Unlock means the release of tokens that were previously frozen according to the terms of investment rounds or other fundraising programs.
Usually, the team carefully plans the tokenomics to avoid putting significant pressure on sellers at various
#unlock stages and thus prevent the collapse of the token price. However, certain factors, such as a lack of liquidity or early investors taking profits immediately after token unlock, can significantly impact the asset's quotes.
6 Unlocks to Watch This Week
Yield Guild Games (YGG)
Unlock Date: November 27Number of Unlocked Tokens: 16,690,000 YGGCurrent Circulating Supply: 285,691,977 YGG
Yield Guild Games is a gaming community that focuses on blockchain games with a play-to-earn model. They bring together players from different parts of the world who invest in NFT assets. The native token of the YGG platform is used for network service payments, staking for rewards, and unlocking exclusive content on the Discord server or participating in voting. Unlocked tokens, available in a few days, will be distributed among the community, developers, investors, and the treasury.
SingularityNET (AGIX)
Unlock Date: November 28Number of Unlocked Tokens: 9,390,000 AGIXCurrent Circulating Supply: 1,242,747,261 AGIX
SingularityNET is a decentralized blockchain platform for creating AI-based applications. The native token of the AGIX project is used for service payments, and node operators receive a portion of fees as compensation for their contribution to network support and development. Coins unlocked on November 28 will be distributed among participants in the AGIX-ADA rewards program.
dYdX
Unlock Date: November 29Number of Unlocked Tokens: 2,160,000 DYDXCurrent Circulating Supply: 180,263,182 DYDX
In early 2023, the largest decentralized derivatives trading protocol, dYdX, announced changes to the project's initial tokenomics. According to updated information, 30% of the total
#dydx supply will go to early investors, another 30% will be distributed among the team and community reserves, 28% will be used to reward traders and liquidity providers, and the remaining portion will go to future employees, miners, and stability funds. Currently, about 18.5% of the total 1 billion DYDX is in circulation. The remaining tokens will be unlocked gradually over the next three years.
Nym (NYM)
Unlock Date: November 29Number of Unlocked Tokens: 25,000,000 NYMCurrent Circulating Supply: 609,478,781 NYM
Founded in 2018, the company Nym provides infrastructure to ensure the confidentiality of personal data. Nodes of the open-source decentralized platform "mix" user traffic, preventing metadata disclosure, and receive rewards in native
#nym tokens. The platform has a potentially wide range of use cases, including outside the crypto industry. Unlocked tokens on November 29 will be allocated to project team members.
Optimism (OP)
Unlock Date: November 30Number of Unlocked Tokens: 24,160,000 OPCurrent Circulating Supply: 880,917,403 OP
Optimism is a Layer 2 solution designed to increase the speed and scalability of the Ethereum network. According to DefiLlama data, it is among the leaders in L2 networks in terms of launched protocols and total value locked (TVL). The
#op token is used for voting, project management in the Optimism Collective community, and ecosystem development. Coins released during the next unlock will be distributed among investors and key project participants.
1inch (1INCH)
Unlock Date: December 1Number of Unlocked Tokens: 98,740,000 1INCHCurrent Circulating Supply: 1,041,189,502 1INCH
1inch is a liquidity aggregator from decentralized exchanges that uses order routing and limit order placement technologies. The platform offers the most favorable cryptocurrency exchange rates collected from dozens of real-time sources. 1inch supports a large number of decentralized finance (DeFi) protocols and pools operating on various blockchains, including Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, and others. The next
#1inch unlock will occur on December 1 — on this day, the cliff for almost 100 million tokens allocated for developers, early investors, and venture funds will expire.
Liked the overview? Give it a thumbs up! 👍