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

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ForesightNews
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Sep 26, 2024

The cross-chain interoperability project Entangle has announced an adjustment to the unlocking plan for its token NGL. Private investors can choose to unlock the remaining tokens early on October 1st, but must accept a 37.5% discount. KOLs can also choose to unlock the full amount, but at a discount rate of 47.5%. The team token allocation remains unchanged, but 30% has been burned, extending the unlocking period to 12 months and the total vesting period to 30 months. The deducted tokens will be deposited into a smart contract for marketing, grants, and project expenses.

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