Less than three months after the initial launch of the Ethereum blockchain-based token, mobile strategy game Heroes of Mavia announced that it would restructure its token unlocking schedule. After the announcement, the MAVIA token rose 21% in a short period of time before falling. It has now hit $3.72, down nearly 9% from the previous day.
The specific adjustments to the Heroes of Mavia token unlocking schedule are as follows:
1. The "Private Placement" allocation will reduce the next 3 unlocks by 80% and return to normal in February 2025.
2. The cliff period for the "Team" allocation will be extended by 1 year (the first unlocking time is February 2025).
3. The cliff period for the "Advisor" allocation will be extended by 1 year (the first unlocking time is February 2025).
4. The next 3 unlocks of "Game Rewards" will be reduced by 80% and return to normal in February 2025.
5. The next 3 unlocks of "Community and Ecosystem" will be reduced by 80% and return to normal in February 2025.