Today, a team and early investors will be holding key token unlocks on an altcoin. Here's what you need to know.
The initial 12-month key period for team, advisor, and early investor allocations on Pieverse ends today. According to the project’s published distribution plan, tokens in these groups will begin to be released gradually after a one-year waiting period. Of the total 1 billion PIEVERSE supply, 20% is allocated to team and advisors, and 15% to investors.
According to the data, today’s total tranche, including other allocations, is approximately 33.41 million PIEVERSE. This amount corresponds to approximately 3.34% of the total supply. Based on $1.63 per token, the market value of the launch is approximately $54.5 million. The schedule includes tranches from the community, ecosystem, and foundation reserves, in addition to team and investor shares.
The main difference in today’s development is that team and investor allocations are included in the distribution schedule for the first time. The project document confirms a one-year lock for these groups, followed by gradual unlocking. The daily total of 33.41 million is the amount modeled by followers. How many of the tokens that became eligible for vesting today have been transferred to wallets or exchanges will become clear as transfers are observed.
*This is not investment advice.
