Swirlds, Inc. is a privately held company and is not obligated to publicly disclose financial information. However, as the original member of the Hedera Hashgraph, LLC, Swirlds believes it is beneficial to the Hedera community to share information concerning the allocation, sell and distribution of hbars by Swirlds.
As part of a license agreement with Hedera, Swirlds was allocated 2,500,000,000 hbars. Swirlds created a coin plan that allocated 375,000,000 hbars of the 2,500,000,000 for distribution to Swirlds employees. The initial distribution for January 31, 2021 occurred on February 1, 2021 and future distributions will occur monthly in accordance with the Swirlds coin plan and individual restricted coin unit agreements at the end of each month.
Also included in Swirlds allocation are 1,010,714,000 coins retained by Swirlds for future dividend distribution to Swirlds Series A Preferred investors.
Note: Mance Harmon and Leemon Baird, co-founders of Swirlds, Inc. and Hedera Hashgraph, LLC, have not received distributions from the allocation of coin plan coins or Series A Preferred dividend distributions.