Summary
Neon Machine, the studio behind Shrapnel on Avalanche, has revised its SHRAP token unlock schedule to spread out allocations over time. This change aligns with the project’s product delivery timeline and enhances token utility. The new schedule will unlock fewer tokens in the coming months with a non-linear structure. SHRAP is currently priced at $0.29, with a market cap of $127 million. The token unlock schedule matters as it impacts circulating supply and potentially affects the token price. Shrapnel recently launched its early access game on the Epic Games Store and is supporting the launch with SHRAP funneled towards competitions. Crypto influencer Champ believes the expanded unlock schedule is better suited for the game’s planned rollout.
Key Points
1. Neon Machine, the studio behind the prominent blockchain game Shrapnel on Avalanche, has revised its SHRAP token unlock schedule to spread out allocations over time.
2. The new schedule will result in fewer tokens being unlocked in the coming months, with a non-linear structure that accelerates with an increasing user base and SHRAP utility.
3. SHRAP is the Avalanche-based token of the Shrapnel gaming ecosystem, with various use cases such as rewards for early access competitions, publishing in-game content, purchasing user-created items, and participating in community votes.