Sherwood: Team tokens have been locked, and the original vesting period has been extended.
Foresight News reported that Sherwood, a representative from a financial capital tier at a certain exchange, posted on Twitter that the team's tokens have been locked. The team allocation accounts for 15% of the total supply. The original plan was a 6-month cliff unlock and a 1-year linear release, but it has now been changed to a 1-year cliff unlock and a 2-year linear release. Since the exchange's Chain does not yet have a mature token-locking platform, the team independently developed a locking contract and manually completed the lock.
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.
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