Changer Foundation Locks Up Additional 5% of Changer Tokens ($CNG) to Fuel Ecosystem Growth
Singapore — March 20, 2024 — Building on the success of “The Revive” initiative launched on February 26, 2024, we announce further commitment to the Changer ecosystem growth. An additional 10 million $CNG tokens, representing 5% of the team allocation, had been locked up (initial 6 months) & vested (24 months) on a smart contract.
This strategic move strengthens “The Revive” by further reducing the circulating supply of CNG tokens. This ultimately contributes to long-term sustainability and value creation for the entire Changer ecosystem.
Enhancing Sustainability Through Reduced Supply
Following the successful launch of “The Revive” which locked up 51.1% of the total token supply, this additional 5% lockup & vesting further reduces the circulating supply of Changer tokens. This approach is a key pillar of the foundation’s efforts to foster long-term sustainability within the Changer ecosystem.
Token Lockup: A Strategy for Value
Token lockup restricts the trading of a portion of issued tokens for a predefined period. This strategic approach reduces circulating supply, ultimately contributing to a healthier and more valuable Changer ecosystem for all holders.
Fostering Ecosystem Expansion in Southeast Asia
This strategic move aligns with the Changer Foundation’s ongoing efforts to expand the Changer ecosystem. Notably, the Southeast Asian region has witnessed substantial growth within the Changer community since the first half of 2024.
For a detailed breakdown of the Changer token release schedule, please visit here.
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