“Instead of paying out my vested tokens in December 2021, I converted my vested portion of tokens to USD at the OTC price and Secret Foundation distributed these funds as a dividend,” Bair wrote. OTC stands for over-the-counter, referring to the off-exchange market price. “The amount of tokens vested was 375,000 SCRT. The amount of the dividend distribution was $2.625M, which is the OTC price of $7 multiplied by the tokens vested.”
Secret Blockchain Suffers Departures as Foundation Founder Tor Bair’s $2M-Plus Dividend Sparks Outcry
