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Echelon Foundation: Adjusting the "Founder PRIME" Token Unlock Schedule

Sep 12, 2024 08:20:48

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ChainCatcher news, the Echelon Foundation stated on social media that, at the request of the founder of Parallel Studios, it is adjusting the unlock schedule for the "Founder PRIME" token issuance, with the following changes:

  • The unlock schedule for the Parallel Studios Treasury will be postponed by one year to June 2025, ending in December 2027;
  • The unlock schedule for Parallel Founders will be postponed by one year to June 2025;
  • The unlock schedule for Parallel Founders will be extended by one year, changing the end date for the release of the founders' tokens to December 2027;
  • In addition to the already locked 600,000 PRIME for 3 years, Parallel Founders will also postpone the existing cached tokens in the Wayfinder cache smart contract until June 2025.

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