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The founding team's token allocation for the blockchain game Parallel has been extended to a 10-year linear unlocking schedule, and is entrusted to institutional management.

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ForesightNews
353Words
Nov 12, 2024

According to Foresight News, the Echelon Prime Foundation, which supports the blockchain game Parallel, announced that although the founders of Parallel Studios decided to lock their tokens for one year and doubled the vesting timetable six months ago, the founding team and the Echelon Prime Foundation have now decided to transfer all tokens to a new contract. They will initiate a new 10-year vesting plan, granting them 10% equity each year over the 10 years. These tokens will be managed by professional institutions based on the recommendations of the Echelon Prime Foundation, rather than being handled directly by the founding team members.

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