Echelon Foundation: Parallel Founders unlocking time will be postponed by one year to June 2025

Bitget App

Trade smarter

Cointime2024/06/11 01:25

By:Cointime

On June 11th, Echelon Foundation stated that, at the request of the founder of Parallel Studios, adjustments are being made to the Founder PRIME token issuance unlocking schedule, as follows:

·The unlocking schedule for Parallel Studios Treasury will be delayed by one year until June 2025 and will end in December 2027;

·The unlocking schedule for Parallel Founders will be delayed by one year until June 2025;

·The unlocking schedule for Parallel founders will be extended by one year, which will change the end date for the release of founder tokens to December 2027;

·In addition to the 600,000 PRIME tokens locked for 3 years, Parallel founders will also extend the existing cache tokens in the Wayfinder cache smart contract until June 2025.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.

The Block•2025/01/30 21:34

'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT

The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”

The Block•2025/01/30 21:34