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"Last month, MVL announced that it would carry out a permanent lockup for unreleased volumes at the time of ICO. We will tell you specific situation and schedule about the related contents.
– Of the 8.7 billion MVL sold at the time of ICO sale, tokens that were not sold were about 2.2 billion MVL. We has been announced that about 2.2 billion MVL that were not sold will be permanently locked up after listing on exchanges. As a result, we plan to carry out a permanent lockup for a total of 2.2 billion MVL sales on August 10, 2018 (exact time will be announced later).
– The permanent lock-up scheme will permanently be locking up the MVL in the three wallets we open.
There are about 1.9 billion MVL in one wallet and about 300 million MVL in the other two wallets. Two wallets with 300 million MVL are wallets that were once hacked in Coinrail, so all of them will be permanently locked in consideration of the risk of the wallet. In order to secure the safety of supporters’ tokens that are still locked in Coinrail, we will replace them with the amount of tokens that was to be burned. (300 million MVL).
In conclusion, the unsold volume of about 2.2 billion MVL is exactly permanently locked up."