Billions faces backlash over last-minute token unlock changes

Billions is facing growing community backlash after changing its initial token unlock conditions ahead of its Token Generation Event (TGE). The project had initially informed community sale participants that their tokens would be unlocked immediately at the TGE but has now shifted to a lock-up-based structure. Kaito, the launchpad platform that managed the sale, presented three options to participants yesterday: a full refund; the original token amount plus a 25% bonus with a six-month lock-up; or the original amount plus a 50% bonus with a 12-month lock-up. Community members have criticized the move as a unilateral change of contract terms. In response, the Billions Foundation announced that refunds will be processed sequentially starting on May 19. The CEO of Kaito also explained on X that the initial 5.6% unlock structure acted as a hurdle to securing exchange listings, making the introduction of a lock-up unavoidable.