Token Unlocks

• Cardano (ADA) will unlock approximately 18.53 million tokens on October 22 at 00:00 UTC, representing 0.05% of the circulating supply, with a value of around $6.5 million.
• Galxe (GAL) will unlock approximately 587,000 tokens on October 22 at 00:00 UTC, representing 0.46% of the circulating supply, valued at around $1.2 million.
• Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens on October 22 at 19:00 UTC, representing 0.69% of the circulating supply, valued at around $4.8 million.
• Ethena (ENA) will unlock approximately 12.86 million tokens on October 23 at 07:00 UTC, representing 0.47% of the circulating supply, valued at around $5.1 million.
• Yield Guild Games (YGG) will unlock approximately 14.08 million tokens on October 27 at 14:00 UTC, representing 3.64% of the circulating supply, valued at around $8 million.
Grass Foundation: Airdrop One Eligibility Query Page to Launch on October 21

The Grass Foundation announced on the X platform that the Airdrop One eligibility query page will go live on October 21. This is the first and broadest airdrop in history. The claim process will not be available on October 21; it’s simply a checker page. Be cautious of scams, as no on-chain transactions will require signatures.
Previously, the Grass project on Solana reminded users to connect their Solana wallet on the Grass dashboard before September 30 at 16:00 UTC to qualify for the first airdrop reward.
Scroll to Open Airdrop Claims; Binance to Launch Scroll (SCR) Spot Trading on October 22

The Ethereum Layer2 network Scroll announced details of its token distribution on the X platform. The total supply is 1 billion SCR, with an airdrop snapshot date of October 19, 2024, and token distribution and airdrop claims starting on October 22, 2024.
Additionally, Binance will end pre-trading of Scroll (SCR) at 09:00 UTC on October 21, 2024, and open SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY spot trading pairs at 08:00 UTC on October 22, 2024. SCR deposits are already open, and withdrawals are expected to open at 08:00 UTC on October 23, 2024. Transfer functionality will be restored before 10:00 UTC on October 21, 2024. The Seed Tag will apply to SCR.
Unisat: Decentralized CAT 20 Market to Launch on October 22

Unisat announced updates for PizzaSwap and the CAT market via the X platform, which include the following:
• Wallet and browser support are set to launch on October 21.
• A decentralized CAT 20 market is expected to go live on October 22.
• PizzaSwap will upgrade to support FB as a fee option.
• Completed the BRC-20 exchange module upgrade in collaboration with OKX.
• Compensation for affected addresses in the Fractal mainnet bootstrap program.
Gitcoin Launches 22nd Grants Round on October 23, Running Until November 6

The Web3 public goods protocol Gitcoin has announced the start of its 22nd Grants round, which will take place from October 23 to November 6. Applications for funding are now open, with a total of $1.125 million in matching funds available. This round will focus on expanding open-source software (OSS) and supporting digital public goods. New features such as on-chain proof minting and cross-chain donations will enhance accessibility and transparency, driving community support for Web3 and digital public goods development.
Ubisoft to launch its first Web3 game, Champions Tactics: Grimoria Chronicles, on October 23 on the Oasys blockchain

French video game company Ubisoft announced that its first Web3 game, Champions Tactics: Grimoria Chronicles, will launch on October 23. The game will be deployed on Oasys Layer2 network, Home Verse, a blockchain-driven Web3 gaming ecosystem. This tactical RPG allows players to build teams of champions and engage in PvP combat in a dark fantasy setting. The game emphasizes team-building, strategy, and battle, with players able to own, trade, and use 75,000 unique digital champions. The “Forge” system will enable customization of champions.
OKX to Delist BLOCK, UTK, AST, SIS, WXT, WIFI Spot Trading on October 24

OKX will officially delist several trading pairs on October 24, 2024, between 4:00 PM and 4:30 PM (UTC+8). The delisted pairs include BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, WIFI/USDT, and WIFI/USDC. Users with open orders must cancel them before 4:00 PM (UTC+8) on the delisting day. If not canceled, the system will automatically process the cancellation, which may take 1 to 3 business days.
Heybit to Shut Down All Services by October 25

Korean digital asset investment platform Heybit announced on its official website that it will shut down all services by October 25. Despite efforts to maintain compliance, this decision is attributed to market conditions and regulatory changes. Heybit assured that user assets are securely stored and that customers will be able to withdraw their funds before the service termination date.

