desbloqueios de tokens

With the end of the year approaching and Bitcoin approaching $100,000, crypto investors are looking for a variety of opportunities. This week, three token unlocks promise to shake up the segment.

Unlocking involves releasing tokens that were previously locked under fundraising terms. Projects schedule releases to avoid market pressure and prevent a drop in token prices.

Avalanche (AVAX)

  • Unlock Date: Monday, November 18th

  • Number of tokens unlocked: 1.67 million AVAX

  • Current circulating supply: 407.35 million AVAX

Avalanche, a decentralized blockchain platform, is designed to deliver high performance and scalability for developers building decentralized applications (dApps) and custom blockchain networks. Its native token, AVAX, plays a central role in the network, facilitating transaction fees, staking, and governance activities.

This week, Avalanche will dominate the token unlocking scene, with a significant launch scheduled for today (18). As such, the project plans to unlock 1.67 million AVAX tokens, valued at over $60 million. These tokens are allocated to the Avalanche Foundation to support its continued growth and development initiatives.

Avax unlockAVAX Unlock. Source: Tokenomist

Oasis (ROSE)

  • Unlock Date: Monday, November 18th

  • Number of tokens unlocked: 176 million ROSE

  • Current circulating supply: 6.72 billion ROSE

Oasis Protocol, an open-source decentralized blockchain platform, prioritizes privacy and scalability to provide a versatile infrastructure for developers. With its focus on confidential computing, the platform empowers the creation of privacy-centric decentralized applications (dApps).

Also today (18), Oasis will distribute 176 million newly unlocked ROSE tokens to its core contributors, foundation, community, partners, and reserves. This release could influence market sentiment towards the token, as the additional supply could impact its short-term value. However, ROSE holders remain confident that the event will not negatively impact the asset’s price.

176 million, or 0.0176% of the total supply. I’ll be watching to see what lands on the exchange, but unlocks since late 2023 have had no immediate effect on price action, one user X noted.

Rose unlockUnlocking ROSE. Source: Tokenomist

Cardano (ADA)

  • Unlock Date: Thursday, November 21st

  • Number of tokens unlocked: 18.53 million ADA

  • Current circulating supply: 37.74 billion ADA

Cardano, known for its commitment to sustainability, security and scalability, plays a crucial role in the advancement of decentralized applications and smart contracts. This Thursday (21), therefore, the network plans to unlock more than 18 million ADA tokens, with allocations directed to staking and the treasury reserve fund.

ADA unlockUnlocking ADA. Source: Tokenomist

Additionally, this week’s token unlocks also include Ethena (ENA) and Apecoin (APE), among others, with a combined value exceeding $123 million.

The article 3 Token Unlocks to Watch This Week appeared first on BeInCrypto Brasil.

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