Key Points:
In a recent announcement, Open Campus, the Web3 education protocol, has decided to postpone the unlocking of upcoming tokens in OpEx, early contributors, liquidity, and ecosystems by 3 months. This strategic move comes in response to macro fluctuations and current market conditions, ensuring stability and aligning with the evolving landscape. The updated redemption schedule will be reflected through a redeployment of the smart contract.
The platform has implemented a comprehensive token distribution model, where team tokens have a validity period of 24 months and a vesting period of 36 months, totaling 5 years. The movement of all tokens can be transparently tracked on the blockchain, providing accountability and security.
In other news, Open Campus recently introduced Open Campus DAO, enabling EDU token holders to actively participate in the governance of the protocol. Through the proposal process, EDU token holders have the opportunity to shape the future direction of Open Campus, contributing to its growth and development as a decentralized autonomous organization.
This strategic decision highlights its commitment to adapt and navigate the ever-changing market dynamics. By postponing token unlocks, the protocol aims to mitigate potential risks and ensure a more controlled and sustainable token distribution process. Open Campus continues to foster an inclusive and transparent ecosystem, empowering EDU token holders to actively participate in shaping the future of Web3 education.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Chubbi
Coincu News
Miami, Florida, 5th November 2024, Chainwire
Want to learn about Bitcoin and Chainlink's prices? See why BlockDAG with its X1 app…
New ATH for Bitcoin’s average hashrate, combined with Bitcoin mining difficulty surpassing 100 trillion hashes,…
Bitcoin's price rose 3% to $70,200, influenced by excitement surrounding the US presidential election.
NY, United States of America, 5th November 2024, Chainwire
This Coincu's article presents a curated list of the top DePIN crypto projects with airdrop…
This website uses cookies.