Upcoming SVC001 Snapshot for Venture Fund 1 Distributions
An SVC001 snapshot will be taken on Tuesday 5th April (5pm ET) in order to finalize eligible wallets for future token distributions...
With Venture Fund 1 gearing up for dissolution in a number of weeks, a final snapshot of SVC001 and SVC001V balances will be taken next week to make the transfer process simpler over the long term.
This applies to Venture Fund 1 participants who both claimed and didn’t claim their ETH and now hold either SVC001 [contract], SVC001V [contract], or a mix of both.
These wallets will be the final, fixed destinations for future token unlocks. Now is the time for contributors to move SVC001/SVC001v to whatever wallet they want to remain as that address.
So, in short, contributors need to either...
1️⃣ Do nothing. As they’re happy with the wallet that holds their SVC001/SVC001V tokens for the long-term.
2️⃣ Move their SVC001/SVC001V tokens to the wallet of their choosing before Tuesday 5th April @ 5pm ET.
As always, you can drop into Discord with any questions about Venture Fund 1 and the dissolution process. Don’t forget to use the Collab.Land bot with SVC001/SVC001v in your connected wallet to access the VF1 channels.
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