- He is the largest holder of the coins
- Now they need to be returned to the Evmos Foundation
The Evmos team recently commented on Twitter about the EVMOS token sale. It turns out that project co-founder Ashish Khosla wanted to sell a significant number of coins after he left.
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The address reportedly refers to an investor wallet that has a four-year vesting period. And also a cliff (blockchain) period of 1 year.
The wallet currently has over 11.5 million delegated EVMOS tokens, making it the largest delegate in the network.
The other day, Khosla tried to get rid of half a million EVMOS worth about $70,000 through a decentralized exchange in the Osmosis ecosystem.
“Co-founder contributions to our repos are also public on our GitHub.
The token transfer to the delegate was the result of operational inconsistencies and disagreements over responsibility and reliability.
We are actively working with this person to get the tokens back into the Evmos Foundation.
This is just one of the issues raised by the community that we want to actively address now and in the coming days as part of our roadmap,” said the team.
The price of the ecosystem token has more than doubled since Khosla left, falling from $0.3 to $0.14.