TechFlow reports that cross-chain interoperability project Entangle has announced a major adjustment to the unlock schedule for its $NGL token. Under the new plan, private investors can choose to unlock all remaining tokens early on October 1, but must accept a 37.5% discount. Similarly, KOLs may also opt for full unlocking at a 47.5% discount.
The team's token allocation remains unchanged, but 30% of the team's portion has already been burned, and the vesting period has been extended from the original 6 months to 12 months, with the total vesting period now lasting 30 months.
The withheld tokens will be deposited into a smart contract for marketing, grants, and project expenses. Entangle emphasized that these adjustments are intended to ensure the project's long-term development and stated it plans to release a new architectural roadmap in the coming weeks to address scalability challenges facing Web3.
