Home web3.0 zkLink Core DAO Hits the Brakes on Token Vesting Schedule, Rolling It Back by Six Months

zkLink Core DAO Hits the Brakes on Token Vesting Schedule, Rolling It Back by Six Months

Oct 25, 2024 am 06:22 AM
EigenLayer zkLINK Vesting Release

A single strategic misstep in Web3 can rekt any protocol; with this in mind, zkLink Core DAO shook things up by hitting the brakes on its token vesting

zkLink Core DAO Hits the Brakes on Token Vesting Schedule, Rolling It Back by Six Months

Web3 protocols can face dire consequences from a single strategic misstep, which is why zkLink Core DAO made a bold decision to hit the brakes on its token vesting schedule, rolling it back by six months. This move will affect 40.5% of the ZKL token stash.

The vesting clock, which was initially set to begin on October 22 for zkLink's early insiders, team, and advisors, has now been reset to April 22, 2025. While delays can typically rattle the market, zkLink's move is a calculated play on a sturdy strategy. By pausing the token releases, they aim to fend off any dilution scare and keep investor confidence afloat.

“The reason for this decision is to align our ongoing efforts and interests in strengthening our community,” the team stated.

This pushback on zkLink's token vesting is not merely about shoring up its value—it's a calculated alignment with the market. ZkLink ensures the community and backers are in a prime position for the marathon ahead.

“This additional time allows us to align more effectively with market conditions and ensures that both our team and investors are positioned for long-term success,” said CEO of the team Vince Yang.

As zkLink launches magicLinks and magicPortal, these tools will revolutionize web3 onboarding, offering seamless one-click access via zero-knowledge proofs. Timing the vesting delay with this launch is no coincidence. These tools are set to drastically change the way users interact with web3, and extending the vesting window is a strategic move to lay a rock-solid market groundwork, boosting the impact of these game-changers when they hit the scene.

ZkLink will be the linchpin of multichain liquidity, easing blockchain operations and boosting cross-chain transaction efficiency.

While the delay in the zkLink token vesting may initially seem a setback, it is, in fact, a strategic maneuver to ensure the project’s long-term viability and success.

This especially matters when we’ve had messy vesting schedules from notable giants like EigenLayer lately.

As the industry evolves, zkLink's strategic foresight may set the standard for other projects navigating the complex web3 landscape.

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