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.
The total number of hbars paid out each quarter to the group of participating SAFT holders as a whole will equal 10% of the total number of hbars that Hedera sold over the prior quarter (for the Q4 2020 distribution, this will include all coins sold from February 1 through September 30, 2020), including sale of coins received through network transaction fees and sale of coins from Treasury, but excluding sale of coins withheld from employee distributions.
That pool of coins, equaling 10% of the coins sold by Hedera in the prior period, will then be allocated to the participating SAFT holders pro rata based on the amount (in USD) that each SAFT holder invested. The coins allocated will be distributed to the participating SAFT holders in one or more distributions over the quarter.
The following table lists all distributions of bonus allocations made during their respective period and the percentage of total remitted in aggregate across every SAFT holder who accepted the exchange offer:
| Period | Date |
Hbars Allocated (HBAR) |
HBAR price (USD) |
Total value (USD) |
% of the total purchase amount (TPA) |
| Q4 2020 | 16-Oct | 47,215,547 | $0.0324* | $1,527,772 | 2.03% |
| Q4 2020 | 16-Nov | 47,215,547 | $0.0309* | $1,459,580 | 1.94% |
| Q4 2020 | 16-Dec | 47,215,547 | $0.0348* | $1,642,586 | 2.18% |
| Q1 2021 | 16-Jan | 9,782,170 | $0.0408* | $399,357 | 0.53% |
| Q1 2021 | 16-Feb | 9,782,170 | $0.1002* | $980,584 | 1.30% |
| Q1 2021 | 16-Mar | 9,782,170 | $0.1794* | $1,755,280 | 2.33% |
| Q2 2021 | 16-Apr | 1,090,630 | $0.3448* | $376,024 | 0.50% |
| Q2 2021 | 16-May | 1,090,630 | $0.2973* | $324,281 | 0.43% |
| Q2 2021 | 16-Jun | 1,090,630 | $0.2332* | $254,363 | 0.34% |
| Q3 2021 | 16-July |
246,516 |
$0.1839* | $45,333 | 0.06% |
| Q3 2021 | 16-Aug |
246,516 |
$0.2062* | $50,844 | 0.07% |
| Q3 2021 | 16-Sep |
246,516 |
$0.3040* | $74,941 | 0.10% |
| Q4 2021 | 16-Oct |
14,893,333 |
$0.3643* | $5,425,641 | 7.20% |
| Q4 2021 | 16-Nov |
14,893,333 |
$0.3982* | $5,930,525 | 7.88% |
| Q4 2021 | 16-Dec |
14,893,333 |
$0.3139* | $ 4,675,117 | 6.21% |
| Q1 2022 | 16-Jan |
5,614,211 |
$0.2967* | $1,665,624 | 2.21% |
| Q1 2022 | 16-Feb |
5,614,211 |
$0.2372* | $1,331,597 | 1.77% |
| Q1 2022 | 16-Mar |
5,614,211 |
$0.2181* | $1,224,628 | 1.63% |
| Q2 2022 | 16-Apr |
152,569 |
$0.2209* | $33,697 | 0.04% |
| Q2 2022 | 16-May |
152,569 |
$0.1479* | $22,575 | 0.03% |
| Q2 2022 | 16-Jun |
152,569 |
$0.0890* | $13,583 | 0.02% |
| Q3 2022 | 16-Jul |
9,756,089 |
$0.06611* | $644,943 | 0.86% |
| Q3 2022 | 16-Aug |
9,756,089 |
$0.07420* | $723,892 | 0.96% |
| Q3 2022 | 16-Sept |
9,756,089 |
$0.06435* | $627,782 | 0.83% |
| Q4 2022 | 16-Oct |
5,857,799 |
$0.059540* |
$348,773 |
0.46% |
| Q4 2022 | 16-Nov |
5,857,799 |
$0.056870* | $333,131 | 0.44% |
| Q4 2022 | 16-Dec |
5,857,799 |
$0.048105* |
$281,791 |
0.37% |
| Q1 2023 | 16-Jan |
8,563,778 |
$0.042616* |
$364,952 |
0.48% |
| Q1 2023 | 16-Feb |
8,563,778 |
$0.070743* |
$605,829 |
0.80% |
| Q2 2023 | 16-Mar |
8,563,778 |
$0.071125* |
$609,102 |
0.81% |
| Q2 2023 | 16-Apr |
6,253,813 |
$0.065004* |
$406,520 |
0.54% |
| Q2 2023 | 16-May |
6,253,813 |
$0.058846* |
$368,014 |
0.49% |
| Q2 2023 | 16-Jun |
6,253,813 |
$0.050071* |
$313,425 |
0.42% |
| Q3 2023 | 16-Jul |
8,329,467 |
$0.048874* |
$407,097 |
0.54% |
| Q3 2023 | 16-Aug |
8,329,467 |
$0.055195* |
$459,746 |
0.61% |
| Q3 2023 | 16-Sep |
8,329,467 |
$0.054183* |
$451,318 |
0.60% |
| Q4 2023 | 16-Oct |
8,120,296 |
$0.049064* |
$398,412 |
0.53% |
| Q4 2023 | 16-Nov |
8,120,296 |
$0.054261* |
$440,614 |
0.59% |
| Q4 2023 | 16-Dec |
8,120,296 |
$0.066456* |
$539,644 |
0.72% |
| Q1 2024 | 16-Jan |
9,440,799 |
$0.085279* |
$805,099 |
1.07% |
| Q1 2024 | 16-Feb |
9,440,799 |
$0.075284* |
$710,744 |
0.94% |
| Q1 2024 | 16-Feb |
9,440,799 |
$0.075284* |
$710,744 |
0.94% |
| Q1 2024 | 16-Mar |
9,440,799 |
$0.115270* |
$1,088,240 |
1.45% |
| Q2 2024 | 16-Apr |
6,821,191 |
$0.105006* |
$716,265 |
0.95% |
| Q3 2024 | 16-Aug |
8,194,120 |
$0.063014* |
$516,346 |
0.94% |
| Total Distributed | - |
427,787,553 |
- |
$42,084,945 |
55.89% |
| Outstanding |
$33,210,132 |
44.11% | |||
*At the time of each distribution, Hedera will calculate the dollar value of the distribution based on the 30-day trailing average price of hbars (or the spot price, if Hedera commences daily distributions) on CoinMarketCap.com or another third-party source that we determine to be reliable. That dollar value per hbar at the time of distribution will be reported in the same manner as the Prior Period Sales, enabling both Hedera and the SAFT holders to calculate the total value of each distribution, and to determine the cumulative value being applied against the Bonus Allocation “cap.”