The tokens that were originally scheduled to be unlocked by the Bio Protocol core team on May 28 have been postponed to November and released linearly over 6 months
PANews reported on May 28 that according to the information on the Snapshot voting page, the Bio Protocol community voted with 100% support for the proposal of "adjusting the BIO token unlocking plan of the team and consultants", and the tokens originally scheduled to be unlocked on May 28 (accounting for 4.23% of the total supply) will be postponed to November 15 and will be released linearly in 6 months. The proposal proposes three rationales for adjustment: controlling the amount of liquidity in the early stages of the protocol; Enabling the community to focus more on product development and ecological construction; Demonstrate the team's commitment to the long-term development of the project. The current unlocking scheme is a 6-year vesting period with a 1-year lock-up period.
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