Neon Machine, the studio behind it Famous blockchain game Shrapnel In ~ avalancheWe announced today that we have modified our SHRAP token unlock schedule to further spread allocations over time.
According to a blog post shared exclusively in advance: decryptionGG, Shrapnel, has implemented a “comprehensive revision” to the first-person shooter’s token unlock schedule. Community reward pool emissions and ecosystem fund unlocks will remain as planned, but other token unlocks in April will be reduced by nearly 75% due to the revised schedule.
“As the Shrapnel project matures, we now have a clearer timeline for product delivery,” said Aaron Nonis, Shrapnel Chief Operating Officer. decryptionThis is GG. “This change is consistent with our timeline of additional features as we continue to enhance token utility.”
Under the new schedule, fewer tokens will be unlocked in the coming months due to a non-linear structure that “starts with a low unlock rate and accelerates with increased user base and increased SHRAP utility.” The revisions will impact the unlock schedule for teams, advisors, seed token holders and strategic token holders, a Shrapnel representative confirmed.
SHRAP is an Avalanche-based token in the Shrapnel gaming ecosystem. The token has a variety of uses. It is being used as Rewards during Early Access Competitions Players can also use SHRAP to post their own in-game content, purchase weapon skins and content created by other users, and participate in community voting.
As of this writing, SHRAP costs approximately $0.29 per data. CoinGecko, its market capitalization is $127 million. The token is up 48% over the past 30 days, riding a broader wave of rising cryptocurrency prices but down from its all-time high above $0.43 set in December.
Why is the token unlock schedule important? cryptocurrency investor Keep an eye on that schedule. As circulating supply grows, team members, investors, and others will see when more tokens are available. As a result, token recipients can dump their holdings on the market, potentially influencing prices.
recent fragments Early access game released. On PC via the Epic Games Store, Neon Machine offers a playable version of the extraction-focused multiplayer shooter that will gradually expand and improve as it builds. The team is supporting the early access launch by putting millions of dollars worth of SHRAP into weekly competitions.
According to an anonymous cryptocurrency influencer: championan advisor to the Shrapnel team, said this expanded unlock schedule would better fit the game’s planned release.
“Shrapnel has clear ambitions to become a global entertainment franchise, building on the early success of its flagship game on PC,” he said in a blog post. “The new SHRAP unlock schedule allows the product team to fully pursue that ambition. We see the longevity of the project and economy and fully support this path towards sustainability for the SHRAP token.”
Edited by Ryan Ozawa.
