Zilliqa extends vesting for 2 more years, reducing XCAD inflation + Improved strategic partnership

Today we are pleased to announce that Zilliqa Group, our pre-seed investor, has increased the vesting of their tokens by 2 years. Zilliqa Group was an early supporter of XCAD Network and they filled the XCAD Pre-Seed back in 2021 prior to the launch of the XCAD token. This increase in vesting means there is a lot less inflation of the XCAD Token over the coming months as these tokens were due to release.

XCAD and Zilliqa Group maintained a strong relationship which undoubtedly underwent some turbulence prior to the current internal restructuring of the Layer 1 Group company. As a result of these positive developments, combined with the implementation of extended vesting periods, XCAD and Zilliqa have successfully rebuilt their relationship and are now poised to work more closely together to promote further adoption of the Zilliqa blockchain.

This recent agreement is a commitment to the newly strengthened relationship between Zilliqa Group and XCAD and means that the Zilliqa Group tokens will now be vested until November 2025.

Having Zilliqa Group aligned with our long term vision at XCAD is a testament to the growth and success XCAD has had within the ecosystem over the last few years and within the Zilliqa community.

On the 1st of December, we will be carrying out a transaction transferring Zilliqa Groups XCAD tokens into a new claim portal. After the vesting period ends Tokens will be unlocked daily over a 1 year timeframe.

Quote from Zilliqa:

Xcad is undoubtedly one of the standout projects in the web3 and Creator economy space and we are looking forward to a new chapter in our relationship filled with growth and expansion. With XCADs enthusiasm for Zilliqa 2.0 it serves as a powerful endorsement and reaffirms our commitment to being a significant and serious player in the blockchain space