{"id":84820,"date":"2024-07-23T15:32:45","date_gmt":"2024-07-23T19:32:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=84820"},"modified":"2024-07-23T15:35:28","modified_gmt":"2024-07-23T19:35:28","slug":"altlayer-announces-new-vesting-schedule","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/altlayer-announces-new-vesting-schedule\/","title":{"rendered":"AltLayer Announces New Vesting Schedule"},"content":{"rendered":"\n

As the decentralized rollups system<\/a> gets ready for its first unlock this week, AltLayer has made known improvements to its token vesting timetable.\u00a0
<\/p>\n\n\n\n

\"AltLayer
AltLayer Announces New Vesting Schedule<\/figcaption><\/figure>\n\n\n\n

The AltLayer team revealed a new vesting schedule on Tuesday, indicating that the event on July 25 will be followed by the next token unlock. The protocol showed that all parties involved had agreed upon a six-month break in the project's token unlock timeline.\u00a0AltLayer announced:<\/p>\n\n\n\n

\n

“As you may be aware, the first ALT token unlock is scheduled for July 25, 2024. As this significant date approaches, we would like to inform the AltLayer community of a change we have introduced to the vesting schedule for all stakeholders” <\/p>\n<\/blockquote>\n\n\n\n

The protocol also disclosed the modifications and the new vesting schedule on its X account. As previously mentioned, the crypto platform<\/a> will experience its first ALT unlock since the Token Generation Event on January 25.
<\/p>\n\n\n\n

\n

\ud83d\udce2 ALT Token Vesting Change

– First unlock: July 25, 2024
– Vesting paused between July 26, 2024 – Jan 24, 2025
– Next unlock: Jan 25, 2025
– Monthly vesting: Over 2 yrs for investors & partners. 3 yrs for team, treasury, & others from Jan 25, 2025https:\/\/t.co\/yyr8WCyvtY\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>— AltLayer (@alt_layer) July 23, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

This implies that the community must still be ready for the July 25 market entry of a 684.21 million ALT, or more than $109 million, in fresh supply. As per TokenUnlocks, 42.08% of the current supply will be represented by the cliff unlock. <\/p>\n\n\n\n

No Unlocks Till January 2025<\/h2>\n\n\n\n

AltLayer will implement a new timetable following this first token release<\/use><\/svg><\/span><\/a>, which will run for six months, from July 26 to January 24, 2025. <\/p>\n\n\n\n

As a result, the next unlock will occur on January 25, 2025. Apart from the six-month lockdown on unlocks for investors, teams, treasury, and advisors, AltLayer has also announced a two-year monthly vesting time for investors and partners <\/a>and three years for the team, treasury, and other stakeholders. January 25, 2025, also marks the start of this new chronology.\u00a0The platform said:<\/p>\n\n\n\n

\n

“Our only goal is to support the long-term stability and growth of our ecosystem. We deeply appreciate your support as we push forward to becoming a unique force in the rollup and staking ecosystem” <\/p>\n<\/blockquote>\n\n\n\n

Following the news, the price of ALT increased by 5%, with the token trading at approximately $0.16.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

As the decentralized rollups system gets ready for its first unlock this week, AltLayer has made known improvements to its token vesting timetable.\u00a0 The AltLayer team revealed a new vesting schedule on Tuesday, indicating that the event on July 25 will be followed by the next token unlock. The protocol showed that all parties involved […]<\/p>\n","protected":false},"author":43,"featured_media":84821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[308,20267,197],"class_list":["post-84820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-alt","tag-altlayer","tag-defi"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/AltLayer-announces-new-vesting-schedule-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=84820"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/84821"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=84820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=84820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=84820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}