Insider trading policy
$GALEON is traded on public crypto markets, and some Galeon announcements can move its price. Galeon team members have access to key business information before it is published: this policy sets how they may acquire, sell and trade $GALEON.
Confidential information
Critical business information is confidential until the Marketing team publishes it officially, and some of it stays confidential. Some team members can have access to critical information. They are formally not allowed to share it with anyone: colleagues, friends, family, relatives or others, until an announcement is officially and openly published. If an employee does not respect these rules, see the sanctions section.
Acquiring $GALEON
Team members may acquire $GALEON by swapping it on a decentralized exchange (DEX) such as PancakeSwap. Galeon takes no part in these swaps.
| Case | Rule |
|---|---|
| Swap on a decentralized exchange and hold for 3 years | Allowed |
| Swap for unlocked tokens to trade them later | Allowed, but at risk of insider trading (see the trading rules below) |
Selling $GALEON
Selling is part of the life of a token and is allowed under these rules:
| Case | Rule |
|---|---|
| Selling tokens or rewards that were vested or staked | Allowed, subject to the announcement rules below |
| Selling 4 days or more after a major announcement | Allowed, if it is not trading (see below) |
| Selling less than 4 days after a major announcement | Forbidden |
Trading $GALEON
Here, trading means buying and selling $GALEON within a short period (less than 3 months). Team members are not allowed to trade $GALEON over a short period, except with the approval of the CEO. If an employee does not respect these rules, see the sanctions section.
| Time between buying and selling | Rule |
|---|---|
| Less than 1 month | Forbidden |
| 1 to 3 months | Requires the approval of the CEO, for a good reason other than making quick money |
| 3 to 6 months | Tolerated, according to company policy, within a reasonable amount (less than $5,000 worth) |
| More than 6 months | Allowed, subject to the rule of selling 4 days or more after a major announcement |
Sanctions
Any breach of these rules is severely sanctioned, up to termination of employment.