Hedera and Swirlds came to an agreement on the purchase price for the hashgraph IP based on a number of factors. The purchase price was largely derived from a net present value (NPV) calculation of the cost to buy out the pre-existing master license agreement with Swirlds, through which Hedera paid Swirlds monthly license fees to use the hashgraph IP (that agreement is now being terminated). The purchase agreement also includes a non-compete clause for Swirlds, Mance Harmon, and Dr. Leemon Baird. The purchase price for the hashgraph IP paid by Hedera Hashgraph, LLC to Swirlds, Inc. was 292,682,666.871142 hbars, representing a USD value of $76,340,420. The conversion price used was $0.26083/hbar, which is the 30-day trailing average USD price of hbars as of January 31, 2022.
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Articles in this section
- How was the hashgraph IP purchase price calculated?
- What decisions have been made and who made those decisions?
- How will Swirlds Labs and Hedera work together in the future, and what is the distinction between these organizations?
- How will Swirlds interact with the Governing Council?
- When will the transition of Hedera staff to Swirlds Labs take place?
- Who from the Hedera executive leadership team is moving to Swirlds Labs?
- What is Swirlds Labs vision/multi-year plan? What are the additional service offerings that Swirlds Labs will provide?
- Who will be left at Hedera / who is not moving?
- Will Hedera’s Board of Directors be the same after the executive leadership transitions to Swirlds Labs?