Unlock refers to the release of tokens that were previously locked based on conditions from investment rounds or other funding programs.
Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.
4 unlocks to watch this week
Space ID (ID)
Unlock Date: April 22
Number of Unlocked Tokens: 18,490,000 ID
Current Circulating Supply: 430,506,132 ID
Space ID is a universal decentralized identification protocol that connects individuals, assets, and dApps across various blockchains. The platform enables the use of a single domain name to represent one's identity across multiple applications and networks. On April 22nd, the project will unlock over 78 million #ID tokens, which will be distributed among the Space ID fund and participants in multiple sale rounds.
Cartesi (CTSI)
Unlock Date: April 23
Number of Unlocked Tokens: 21,430,000 CTSI
Current Circulating Supply: 785,660,538 CTSI
The Cartesi project allows for complex and intensive computations in a Linux environment, off the blockchain, without compromising decentralization. It aims to make DApps significantly more powerful, easy to develop, and portable, while also ensuring mass scalability and convenience for developers and users of decentralized applications. Over 20 million unlocked #CTSI tokens will be distributed among project team members.
Yield Guild Games (YGG)
Unlock Date: April 27
Number of Unlocked Tokens: 16,690,000 YGG
Current Circulating Supply: 313,172,139 YGG
Yield Guild Games is a gaming community focused on blockchain games with a play-to-earn model. It brings together users from around the world investing in NFT assets. The native token of the #YGG platform is used for payment within the network. It can also be staked to earn rewards, spent to unlock exclusive content on the Discord server, or used for voting. Tokens thawed after a few days will be distributed among the community, developers, investors, and treasury.
SingularityNET (AGIX)
Unlock Date: April 28
Number of Unlocked Tokens: 8,840,000 AGIX
Current Circulating Supply: 1,282,094,972 AGIX
SingularityNET is a decentralized blockchain platform for creating AI-based applications. The project's native token #AGIX is used for payment for services, and node operators receive a portion of the fees as compensation for their contribution to network maintenance and development. Unlocked coins on April 28th will be distributed among participants in the AGIX-ADA rewards program.
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