Galaxy Blitz DAO Votes to Change $MIT Vesting Schedule
The Galaxy Blitz DAO has voted to change the vesting schedule for $MIT.
As is the case with every crypto project that has an ICO, tokens that are sold in this stage have a vesting period. This means they are locked up and can’t be used or sold for a specified period of time. This is to prevent an increased circulating supply — and a possible subsequent crash in the price as holders dump their tokens.
Prior to the DAO vote, the vesting schedule for $MIT was as follows:
Investor tokens:
Seed investors — an initial 2 months lockup of tokens, followed by a linear monthly release over 24 months.
Private investors — an initial 2 months lockup of tokens, followed by a linear monthly release over 16 months.
Team tokens:
Tokens initially locked for 12 months, followed by a linear monthly release over 36 months.
After a vote, the DAO has decided to change the vesting schedule for $MIT to the following:
Investor tokens: Token unlocks every 6 months for ALL investors (so no token unlock this month. The next investor token unlock will be on January 22nd, followed by July 22nd, 2023).
Team tokens: Token unlocks every 6 months (the first token unlock will be on September 22nd, 2023. The second will be on March 22nd, 2024).
We welcome the DAO’s vote to change the $MIT vesting schedule and think it will be of benefit to the Galaxy Blitz ecosystem.
The investor wallet address can be seen at:
The team wallet address can be seen at:
To take part in future votes, you can join the DAO at https://www.galaxyblitz.world/personal!
Follow us for more information!
👉Website: https://www.galaxyblitz.world/
👉Twitter: https://twitter.com/GalaxyBlitzGame
👉Discord: https://discord.com/invite/cfkcVjBDW8
👉Telegram: https://t.me/galaxyblitz
👉 TikTok: https://www.tiktok.com/@galaxyblitzofficial
👉Twitch:https://www.twitch.tv/galaxyblitzofficial
👉$MIT token: https://bscscan.com/token/0xe6906717f129427eebade5406de68cadd57aa0c0
