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[Sherwood: Team Tokens Locked, Lock-Up Period Extended] According to a report by Jinse Finance, on July 18, Sherwood, a financial capital layer on Robinhood, tweeted that the team tokens have been locked. The team allocation accounts for 15% of the total supply. Initially, the plan was a 6-month cliff unlock followed by a 1-year linear release, but it has now been changed to a 1-year cliff unlock followed by a 2-year linear release. Since Robinhood Chain currently lacks a mature lock-up platform, the team developed a custom lock-up contract and completed the manual locking process.