ZK Nation releases an announcement regarding the unlocking of ZK tokens

ChainCatcher news, when the ZK token is issued in 2024, team members and investors of Matter Labs will collectively receive approximately 33.3% of the total supply of tokens. On June 18, up to 25% of the vested team member token allocation and 10% of the vested investor token allocation will be unlocked. The token allocation received by Matter Labs team members and investors at TGE will unlock over 4 years, with a 1-year vesting period.

According to current calculations, 3.6% (approximately 760 million tokens) of the total maximum supply of tokens (21 billion tokens) will be unlocked in June. Starting from July 2025, it is expected that 0.8% (approximately 167 million tokens) of the total token supply will be unlocked each month until June 2028. (Note: Approximately 33.3% of the total token supply is allocated entirely to Matter Labs team members and investors, and the Matter Labs entity itself has not received a specific allocation).