The pABI tokens are locked and vest over a period of three years. They are unlocked linearly every quarter.
Total issuance of pABI is 2x initial supply and set to 385,000. pABI was sold to early investors in the project and will not provide any backing to the treasury.
On unlock, the pABI holder has two options:
1. Redeem pABI for ABI. To do this, they must lock the backing value of ABI into the Abachi treasury. e.g. if the Backing Value of Abachi is $20, they must lock $20 into the treasury to redeem this for an ABI.
2. Sell the pABI to Abachi for the backing price. This will drive the overall treasury to decrease, however these tokens are then burnt and no ABI token will be issued from them, permanently removing them from the supply.