Entangle announces adjustments to the NGL unlocking plan, allowing private investors and KOLs to choose early unlocking.

According to a report from Deep Tide TechFlow, the cross-chain interoperability project Entangle has announced significant adjustments to its token $NGL unlocking plan. Under the new scheme, private investors can choose to unlock all remaining tokens in advance on October 1, but they must accept a 37.5% discount. Similarly, KOLs can also opt for full unlocking, but the discount rate is 47.5%. The team’s token allocation remains unchanged, but 30% of the tokens have already been burned, and the unlocking period has been extended from the original 6 months to 12 months, with the total vesting period extended to 30 months. The withheld tokens will be deposited into a smart contract for marketing, grants, and project expenditures. Entangle emphasizes that these adjustments are aimed at ensuring the long-term development of the project, and plans to announce a new structural plan in the coming weeks to address the scalability challenges faced by Web3.