Entangle announces adjustment of the unlocking plan of NGL token

The cross-chain interoperability project Entangle issued an announcement announcing major adjustments to the unlocking plan of its token NGL, emphasizing that these adjustments are to ensure the long-term development of the project, and plans to announce a new architecture plan in the coming weeks to address the scalability challenges faced by Web3. Under the new plan, private placement investors can choose to unlock all remaining tokens in advance on October 1, but they must accept a 37.5% discount. Similarly, KOLs can also choose to unlock the full amount, but the discount rate is 47.5%. The team token allocation remains unchanged, but 30% of the destruction has been completed, and the unlocking period has been extended from the original 6 months to 12 months, and the total vesting period has been extended to 30 months. The deducted tokens will be deposited in smart contracts for marketing, grants, and project expenses.