💥💥 A SEAM OF HOPE FOR YOU $ALT ! 💥💥
Those who are at the top of ALT, please pay attention to this news to plan for buying and selling in the coming months!
🤔Yesterday, the AltLayer team announced that there will be an important change in the way the ALT token is designed.
Specifically, tomorrow July 25, there will still be an additional 684.33 million ALT tokens (worth about 100 million USD) unlocked for Team, Advisor and funds as per the old schedule. This unlock caused the circulating supply of ALT to increase dramatically by 42.09%.
👉However, for the next 6 months, the AltLayer team decided that NO MORE tokens will be unlocked, thereby helping the circulating supply of $ALT stay the same at 23% from July 25, 2024 to January 25, 2025 .
After January 25, 2025, the project will continue to unlock tokens every month for the fund for 2 years and for the Team for 3 years.
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In short, the new tokenomics is a quite positive step, helping to reduce the rate of token dilution and encouraging investors to buy. 👉 In my opinion, this may be the AltLayer team's intention to change the market timing plan, pushing all plans back 6 months.
💵Those who are swinging at the peak of $ALT , please wait for price developments after July 25 to plan to buy. Currently, the price of ALT has decreased about 5 times from the peak in March => if the price continues to move sideways in the 0.1 USD area, you can DCA to reduce the average price.
