November 2019
Total hbars (approx.) distributed to the following groups as of November 14th, 2019:
- SAFT 1 & 2: 449,000,000 hbars
- SAFT 3A & 3B: 245,800,000 hbars
- Advisors / vendors: 59,800,000 hbars
- Employees / contractors: 25,000,000 hbars
Scheduled distributions (approx.) for the following groups November 16th, 2019:
- SAFT 3A: 65,700,000 hbars
- SAFT 3B: 0 hbars
- Catch-up SAFT 3A: 2,300,000 hbars
- Catch-up SAFT 3B: 26,000 hbars
Scheduled distributions (approx.) for the following groups November 22nd, 2019:
- SAFT 1: 0 hbars
- SAFT 2: 71,900,000 hbars
- Catch-up SAFT 2: 300,000 hbars
- Advisors / vendors: 16,700,000 hbars (10,700,000 additional, pending)
Total hbars (approx.) distributed to the following groups as of November 23rd, 2019:
- SAFT 1 & 2: 521,200,000 hbars
- SAFT 3A & 3B: 313,800,000 hbars
- Advisors / vendors: 76,500,000 hbars (10,700,000 additional, pending)
- Employees / contractors: 25,000,000 hbars
Additional details
SAFT 1 & 2 cumulative distributions to-date: Prior to the upcoming November distributions, SAFT 1 and 2 holders have received a total of approximately 449,000,000 hbars to date.
SAFT 1 (No distribution in Nov.): As mentioned in the October distribution report, the SAFT 1 distribution schedule was amended to allow for quarterly distributions. SAFT 1 holders will not receive a distribution in November 2019.
SAFT 2 (November 22nd distribution): SAFT 2 holders receive distributions no less than monthly (the proposed amendment to provide for quarterly distributions was not adopted by the SAFT 2 holders). SAFT 2 holders will receive their next distribution on November 22nd, with approximately 72,200,000 hbars to be distributed.
——
SAFT 3A & 3B cumulative distributions to-date: Prior to the upcoming November distributions, SAFT 3A and 3B holders have received approximately 245,800,000 hbars to date.
SAFT 3A (November 16th distribution): On November 16th, 2019, SAFT 3A holders will receive a distribution of a total of approximately 68,000,000 hbars.
SAFT 3B (No distribution in Nov.): SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until September 16, 2020, the one-year anniversary of the initial distribution to SAFT 3B holders.
——
SAFT 2, 3A, 3B “catch-up” distributions (November 16th & 22nd): SAFT 2, 3A, and 3B holders who had not set up their accounts in time to receive the first distributions are scheduled to receive catch-up distributions in November. On November 16th, 2019, SAFT 3A and SAFT 3B holders will receive approximately 2,300,000 hbars and 26,000 hbars, respectively. On November 22nd, 2019, SAFT 2 holders will receive approximately 300,000 hbars.
——
Advisors & vendor distributions (November 22nd): On November 22nd, 2019, Hedera will also make distributions to advisors and vendors. Hedera is working through each of these contracts on a case-by-case basis. There will be at least approximately 16,700,000 to 24,700,000 hbars distributed to advisors and vendors on this date, with the actual number depending on when certain contractual or administrative matters are resolved.
——
Employees / contractors (No distribution): An initial distribution of approximately 25,000,000 hbars was made to employees / contractors on September 23rd, 2019. The employee / contractor distribution schedule was amended to be temporarily paused until the evaluation by Prysm group has been completed. Employees and contractors will not receive a distribution in November 2019.
10/21/2019 HBAR Distribution Report
As of this update, we have not received sufficient consent from SAFT 2 holders to pass the proposed amendment that would permit Hedera to distribute SAFT 2 coins quarterly rather than monthly. Accordingly, SAFT 2 holders will receive their next distribution on October 22nd. Approximately 67,900,000 hbars are expected to be included in the distribution.
In addition, we currently expect that 26,300,000 hbars will be distributed on October 22nd to advisors and vendors, in accordance with Hedera’s contractual obligations to those recipients. Up to 7,200,000 additional hbars may also be distributed to advisors on the 22nd, pending certain administrative matters that may affect the date of distribution to those recipients.
10/15/2019 HBAR Distribution Report
On October 16th, SAFT 3A holders will receive their next hbar distribution. Approximately 65,500,000 hbars are scheduled to be included in this distribution.
SAFT 3B holders are on an annual distribution schedule, and therefore are not scheduled to receive any additional hbars until a year after the initial distribution that occurred on September 16. Prior to this, in total, SAFT 3A and 3B holders have received approximately 180,000,000 hbars to date.
Additionally, on October 16th, SAFT holders who had not set up their accounts in time to receive the first distributions are scheduled to receive catch up distributions. This will be approximately 8,100,000 hbars to SAFT 2 and 300,000 to SAFT 3B holders.
Hedera has received sufficient consent from SAFT 1 holders for the amendment that enables distributions to be provided quarterly, which means the amendment has passed. As such, SAFT 1 holders will not receive any hbars in October.
To date, we have not received sufficient consent from SAFT 2 holders to pass the same proposed amendment. If we do not receive sufficient consent by next Monday, October 21st, then all SAFT 2 holders will receive their next distribution on October 22nd. Approximately 67,900,000 hbars are expected to be included in the distribution if made at that time.
Prior to this, in total, SAFT 1 and 2 holders have received approximately 373,000,000 hbars to date.
Hedera has some legal obligations to deliver hbars to advisors and vendors. We are working through each of these contracts on a case-by-case basis, and there may be further distributions to vendors and advisors on October 22nd, as well as to employees who did not receive their initial distribution. Those will be shared here as soon as they are confirmed.