Vesting & Lock-Up Framework

To ensure long-term alignment between management, investors, and the underlying mining operations, NickelX adopts a disciplined vesting and lock-up structure designed to preserve market stability and reinforce operational credibility.

Team & Management Allocation

Tokens allocated to the team and management are subject to a strict vesting schedule to ensure sustained commitment and value creation:

• 12-month cliff, during which no tokens are released
• Linear vesting over 36 months thereafter, promoting long-term alignment with project performance

Treasury & Operations Allocation

Tokens reserved for treasury and mining operations are not freely circulating and may only be released:

• Upon formal board approval
• In alignment with clearly defined operational milestones, including mine acquisition, production expansion, or infrastructure development

This approach ensures that token issuance is directly correlated with tangible asset growth and revenue-generating capacity.

Ecosystem & Liquidity Allocation

Tokens designated for ecosystem development and liquidity provisioning are released in a controlled and phased manner to:

• Support strategic partnerships and market functionality
• Avoid excessive market supply pressure
• Maintain orderly trading conditions and price stability