According to Odaily, the newly appointed CEO of io.net, MTorygreen, has announced his primary task on the X platform. His main focus is to ensure the successful launch of the IO token and lay a solid foundation for the project's future development. Effective immediately, the IO tokens of former CEO Shadid will be held in Ceffu.
These tokens will be subject to a one-year sales restriction from the day they are listed. At the end of the 13th month after listing, 1/36 of the tokens will be available for sale. The tokens will then be unlocked and will be available for sale every month for the next 36 months. This strategic move is seen as a way to stabilize the token's value and ensure a steady growth trajectory for the project.