AltLayer announces changes to its token vesting schedule as it gears up for a $109 million ALT token unlock, aiming to support long-term ecosystem stability.
Points
- AltLayer announces changes to its token vesting schedule.
- First token unlock set for July 25, 2024.
- Vesting paused between July 26, 2024, and January 24, 2025.
- Monthly vesting for investors and partners for two years, and for the team and treasury for three years.
AltLayer has announced significant changes to its token vesting schedule as the decentralized rollups protocol prepares for its first unlock of ALT tokens worth $109 million. The protocol also posted the changes on its X account, providing detailed information about the new vesting schedule.
New Vesting Schedule Details
The first unlock of ALT tokens is set for July 25, 2024. Following this initial unlock, vesting will be paused between July 26, 2024, and January 24, 2025. The next unlock will occur on January 25, 2025. This pause in vesting aims to ensure the stability and growth of the ecosystem during a critical period.
Extended Vesting Periods
In addition to pausing unlocks for investors, teams, treasury, and advisors for six months, AltLayer has also implemented a new schedule with a monthly vesting period for the next two years for investors and partners, and for the next three years for the team, treasury, and others. This new timeline, which begins on January 25, 2025, reflects AltLayer’s commitment to supporting the long-term stability and growth of its ecosystem.
Market Impact and Investor Confidence
The announcement of the new vesting schedule has had a positive impact on the price of ALT, which was up 5% after the news, trading at around $0.16. This strategic move is expected to enhance investor confidence by demonstrating AltLayer’s commitment to sustainable growth and stability.
解説
- Vesting Schedule: Details of AltLayer’s new token vesting schedule and its impact.
- Strategic Pause: Importance of pausing vesting to ensure ecosystem stability.
- Extended Periods: Monthly vesting for investors and team to support long-term growth.
- Market Reaction: Positive impact on ALT’s price and investor confidence.