Everclear Extends Token Lock-Up for Sustainable Community Growth
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Everclear's Strategic Token Lock-Up Extension
Everclear, the innovative first Clearing Layer for Web3, has made a significant decision to adjust its $NEXT token unlock schedule. This move involves extending the lock-up period for tokens held by Proxima Labs, the Foundation, backers, and other contributors. The earliest unlock date has now shifted from September 6 to December 6. Furthermore, the overall token unlock period has been expanded from 12 to 18 months, with tokens unlocking at a linear rate of 1/19 each month, culminating on June 6, 2026.
Community Engagement and Decision-Rationale
This decision was taken after extensive consultations with various stakeholders, including Proxima Labs, the Foundation, and key investors. The goal is to ensure the long-term alignment and trust among all participants in the newly launched protocol. The supportive feedback received from the community emphasizes the collective commitment to a sustainable future for Everclear.
Backing from Notable Investors
Everclear enjoys robust backing from multiple prominent investors, including Polychain Capital, Coinbase Ventures, and Consensys. These collaborations are pivotal in fostering the recent rebranding and the ongoing launch of the Everclear protocol. Such strong financial support reinforces the trust in its capability to enhance the blockchain ecosystem.
Positive Reception and Future Plans
The reception towards Everclear’s rebranding and the upcoming launch has been overwhelmingly positive. The extension of the lock-up period signifies an effort to stabilize the ecosystem, which in turn helps in cultivating trust among community members. Everclear is dedicated to maintaining its growth and ensuring its trajectory aligns with sustainable practices.
Statement from the Co-Founder
Arjun Bhuptani, co-founder of Everclear, expressed pride in the rebranding and the community's support, stating, “The extension of the lock-up is a commitment to our long-term vision of building the foundation of the Chain Abstraction stack.” This sentiment reflects the broader community confidence in Everclear's future.
Innovative Clearing Layer for Web3
Everclear is committed to addressing fragmentation within modular blockchains and aims to be the first Clearing Layer for Web3. The protocol facilitates global liquidity settlement between chains, promoting accessibility for all users, whether or not they possess extensive blockchain knowledge. With the current testnet phase in progress and a mainnet launch anticipated in the coming weeks, Everclear is poised to make significant strides in the Web3 landscape.
Frequently Asked Questions
What is Everclear?
Everclear is the first Clearing Layer for Web3, designed to solve fragmentation issues across modular blockchains by coordinating global liquidity settlements.
What changes have been made to the $NEXT token unlock schedule?
Everclear has extended the lock-up period for the $NEXT token, delaying the earliest unlock date to December 6, 2024, and increasing the unlock period from 12 to 18 months.
Why was the decision made to extend the lock-up period?
The extension was decided after discussions with community stakeholders to ensure long-term alignment and trust as part of the rebranding efforts.
Who are the main investors backing Everclear?
Everclear has received support from notable investors such as Polychain Capital, Polygon Ventures, and Coinbase Ventures which have been essential to its rebranding and development.
What impact does the protocol aim to achieve post-launch?
Post-launch, Everclear aims to stabilize its ecosystem, build trust within the community, and ensure sustainable growth moving forward.
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