Unlocking is the process of thawing tokens that were previously frozen in accordance with the conditions of investment rounds or other fundraising programs.

Typically, the team carefully examines the tokenomics to avoid potential pressure from sellers at various #unlock stages, thereby preventing a token price decrease. However, factors such as liquidity shortages or early investors cashing out immediately after token unlocking can significantly impact asset quotes.

3 Unlocks to Watch This Week

dYdX (DYDX)

  • Unlock Date: November 21

  • Number of Unlocked Tokens: 6,440,000 DYDX

  • Current Circulating Supply: 183,770,000 DYDX

In early 2023, the largest decentralized derivatives trading protocol, dYdX, announced changes to the project's initial tokenomics. According to the updated information, 30% of the total #dydx supply will be allocated to early investors, another 30% distributed among the team and community reserves, 28% used for rewarding traders and liquidity providers, and the remainder going to future employees, miners, and stabilization funds. Currently, approximately 18.5% of the total 1 billion DYDX supply is in circulation. The remaining tokens will be unlocked gradually over the next three years.

Space ID (ID)

  • Unlock Date: November 22

  • Number of Unlocked Tokens: 18,490,000 ID

  • Current Circulating Supply: 286,000,000 ID

Space ID is a universal decentralized identification protocol that connects people, assets, and dApps across different blockchains. The platform allows using a single domain name to represent one's identity across various applications and networks. On November 22, the project will unlock over 18 million #id tokens, which will be distributed between the Space ID fund and participants in the airdrop.

Avalanche (AVAX)

  • Unlock Date: November 24

  • Number of Unlocked Tokens: 9,540,000 AVAX

  • Current Circulating Supply: 355,600,785 AVAX

Avalanche is an open-source platform for launching decentralized applications and deploying public and private blockchains in a unified scalable ecosystem. The #avax token is used to pay fees and settle transactions in #avalanche subnets. The asset can also be staked with an annual yield of 11%. At the end of November, the circulating supply of AVAX will increase by over 9 million due to unlocked tokens being distributed among strategic partners, the Avalanche fund, the project team, and airdrop participants.

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