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Parallel League Minor IV came down to the wire!
Congrats to @imcute_2311 on holding it down in the Uni Jugg mirror to stave off the reverse sweep and win. He secures his spot in the Parallel Prime League Major II Top 16.
We'll see you card slingers next weekend for Open IV!
6,43K
At the Echelon PRIME Foundation, stewardship of the PRIME ecosystem is our mandate. Following extensive consultations with partners and key stakeholders, we are rolling out a multi-phase plan to right size the PRIME ecosystem. The first steps in this plan are to reduce the Gameplay Pool and update the Sink Schedule to incorporate a burn mechanism.
Today, we executed the first burn of 11 million PRIME tokens from the gameplay pool, which accounts for 10% of all PRIME tokens.
Additionally, the Foundation will implement two follow-up burn mechanisms:
-A further 10% burn of PRIME over the next 3 years.
-A burn of 10% of all PRIME passing through the Sink Schedule. This percentage will come from the previously allocated 4% to the Foundation and 6% to the Gameplay Pool.
Following these initial steps, other aspects of the ecosystem infrastructure will also undergo planned changes, including PRIME-powered assets, emissions, and sinks. The Foundation will continue to actively assess and adjust strategies as needed to support the long-term stability and innovation of the PRIME ecosystem.
Parallel Studios will be making an announcement about improvements to the game and ecosystem to follow.
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The unlocking of Parallel Founders Tokens was originally set to begin today, but this will be postponed one month. The Foundation is working closely with the Studio to develop a comprehensive plan, which will outline the specific amounts of tokens to be unlocked and the schedule for these releases.
To confirm the founders will be under a 10-year vesting schedule as previously communicated. Unlocks will not commence until after the schedule is communicated publicly.
6,84K
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