#AVAX Every few months, FUD circulate regarding AVAX unlock. To address these concerns with accurate data and inform the community, let's dive into the AVAX token distribution.
Out of the total 720 million AVAX supply, 50% (360 million AVAX) is allocated for staking rewards till 2030, while the remaining 50% (360 million AVAX) is allocated for Testnet rewards, seed sale, private sale, strategic partners, community endowment, Foundation, public sale, and the team.
When you hear about the unlocking of tokens its the later part we are referring (Testnet rewards, seed sale, private sale, strategic partners, community endowment, Foundation, public sale, team), it's essential to understand the context.
Out of the 360 million AVAX allocated and locked up, more than 313 million AVAX (87% of lockup AVAX) has already been unlocked over the past three years. Only 47 million AVAX, around 6% of the total supply, is set to unlock over the next few years, with smaller unlock events compared to earlier, larger ones, as seen from Nov 24, where only 0.54% of the lockups were unlocked quarterly and gradually reducing further.
Additionally, considering network activities, over 4 million AVAX has already been burned. As the network grows, AVAX is set to become more deflationary and will never reach 720M total supply.
In summary, during the high of $140+ AVAX prices in 2021, the unlocks were much larger than the current, relatively smaller unlocks. It's vital to note that not all unlocked tokens are immediately sold, with a significant portion used for staking.
If you still concerns about these unlocks, it's advisable to educate yourself rather than relying solely on Fudders perspective. AVAX will be TOP 3 crypto by marketcap in next 2 years. That's my bold prediction
$AVAX #avalance