Blinks SEND Update: Locked Cash and New Vesting Plan

Bittime - Blinks Project SEND, part of the Solana ecosystem, announced an important update regarding their cash and token vesting plans. These changes include cash locks and adjustments to vesting schedules for teams and contributors, as well as distribution details for the community and NFT allocation. This update aims to ensure continued use and facilitate more planned project development.

SEND Cash Lock and Vesting Scheme

SEND has locked 35% of its total token supply in cash that will be managed via Streamflow. This cash will undergo a gradual vesting process over three years, starting on August 1, 2024. The purpose of this lockup is to ensure that the available funds are used wisely and support the long-term development of Blinks and the Solana ecosystem as a whole. Careful management of this cash is expected to support the sustainability of projects and related initiatives.

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Adjusted Vesting Schedule for Blinks Teams and Contributors

The share allocated to teams and contributors, which accounts for 15% of the total token supply, has also been locked. The vesting schedule for this section will be delayed by three months from the initial plan. This delay is intended to improve alignment of long-term interests between the development team and the project goals. With these adjustments, it is hoped that the team will be more focused and committed to the continued development and long-term success of Blinks.

Community Airdrop Distribution and NFT Allocation

Part of the total token supply allocated for the community airdrop, which amounts to 19%, remains in the main treasury and will be distributed directly to community members. This aims to strengthen community support and increase active participation in the project. Additionally, 6% of the total token supply has been allocated to Send it NFT, an initiative supporting the NFT ecosystem associated with Blinks. This allocation aims to expand engagement with various aspects of the digital ecosystem.

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Blinks Renewal Benefits and Long Term Goals

This update in the cash and vesting plan is designed to provide greater transparency in the management of Blinks Project SEND resources. By locking up cash and adjusting vesting schedules, the project aims to ensure that all relevant parties have aligned interests and are focused on long-term sustainability. This step is also expected to increase investor and community confidence, as well as support continued innovation within the Solana ecosystem.

Further Information and Next Steps for Blinks Project SEND

For those wishing to obtain further information about these changes, it is recommended to visit the official Blinks Project SEND website or follow their community communication channels. This update will provide additional clarity on how this change will impact the project and the community as a whole. With these strategic steps, Blinks Project SEND hopes to facilitate more planned development and long-term success within the Solana ecosystem.

For the latest updates and detailed information, visit the official Blinks Project SEND website and join in with communications via community channels.

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