zkLink will delay its token vesting plan by six months, involving 40.5% of the total supply of ZKL

Odaily Planet Daily News zkLink Core DAO has decided to postpone its Tokenvesting plan (originally scheduled to start on October 22nd) by six months, involving 40.5% of the total supply of ZKL. zkLink team and advisors will begin receiving Tokens from early private sale purchasers starting on April 22, 2025, and the total amount of vested Tokens will remain unchanged. This move is part of a series of Token unlocks before the project’s planned unlocking. According to Blockworks’ estimate, at least $5.3 billion worth of Tokens from followed projects will enter the market in the next 12 months. The team wrote in a statement, “The decision was made to coordinate our ongoing efforts and interests, strengthen our community, and defend zkLink’s position as a market-leading infrastructure company. We understand that this may be disappointing, and we apologize for any inconvenience caused.” “This extra time allows us to adapt to market conditions more effectively and ensure that both our team and investors are set up for long-term success,” said Vince Yang, CEO of zkLink. In addition, zkLink is about to launch new products, including magicLinks and magicPortal, which are designed to improve Web3 business login through the use of Zero-Knowledge Proof’s “one-click” login. Extending the ZKL vesting schedule aims to ensure a “stable market entry”. According to the announcement, users who purchase Tokens on CoinList (these Tokens unlock at TGE and vest linearly over the next nine months) will not be affected by latency. Similarly, Tokens used for ecosystem development and community treasury will still vest according to the original plan. (The Block)