#TokenUnlockSeries #AirdropBinance #LAUNCHPOOLTOKEN #Gitcoin

Gitcoin has carved out a unique niche in the blockchain space by focusing on funding open-source development. Through its platform, developers can find grants, earn bounties, and contribute to blockchain projects that drive Web3 innovation. While Gitcoin’s vision of supporting the open-source ecosystem has gained traction, its current growth and market presence suggest a more neutral outlook—neither a sharp rise nor a significant decline. So, what does the future hold for Gitcoin? 🧐
📈 Strong Community, Steady Adoption
One of Gitcoin’s strengths is its active community of developers and contributors. The platform is well-known for its Gitcoin Grants program, which uses a quadratic funding model to support projects based on community votes. This unique funding method helps smaller projects gain visibility, while ensuring that well-supported initiatives get the resources they need to thrive.
Despite this, the rate of growth for Gitcoin has slowed in recent months. While the community is still engaged, the platform hasn’t experienced the rapid user growth seen in other blockchain sectors, such as DeFi or NFTs. This slow but steady pace gives Gitcoin stability, but it also leaves room for competitors to step in and attract developers with new incentives or models.
💡 Focused on Open-Source Development
Gitcoin’s focus on open-source development is both its greatest strength and potential limitation. The platform’s mission is to fund and support open-source projects that benefit the Web3 ecosystem. For developers passionate about decentralized tech, Gitcoin is a key tool for finding support and funding.
However, for investors, this narrow focus on open-source might limit Gitcoin’s broader appeal. While open-source development is crucial for blockchain, it doesn’t always translate into significant price movements for the GTC token. Investors looking for quick returns might not find Gitcoin as appealing as other more volatile or hype-driven projects.
⚙️ The Role of the GTC Token
Gitcoin’s native token, GTC, plays a critical role in the governance of the platform. GTC holders can vote on proposals that impact the platform’s future, making it a true decentralized governance model. While this is positive from a decentralization standpoint, it also means that the GTC token doesn’t have strong speculative appeal. Its value is largely tied to the governance decisions of the community rather than direct utility in a booming financial sector like DeFi.
At the moment, GTC has been relatively stable, showing neither sharp increases nor declines. This makes it a potentially less volatile option for long-term investors who are interested in supporting open-source projects, but it also means that the token lacks the explosive growth potential that some other cryptocurrencies might offer.
🔮 Future Developments on the Horizon
Looking forward, Gitcoin has a few exciting developments on the horizon that could spark renewed interest. One of these is GitcoinDAO, which aims to further decentralize the platform’s governance. By giving more power to the community, Gitcoin hopes to enhance its role in shaping the future of Web3 development.
Another potential area for growth is through partnerships. Gitcoin has already established itself as a crucial part of the Ethereum ecosystem, but expanding partnerships beyond Ethereum could help boost its visibility and usage. Collaborating with other blockchain ecosystems might provide new growth opportunities, as other networks look to fund open-source development in a decentralized manner.
However, whether these developments will significantly move the needle in terms of GTC’s value or platform growth remains to be seen. While the outlook is neutral for now, Gitcoin’s success will depend on how well it adapts to the changing needs of the Web3 development community and how much traction it can gain through new partnerships and governance improvements.
🚀 Opportunities and Risks
For investors, Gitcoin presents both opportunities and risks. The platform’s steady development and committed community give it a stable foundation. Gitcoin’s mission to support open-source projects aligns with the ethos of decentralization, making it an appealing project for those who believe in the long-term success of Web3.
However, the slower pace of growth and the relatively niche focus on open-source could limit GTC’s upside potential compared to other tokens in the crypto market. Investors should weigh the stability of the project against its limited growth trajectory and decide if the long-term vision aligns with their investment strategy.
🤔 What’s your take on Gitcoin? Have you used the platform, or are you invested in GTC? Share your thoughts and strategies on investing in decentralized governance projects!
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