Odaily Planet Daily News According to official news, the Celestia Foundation has cooperated with Polychain Capital to transfer all remaining TIA tokens held by Polychain to new investors.
This month, the Foundation purchased 43,451,616.09 TIA from Polychain Capital for $62.5 million. To complete this transaction, Polychain will soon cancel all of its pledged TIA holdings.
To ensure that the Foundation's financial situation is not affected, the Foundation is completing the distribution of TIA with new investors. These transactions will adopt a rolling unlocking mechanism, and the first unlocking will begin on August 16 and be completed on November 14.