Everclear Extends NEXT token Lockup Period to 18 Months
CryptoNewsTerminal Staff03 Sep, 2024
Everclear Extends NEXT token Lockup Period to 18 Months
Everclear, the rebranding project of Conflux (NEXT), has announced an extension of the lockup period for its NEXT token. The new lockup period has been extended from 12 months to 18 months, with the first scheduled token unlock now set to occur on December 6, 2024, instead of the previous date of September 6, 2024. According to Everclear, this decision was made after discussions with the project's core contributors. The extension aims to align with the project's long-term goal of building a chain abstraction stack. By extending the lockup period, Everclear believes it can focus on long-term development and stability. It's important to note that any changes to the lockup period or token unlock schedule can impact the market dynamics and investor sentiment surrounding the NEXT token. Investors are advised to carefully consider these changes before making investment decisions.
