Immutable extends the unlocking period of 125 million IMX to July next year
ChainCatcher news, Immutable co-founder Robbie Ferguson announced that 125 million IMX tokens allocated for the development of the Immutable project will be re-locked for another year, which were originally scheduled to be unlocked in the coming weeks. This re-locking of the allocation will last at least until July 2024.
Ferguson also stated that the final unlocking mechanism will be updated to make it smoother. "At least, when we finally decide to unlock these tokens, they will be released according to a monthly linear vesting schedule over time, rather than a cliff unlock."
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
