The 3 most relevant token unlocks of the week
The unlocking of tokens involves the release of tokens that were previously locked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.
Here are three important token unlocks to watch for next week.
Avalanche (AVAX)
Unlock date: November 18
Number of tokens unlocked: 1.67 million AVAX
Current circulating supply: 407.35 million AVAX
Avalanche, a decentralized blockchain platform, is designed to offer high performance and scalability for developers creating decentralized applications (dApps) and custom blockchain networks. Its native token, AVAX, plays a central role in the network by facilitating transaction fees, staking, and governance activities.
Read more: How to buy Avalanche (AVAX) in 2024? Everything you need to know
Next week, Avalanche will dominate the token unlock landscape, with a significant release scheduled for November 18. The project plans to unlock 1.67 million AVAX tokens, valued at over 60 million dollars. These tokens are allocated to the Avalanche Foundation, aimed at supporting its continued growth and development initiatives.
Oasis (ROSE)
Unlock date: November 18
Number of tokens unlocked: 176 million ROSE
Current circulating supply: 6.72 billion ROSE
Oasis Protocol, a decentralized and open-source blockchain platform, prioritizes privacy and scalability to provide versatile infrastructure for developers. With its focus on confidential computing, the platform empowers the creation of privacy-centric decentralized applications (dApps).
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