Echelon Foundation: Parallel Founders unlocking time will be postponed by one year to June 2025
On June 11th, Echelon Foundation stated that, at the request of the founder of Parallel Studios, adjustments are being made to the Founder PRIME token issuance unlocking schedule, as follows:
·The unlocking schedule for Parallel Studios Treasury will be delayed by one year until June 2025 and will end in December 2027;
·The unlocking schedule for Parallel Founders will be delayed by one year until June 2025;
·The unlocking schedule for Parallel founders will be extended by one year, which will change the end date for the release of founder tokens to December 2027;
·In addition to the 600,000 PRIME tokens locked for 3 years, Parallel founders will also extend the existing cache tokens in the Wayfinder cache smart contract until June 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
EigenLayer AVS ARPA to launch native restaking rewards soon
Bitwise CIO predicts significant crypto rally as macro uncertainty fades in Q4
Bitwise CIO Matt Hougan expects a significant crypto rally after current macro uncertainty starts to lift in the fourth quarter.September is the worst month for bitcoin price performance, with the cryptocurrency falling by an average of 4.5% during its trading history.
Ethereum (ETH) Struggles To Hit $2700 Again Whilst Mpeppe (MPEPE)’s Investors Pool Grows
