The cross-chain interoperability project Entangle has announced adjustments to the unlocking plan for its token NGL to ensure the long-term development of the project. Private investors and KOLs can choose to unlock their tokens early, but they will have to accept a discount. The token distribution for the team remains unchanged, but the unlocking period has been extended to 12 months, with the total vesting period extended to 30 months.

Odaily Planet Daily reports that the cross-chain interoperability project Entangle has announced a significant adjustment to its token NGL unlocking plan. The project emphasizes that these adjustments are intended to ensure long-term development. They plan to disclose a new structural plan in the coming weeks to address the scalability challenges faced by Web3. According to the new plan, private investors can choose to unlock all remaining tokens early on October 1, but must accept a 37.5% discount. Similarly, key opinion leaders (KOLs) can also opt for full unlocking, but at a discount rate of 47.5%. The team's token distribution remains unchanged; however, 30% of the tokens have 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 deducted tokens will be stored in a smart contract for marketing, grants, and project expenses.

Entangle announces adjustments to the unlocking plan for the NGL token.