Everclear Announces Token Lock-Up Extension to Align Community Post-Rebrand

Everclear,
the
first
Clearing
Layer
for
Web3,
has
adjusted
the
unlock
schedule
for
its
$NEXT
token.
The
lock-up
period
for
tokens
held
by
Proxima
Labs,
the
Foundation,
 backers,
and
other
contributors
will
be
extended,
with
the
earliest
unlock
date
moved
from
September
6,
2024
to
December
6,
2024.
Further,
the
token
unlock
period
has
been
extended
from
12
to
18
months,
unlocking
at
a
linear
rate
of
1/19
per
month,
concluding
on
June
6,
2026.

The
decision
comes
after
careful
consideration
and
discussions
with
Proxima
Labs,
the
Foundation,
the
community,
investors
in
the
development
company,
and
supporters
who
have
supported
the
extension
to
ensure
long-term
alignment
of
all
stakeholders
for
the
newly
launched
protocol.

Everclear
is
backed
by
Polychain
Capital,
Polygon
Ventures,
Pantera
Capital,
Coinbase
Ventures,
Consensys,
1kx,
Ethereal
Ventures,
and
others.
These
investments
have
been
integral
to
the
rebrand
and
the
launch
of
Everclear.

The
protocol’s
rebranding
and
upcoming
launch
have
been
positively
received,
and
Everclear
aims
to
maintain
the
momentum
and
strengthen
the
alignment
of
interests
within
the
community.
The
extension
will
help
stabilize
the
ecosystem,
build
additional
trust
among
participants,
and
ensure
that
Everclear’s
growth
trajectory
remains
strong
and
sustainable.
 

“We’re
incredibly
proud
of
how
well
the
rebrand
and
new
protocol
have
been
received.
It’s
a
real
testament
to
the
strength
and
support
of
the
community
and
the
potential
of
the
new
protocol,”
said
Arjun
Bhuptani,
co-founder
at
Everclear. “The
extension
of
the
lock-up
is
a
commitment
to
the
long-term
vision
of
building
the
foundation
of
the
Chain
Abstraction
stack.”

Everclear
is
building
the
first
Clearing
Layer
for
Web3
to
solve
fragmentation
for
modular
blockchains
by
coordinating
the
global
liquidity
settlement
between
chains.
It
is
currently
on
the
testnet,
with
the
mainnet
scheduled
for
the
coming
weeks. 

About
Everclear

Everclear
is
building
the
first
Clearing
Layer
for
Web3.
Everclear
solves
fragmentation
for
modular
blockchains
by
coordinating
the
global
liquidity
settlement
between
chains.
Everclear
aims
to
build
an
open
and
accessible
future
where
users
can
reap
the
benefits
of
blockchains
without
specialized
knowledge
or
exposure
to
unnecessary
risk.
For
more
information,
please
visit https://everclear.org