Unlocking is the unlocking of tokens that have been frozen under the conditions of investment rounds or other fundraising programs.
Usually, the team carefully works out tokenomics in order not to cause a lot of pressure from sellers at various stages of the allocation and thereby collapse the price of the token. However, some factors - for example, lack of liquidity or profit fixation by early investors immediately after the unlocking of tokens can seriously hit the asset's quotations.
✅1. Sui (SUI)
🎈Departure date: October 3
🎈Number of unlocked tokens: 34620000 SUI
🎈Current circulating offer: 860 392 959 SUI
Sui is a high-performance first-level (L1) blockchain. The operation and security of the network is ensured by the Proof-of-Stake consensus algorithm. The project is developed by the company Mysten Labs - it was founded in 2021 by a group of former employees of Novi Research, who were responsible for the creation of the Diem blockchain and the Move programming language.
As of December 2021, Mysten Labs has raised $336 million in two funding rounds. Major investors in the project include Binance Labs, Franklin Templeton and a16z Crypto.
The next SUI will be held on October 3. The "thawed" tokens will go to the participants of the public presale.
✅2. dYdX (DYDX)
🎈Departure date: October 3
🎈Number of unlocked tokens: 2,160,000 DYDX
🎈Current circulating supply: 175 650 537 DYDX
In early 2023, dYdX, the largest decentralized derivatives trading protocol, announced changes to the project's initial tokenonomics. According to the updated information, 30% of the total supply of DYDX will go to early investors, another 30% will be distributed between the team and community reserves, 28% will be used to reward traders and liquidity providers, and the rest will go to future employees, miners and stable funds. At the moment, about 18% of the total supply of 1 billion DYDX is in circulation. The remaining tokens will be unlocked in small increments over the next three years.
✅3. ImmutableX (IMX)
🎈Departure date: October 7
🎈Number of unlocked tokens: 18,080,000 IMX
🎈Current circulating supply: 1,167,293,573 IMX
Immutable X is a second layer (L2) solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project attracted $12.5 million in just one hour as part of the IMX token sale on the CoinList platform, then closed an investment round of $60 million, and in March 2022 received another $200 million from ParaFi Capital, Declaration Partners, Tencent Holdings and other companies . More than half of IMX's supply is still locked. Tokens unfrozen on October 7 will be given to developers and participants in the private funding round.
✅4. Apts (APT)
🎈Departure date: October 12
🎈Number of unlocked tokens: 4,540,000 APT
🎈Current circulating offer: 237 910 183 APT
While the Aptos Tier 1 blockchain can certainly be called one of the most successful projects this year, it has regularly criticized the crypto community for its largely VC-dominated tokenism. Most of the APT offer is over 80% still blocked. The installments will be held monthly for the next ten years. Tokens released on October 12 will go to the Aptos fund and community members.
✅5. Axie Infinity (AXS)
🎈Departure date: September 9
🎈Number of unlocked tokens: 15,130,000 AXS
🎈Current circulating supply: 131,495,243 AXS
Axie Infinity is one of the most famous Play-to-Earn projects created by the Sky Mavis studio. The game takes place in a virtual environment inhabited by creatures called "aksi". The platform allows you to cross them, creating new characters. Players earn rewards by winning battles and selling axes.
The native token of the AXS platform is used to develop the platform, pay out staking rewards, and solve a number of other tasks. The coins released on September 9 will be allocated to users who have locked their assets in smart contracts, as well as to the project team and advisors. #Crypto2023 #binance #BTC #Trading $AXS $APT $IMX