Entangle adjusts NGL unlocking plan, private investors and KOLs can choose to unlock in advance
Foresight News reported that the cross-chain interoperability project Tangle has issued an announcement, announcing a major adjustment to its token NGL unlocking plan. According to the new plan, private investors can choose to unlock the remaining tokens in full on October 1st, but will need to accept a 37.5% discount. KOLs can also choose to unlock the full amount, but the discount rate will be 47.5%. The team token allocation remains unchanged, but 30% of the tokens have been burned, and the unlocking period has been extended from the original 6 months to 12 months, with the total vesting period extended to 30 months. The deducted tokens will be deposited into a smart contract for use in marketing, grants, and project expenses.
