Today, with the rapid development of blockchain technology, ALT token, as an emerging digital asset, is attracting the attention of more and more investors and communities. As the day of the first ALT token unlock approaches, let’s take a closer look at the recent changes to the ALT token, specifically adjustments to its licensing schedule, and the impact these changes have on the ecosystem.
First unlocked: July 25, 2024
According to the official announcement, the first unlocking of ALT tokens will be on July 25, 2024. This day is an important milestone for all holders as it will mark the beginning of token circulation. At this point in time, the wider community will be able to see their investment begin to realize value.
However, ahead of the big day, the ALT team decided to make adjustments to the authorization timeline, a decision that was made with the mutual consent of all stakeholders.
Adjustments to authorization schedule
Under the new authorization schedule, all stakeholders will receive a six-month authorization suspension after initial unlocking. Specifically, this means that from July 26, 2024, to January 24, 2025, there will be no new tokens unlocked. The purpose of this decision is to ensure the long-term stability and growth of the ecosystem.
During this six-month period, investors, team members, advisors, and other interested parties will not receive new tokens to be unlocked. This strategic move is designed to reduce market volatility and lay a stronger foundation for future growth.
Future unlocking plans
After the six-month licensing suspension ends, the next token unlock will take place on January 25, 2025. From this date, tokens will be delegated linearly on a month-by-month basis according to the new rules:
Investors: Tokens will be linearly vested over two years.
Team, advisors, treasury and other relevant parties: Tokens will be linearly vested over three years.
Such a licensing arrangement can not only promote market stability, but also inspire long-term commitment from all participants, further promoting the development of the ALT ecosystem.
Long-term stability and growth of ecosystems
The ALT team states that their only goal is to support the long-term stability and growth of the ecosystem. This change will help preserve the value of the token and support the healthy development of the entire ecosystem. With the support of the community, the ALT team believes that this update will promote further growth of the ecosystem.
Accelerating the future of Ethereum: The development of the ALT token is not just the success of a single token, but part of the entire blockchain ecosystem. By cooperating with Ethereum, the ALT team hopes to accelerate the development of Ethereum and provide users with better services. This is not only a commitment to investors, but also a responsibility to the entire blockchain community.
Conclusion
As the date for the first unlocking of ALT tokens approaches, we are looking forward to seeing how this emerging asset performs in the market. This adjustment to the authorization schedule is undoubtedly to ensure the long-term stability and growth of the ecosystem. The joint efforts of the ALT team and the community will lay a solid foundation for future development.