PANews reported on May 20 that according to the official announcement, the Bio Protocol community is voting on the BIOPSY proposal to adjust the BIO token unlocking plan for the team and advisors. The tokens originally scheduled to be unlocked on May 28 (accounting for 4.23% of the total supply) will be postponed to November and released linearly over 6 months. The proposal proposes three reasons for the adjustment: to control the circulation in the early stages of the protocol; to make the community more focused on product development and ecological construction; and to demonstrate the team's commitment to the long-term development of the project. The current unlocking plan is a 6-year vesting period with a 1-year lock-up period. The proposal is currently in the community governance voting stage, and the final implementation plan will be determined based on the voting results.
The Bio Protocol community initiated a proposal vote on "adjusting the BIO token unlocking plan for the team and consultants"
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