Entangle announced the adjustment of TokenNGL's unlocking plan

Odaily Planet Daily News Cross-Chain Interaction project Entangle has announced a major adjustment to its TokenNGL unlocking plan, emphasizing that these adjustments are made to ensure the long-term development of the project. They also plan to announce a new architectural plan in the coming weeks to address the scalability challenges faced by Web3. Under the new plan, private sale investors can choose to unlock the remaining tokens in full on October 1st, but at a 37.5% discount. Similarly, KOLs can also choose to unlock in full, but at a discount rate of 47.5%. The team’s token allocation remains unchanged, but 30% has been destroyed, and the unlocking period has been extended from the original 6 months to 12 months, with a total vesting period of 30 months. The deducted tokens will be stored in a Smart Contract for marketing, grants, and project expenses.