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The Interchain Foundation adjusts the storage plan for ATOM tokens, transferring it to the subsidiary CL Wallet.
[Chain News] The Interchain Foundation (ICF) recently issued a notice to the community, stating that they are preparing to transfer ATOM from the main Multi-signature Wallet to the CL Wallet. This transfer is primarily to support the daily operations of CL—after all, CL is now a subsidiary of ICF, and the allocation of funds must keep up with business needs.
The transfer of tokens between these wallets is actually quite common in foundation management, usually to optimize capital allocation or meet specific project funding needs. The ICF's advance notice to the community this time can be considered a way of maintaining transparency, letting everyone know the destination and use of these ATOMs.