The status of Hedera’s estimated hbar release schedule through 2025, prior to making this SAFT Exchange Offer, is set forth in Table 3 below. Please note that the actual (i.e., new) release schedule is unknown, as it will depend on a number of factors, including how many SAFT holders accept the Offer.
Hedera has a long expected release schedule, starting from the network’s launch in August 2018. The annual distributions by category in Table 3 below reflect estimated distributions under current contractual obligations and expectations. However, this distribution schedule will change based on, among other things, the number of SAFT holders who accept the Offer, attrition, and market conditions. In addition, Hedera expects to distribute additional coins from Treasury over time to support the development of the network ecosystem; to make coin grants to employees, contractors, and vendors; and to sell coins to cover operating costs.