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The decentralized lending protocol Echelon announces a postponement of the token unlock time for Parallel's founder.
Gate News bot message, According to official news from Echelon, the token unlocking schedule originally planned to start today for Parallel's founder has been postponed by one month.
The Echelon Foundation is working with the studio to develop a comprehensive plan that will detail the specific quantity of tokens to be unlocked and the unlocking schedule. The token unlocking work will begin after the official announcement of this plan.
In June 2023, the Echelon Foundation adjusted the "Founder PRIME" token issuance unlocking schedule at the request of the founder of Parallel Studios: the unlocking time for the Parallel Studios Treasury has been extended to start in June 2025 and end in December 2027; the unlocking time for the Parallel founder tokens has also been postponed to June 2025 and will be completed in December 2027. In addition to the locked 600,000 PRIME for 3 years, the Parallel founders will also postpone the tokens in the Wayfinder cache smart contract until June 2025.