XAI token unlock adjustment: Team share postponed, this month's unlock share reduced from about 85 million to about 17.7 million tokens

ChainCatcher news, the Arbitrum ecosystem game Layer3 solution XAI announced on social platforms that ahead of the upcoming token unlock, XAI contributors have agreed to re-lock the tokens originally scheduled for unlock in July and distribute them to unlock over the next 6 months. As a result, the team's July unlock share has been reduced from approximately 85 million to about 17.7 million tokens.

XAI updated the specific details of the July token unlock, including: approximately 72.3 million for investors, about 17.7 million for the team, around 4.2 million for advisors, about 5.2 million for DAC, and approximately 8.5 million for the Xai Foundation, totaling about 107.9 million tokens. The current circulating supply of XAI is approximately 300 million tokens, and the unlocked tokens are expected to increase the circulating supply by about 36%.

XAI stated that its tokens will be unlocked daily rather than in a single monthly unlock.