Gate News reports that on March 16, a certain NFT trading platform announced a delay in the SEA token issuance plan. The platform’s CEO Devin Finzer stated on social media Monday (March 15) that the token generation event (TGE) originally scheduled for the first quarter of 2026 will be postponed, and no new date has been announced yet. Finzer said, “A delay is a delay, and we won’t sugarcoat it. The current crypto market environment is challenging, and SEA will only be issued once. We want to launch it only when everything is fully prepared.” Last October, the platform disclosed the SEA token plan, stating that 50% of the token supply would be allocated to the community, including early users and participants in platform reward programs. Finzer also revealed that the ongoing reward activity will be the final round. According to previous plans, the platform also intended to use 50% of its revenue at the time of token launch for buybacks and allow users to stake SEA to support their favorite NFT projects and series.
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