StarkWare Alters Token Unlock Schedule

StarkWare has released an update on the X platform stating that, after considering feedback from the ecosystem community and collaborators, it is making changes to the token unlock schedule for early contributors and investors, making it more gradual. The revised schedule is as follows: 0.64% of the initially minted 10 billion tokens (64 million tokens) will unlock on April 15th, instead of the originally planned 13.4% (1.34 billion tokens). The gradual unlocking will continue at a monthly rate of 0.64% (64 million tokens) until March 15th, 2025, and then switch to a monthly rate of 1.27% (127 million tokens) for the following 24 months until March 15th, 2027. Under the new unlock plan, the early contributors and investors will have 580 million tokens unlocked by the end of 2024, compared to the previous plan of 2 billion tokens. An additional 1.4 billion tokens will unlock by the end of 2025 in a progressive manner, followed by another 1.5 billion by the end of 2026, and 380 million by March 15th, 2027.