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Echelon: Parallel founder's token unlocking date will be postponed by one month

Foresight News
Foresight News|Jul 01, 2025 02:33
According to Foresight News, Echelon, a decentralized lending protocol, tweeted that the unlocking of Parallel founder tokens, originally scheduled to begin today, will now be postponed by one month. At present, the foundation is working closely with the studios to develop a comprehensive plan that outlines the specific number of tokens to be unlocked and the unlocking schedule. Unlocking will begin after the plan is announced. Foresight News previously reported that the Echelon Foundation had tweeted in June last year that it was adjusting the "Founder PRIME" token issuance unlocking schedule at the request of the founders of Parallel Studios. The changes are as follows: the unlocking schedule for Parallel Studios Treasury will be postponed by one year to June 2025 and will end in December 2027; The Parallel founder's unlocking schedule will be postponed by one year to June 2025, and the end date of the release will be changed to December 2027; In addition to the 600000 PRIME tokens that have been locked in for 3 years, Parallel's founder will also extend the existing cache tokens in Wayfinder's cache smart contracts until June 2025
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