SOON Foundation Deposits Allocated SOON Tokens into an Exchange Custody
Foresight News reports that the SOON Foundation will, within two days, deposit its allocated SOON tokens (accounting for 6% of the total SOON token supply) into the custody of a regulated, institutional-grade custodian at a certain exchange to securely safeguard treasury assets. The custodied SOON tokens will be subject to strict restrictions, prohibiting any transfers, and will be locked with a 12-month “cliff” vesting period followed by a 36-month “linear” vesting schedule.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Overview of Major Overnight Developments on November 22
US SEC approves listing and trading of Bitwise 10 Crypto Index ETF on Arca
Tensor Foundation acquires Tensor Marketplace and Tensorians NFT collection from Tensor Labs
Trending news
MoreCrypto prices
More
