Echelon Foundation: Parallel Founders unlocking time will be postponed by one year to June 2025

06/11 01:10

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On June 11th, Echelon Foundation stated that, at the request of the founder of Parallel Studios, adjustments are being made to the Founder PRIME token issuance unlocking schedule, as follows:

·The unlocking schedule for Parallel Studios Treasury will be delayed by one year until June 2025 and will end in December 2027;

·The unlocking schedule for Parallel Founders will be delayed by one year until June 2025;

·The unlocking schedule for Parallel founders will be extended by one year, which will change the end date for the release of founder tokens to December 2027;

·In addition to the 600,000 PRIME tokens locked for 3 years, Parallel founders will also extend the existing cache tokens in the Wayfinder cache smart contract until June 2025.

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