Entangle Announces Major Adjustments To NGL Token Unlock Plan

According to Odaily, cross-chain interoperability project Entangle has announced significant changes to its NGL token unlock plan. The adjustments aim to ensure the project's long-term development and address scalability challenges in Web3. The new framework will be revealed in the coming weeks. Under the revised plan, private investors have the option to unlock all remaining tokens early on October 1, but they must accept a 37.5% discount. Similarly, Key Opinion Leaders (KOLs) can choose to unlock their tokens in full, with a 47.5% discount. The team’s token allocation remains unchanged, but 30% of the tokens have been burned. Additionally, the unlock period has been extended from the original six months to twelve months, with the total vesting period now extended to 30 months. The deducted tokens will be stored in a smart contract for marketing, grants, and project expenses.