PANews reported on May 28 that according to the Snapshot voting page, the Bio Protocol community voted with 100% support to "adjust the BIO token unlocking plan for the team and consultants". 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 released linearly over 6 months. The proposal puts forward three reasons for the adjustment: controlling the circulation in the early stages of the protocol; making the community more focused on product development and ecological construction; and demonstrating the team's commitment to the long-term development of the project. The current unlocking plan is a 6-year vesting period with a 1-year lock-up period.
The Bio Protocol core team postponed the unlocking of tokens originally scheduled for May 28 to November and released them linearly over 6 months
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Author: PA一线
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