According to BlockBeats news, on May 20, Bio Protocol announced on social media that it initiated the BIOPSY proposal: to re-vest team and advisor tokens. The proposal aims to update the upcoming unlocking of BIO team and advisor tokens: · The team and advisor tokens are currently set for a 6-year vesting period, including a 1-year lock-up position, accounting for 4.23% of the total supply, originally scheduled to unlock on May 28, 2025. · The proposal suggests delaying the unlocking originally scheduled for May 28, 2025, by 6 months, to begin unlocking in November 2025. · The unlocking method will no longer be a one-time release but will be linearly unlocked over 6 months from November 2025 to May 2026.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bio Protocol has proposed to postpone and linearly unlock team and advisor tokens.
According to BlockBeats news, on May 20, Bio Protocol announced on social media that it initiated the BIOPSY proposal: to re-vest team and advisor tokens. The proposal aims to update the upcoming unlocking of BIO team and advisor tokens: · The team and advisor tokens are currently set for a 6-year vesting period, including a 1-year lock-up position, accounting for 4.23% of the total supply, originally scheduled to unlock on May 28, 2025. · The proposal suggests delaying the unlocking originally scheduled for May 28, 2025, by 6 months, to begin unlocking in November 2025. · The unlocking method will no longer be a one-time release but will be linearly unlocked over 6 months from November 2025 to May 2026.