Taiko has released details of its token lock-up and vesting plan: investor and team tokens will vest over a 4-year period.
According to official information, Taiko has announced the details of the TAIKO token locking and vesting plan:
1. Token allocation arrangement:
- Investors: 11.62% of the total token supply
- Taiko Labs core team (first execution): 9.81695% of the total token supply
2. Vesting and unlocking schedule:
- Vesting period: 4 years
- Initial lock-up: 12 months from TGE
- TGE date: June 5, 2024
- After the initial lock-up period: 25% of the vested tokens can be unlocked, and the remaining 75% will be linearly unlocked over the next 3 years.
The purpose of this structure is to:
- Encourage long-term commitment
- Mitigate potential market volatility
- Align stakeholder rewards with the long-term success of the project
As shown in the image, the green portion represents tokens that have already been released; the yellow portion represents tokens expected to be released within 2-4 years; the orange portion follows a strict release schedule: the tokens will become available one year after launch, and then gradually released over the next three years until all tokens are fully liquid 4 years after the TGE; the pink portion of the tokens is reserved for protocol development, DAO governance, and the prover network, and is expected to be fully distributed over a period of more than 5 years.
