Taiko announces details of token lock-up and vesting plan: investor and team tokens will be vested within 4 years

Odaily News According to official news, Taiko 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 execution): 9.81695% of the total token supply 2. Vesting and unlocking schedule: Vesting period: 4 years Initial lock-up: 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% are unlocked linearly over the next 3 years The purpose of this structure is to: -Encourage long-term commitment; -Mitigate potential market fluctuations; -Align stakeholder returns with the long-term success of the project. As shown in the figure, the green part of the tokens has been released; The yellow part of the tokens is expected to be released in 2-4 years; The orange part of the fiat currency follows a strict release schedule: the tokens will become available one year after the launch, and then gradually released over the next three years until all tokens are fully liquid 4 years after the TGE; The pink part of the tokens is reserved for protocol development, DAO governance and prover network, and is expected to be fully distributed in more than 5 years.