Bio Protocol proposes to postpone and linearly unlock team and advisor tokens

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On May 20, Bio Protocol announced on social platforms a BIOPSY proposal: Reallocation of team and advisor tokens. The proposal aims to update the upcoming BIO team and advisor token unlocking:

· Team and advisor tokens are currently set with a 6-year vesting period, including a 1-year lock-up period, representing 4.23% of the total supply, originally scheduled to be unlocked on May 28, 2025.

· The proposal suggests postponing the originally planned unlocking on May 28, 2025, by 6 months, with unlocking to begin in November 2025.

· The unlocking method will no longer be a one-time release, but will be linearly unlocked over 6 months from November 2025 to May 2026.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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