The Bio Protocol core team's tokens originally scheduled for unlocking on May 28 have been postponed to a six-month linear release starting in November
PANews reported on May 28 that, according to information from the Snapshot voting page, the Bio Protocol community passed the proposal to "adjust the unlocking plan for team and advisor BIO tokens" with 100% support. The tokens originally scheduled to be unlocked on May 28 (accounting for 4.23% of the total supply) will be postponed to begin a six-month linear release starting November 15. The proposal outlines three reasons for the adjustment: to control the circulation in the early stages of the protocol; to allow the community to focus more on product development and ecosystem building; and to demonstrate the team's commitment to the long-term development of the project. The current unlocking plan includes a six-year vesting period with a one-year lock-up period.
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

Solana Co-Founder Mocks MetaMask: Changing metamask.eth to metamask.sol Makes Sense
Analyst: U.S. Bitcoin Spot ETF Institutional Holdings Decline in Q1 2025
Trending news
MoreCrypto prices
More








