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The new project announces the Token distribution plan and temporarily locks the trading function.
Recently, a blockchain project announced its token distribution plan. The project stated that within the next 2-3 days, all tokens purchased through official channels or exchanges will be transferred to participants of the public sale. During this distribution phase, the tokens will temporarily be unable to be traded or transferred. The project party emphasized that the tokens will only be open for trading and transfer functions after the entire distribution phase is completed.
At the same time, the project also disclosed the smart contract address of its Token and specifically reminded investors to act cautiously and not to trust any other information claiming to be the project's Token. This initiative aims to prevent potential fraudulent activities and protect the interests of investors.
This phased token distribution method is not uncommon in the cryptocurrency field. It ensures the fairness of token allocation and provides the project party with the necessary time to complete technical preparations. For investors, this is also an important reminder to carefully verify the reliability of information sources and the official channels provided by the project party when participating in any blockchain project.