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
A new address receives 39,652 ETH from Galaxy Digital, worth approximately $152 million
Payment Service Provider Due Secures $7.3 Million in Seed Funding Led by Speedinvest
Trending news
MoreCrypto prices
More
