Odaily Planet Daily News According to official sources, Taiko has announced the details of the TAIKO Token lock-up and vesting plan:
1. Token Distribution Arrangement:
Investors: 11.62% of the total token supply
Taiko Labs Core Team (First Time Execution): 9.81695% of the total Token supply
2, vesting and unlocking schedule:
vesting term: 4 years
Initial Lockup: 12 months from TGE
TGE Date: June 5, 2024
After the initial lock-up period:
25% of the vested tokens can be unlocked
The remaining 75% will be linearly unlocked over the next 3 years.
The purpose of this structure is:
- Encourage long-term commitment;
- Mitigate potential market Fluctuation;
- Combine stakeholder returns with long-term project success.
As shown in the figure, the green part Token has been released;
The yellow part of the Token is expected to be released in 2-4 years;
The orange part Fiat Currency follows a strict release schedule: Tokens become available one year after launch, and gradually release over the next three years until all tokens are fully liquid after 4 years from TGE.
The pink Token is reserved for protocol development, DAO governance, and prover network, and is expected to be fully distributed over a period of 5 years or more.