Unlock refers to the release of tokens that were previously locked based on conditions from investment rounds or other funding programs.
Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.
5 unlocks to watch this week
Yield Guild Games (YGG)
Unlock Date: March 27
Number of Unlocked Tokens: 16,690,000 YGG
Current Circulating Supply: 309,807,925 YGG
Yield Guild Games is a gaming community focused on blockchain games with a play-to-earn model. It brings together users from around the world who invest in NFT assets. The platform's native token #YGG is used for payment for services within the network. It can also be staked to earn rewards, spent to unlock exclusive content on the Discord server, or used for voting. Tokens thawed after a few days will be distributed among the community, developers, investors, and treasury.
SingularityNET (AGIX)
Unlock Date: March 28
Number of Unlocked Tokens: 8,840,000 AGIX
Current Circulating Supply: 1,279,381,312 AGIX
SingularityNET is a decentralized blockchain platform for creating artificial intelligence (AI)-based applications. The project's native token, AGIX, is used for payment for services, and node operators receive a portion of the fees as compensation for their contribution to maintaining and developing the network. Unlocked coins on March 28 will be distributed among participants in the AGIX-ADA rewards program.
Optimism (OP)
Unlock Date: March 29
Number of Unlocked Tokens: 24,160,000 OP
Current Circulating Supply: 1,006,141,600 OP
Optimism is a L2 solution designed to increase the speed and scalability of the Ethereum network. According to DefiLlama data, it is among the leaders in L2 networks in terms of the number of launched protocols and total value locked (TVL). The #OP token is used for voting, project management in the Optimism Collective community, and ecosystem development. Coins released during the next unlock will be distributed among investors and key project participants.
Echelon Prime (PRIME)
Unlock Date: March 31
Number of Unlocked Tokens: 1,660,000 PRIME
Current Circulating Supply: 35,743,282 PRIME
Echelon Prime is an open decentralized ecosystem for P2E games, managed by the community. The native #PRIME token is used to reward developers and users, as well as for voting on project development and staking. Unlocked coins next week are intended for the reserve and investors of Parallel Studios.
Sui (SUI)
Unlock Date: March 31
Number of Unlocked Tokens: 4,000,000 SUI
Current Circulating Supply: 1,230,916,717 SUI
Sui is a high-performance layer one blockchain (L1). Network operation and security are ensured by the Proof-of-Stake consensus algorithm. The project was developed by Mysten Labs, founded in 2021 by a group of former Novi Research employees responsible for creating the Diem blockchain and Move programming language. The next #SUI unlock will occur on March 31. The "thawed" tokens will be sent to the community reserve.
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