Neon Machine, the studio behind the popular blockchain game Shrapnel on Avalanche, has made changes to its SHRAP token unlock schedule. The revisions aim to spread out token allocations over time and align with the project’s product delivery timeline. While unlocks from the community reward pool emissions and ecosystem fund will remain unchanged, other token unlocks in April will be reduced by nearly 75%.
🎮 Shrapnel Adjusts Token Unlock Schedule
According to a blog post shared with Decrypt, Shrapnel has implemented a comprehensive revision to its token unlock schedule. The decision comes as the project has gained more clarity on its product delivery timeline and aims to enhance token utility.
🔄 Changes in Token Unlock Schedule
– The new schedule introduces a non-linear structure that starts with a lower unlock rate and accelerates as the user base and SHRAP utility increase.
– Team, advisor, seed token holder, and strategic token holder unlock schedules are affected by these revisions.
🔒 SHRAP Token and Its Purpose
SHRAP is an Avalanche-based token that serves various purposes within the Shrapnel gaming ecosystem. Some of its uses include:
– Rewarding players during early access competitions
– Allowing players to publish their own in-game content
– Enabling the purchase of user-created weapon skins and content
– Facilitating participation in community votes
💰 Current Status of SHRAP Token
As of now, SHRAP is trading at approximately $0.29 with a market cap of $127 million. Over the past 30 days, the token has experienced a 48% increase in value. However, it has declined from its all-time high price of over $0.43 in December.
⌛ Importance of Token Unlock Schedule
Crypto investors closely monitor token unlock schedules as they indicate when more tokens will become available to team members, investors, and others. This can impact the circulating supply of tokens and potentially affect their price if recipients decide to sell their holdings.
🚀 Shrapnel’s Early Access Launch
Recently, Shrapnel launched its early access game on PC through the Epic Games Store. The multiplayer shooter game focuses on extraction and is gradually expanding and improving as Neon Machine continues to develop it publicly. To support the early access launch, the team has allocated millions of dollars’ worth of SHRAP for weekly competitions.
🗣️ Support for the Revised Schedule
Crypto influencer Champ, who advises the Shrapnel team, believes that the expanded token unlock schedule aligns well with the game’s planned rollout. He sees potential for Shrapnel to become a global entertainment franchise and supports the project’s journey toward sustainability for the SHRAP token.
🔒 Updated Image of Token Unlock Schedule
Please note that an updated image of the revised token unlock schedule has been included in this article.
In conclusion, Neon Machine has revised its SHRAP token unlock schedule to ensure a more gradual release of tokens over time. This adjustment aligns with the project’s product delivery timeline and aims to enhance token utility. The changes will impact various token holders, and crypto investors should monitor these schedules as they can influence token prices. With its early access launch, Shrapnel is making strides in becoming a popular multiplayer shooter game, and the revised token unlock schedule is seen as beneficial for its planned rollout.
By
By
By
By
By