5.553 billion Arbitrum tokens ARB will be unlocked on March 23, accounting for 55.53% of the total supply.
Written by Peng SUN, Foresight News
Data & image sources: Token Unlocks, VestLab
As a component of Tokenomics, token unlocks (also known as release schedules) refer to the process of releasing locked tokens to the market within a set period of time. The purpose is to ensure that the incentive mechanism between the team, investors, and community users is consistent. Token unlocks (especially one-time unlocks) may bring selling pressure to the market, which in turn may cause significant fluctuations in token prices. Therefore, investors need to pay attention to risks before and after the token unlocking node.
Generally speaking, token unlocking can be divided into linear unlocking and cliff unlocking. Cliff unlocking means that the tokens are locked until a specific event or date occurs, and the locked tokens will be released all at once. Generally, the tokens airdropped by the project party are part of the "cliff unlocking". Linear unlocking means that the tokens are released daily at a stable and fixed rate over a period of time. Liquidity incentives are usually included in linear unlocking.
According to data collated by Token Unlocks and VestLab, this week (March 20 to March 26, 2023), GAL (Galxe), ARB (Arbitrum), 1INCH (1inch), GPT (CryptoGPT), ACA (Acala), LOOKS (LooksRare) and IMX (Immutable) tokens will have a one-time unlocking node:
Among them, 192,307.69 Galxe tokens (about 400,000 US dollars) will be unlocked at 20:00:00 on March 23, accounting for 0.096% of the total supply;
Arbitrum token ARB will unlock 5,553,000,000 pieces at 20:30:00 on March 23, accounting for 55.53% of the total supply. Among them, "Arbitrum DAO Treasury", "Individual Wallets" and "Daos in Arbitrum Ecosystem" will be unlocked at one time; "Team, Future Team + Advisors" and "Investors" will be unlocked at one time on March 23, 2024;
1inch token 1INCH will unlock 53,572 (about US$30,000) at 04:00:00 on March 24, accounting for 0.004% of the total supply;
15,000,000 GPT tokens (about $1.9 million) will be unlocked at 20:00:00 on March 24, accounting for 0.5% of the total supply;
4,657,535 Acala tokens (about $490,000) will be unlocked at 08:00:00 on March 25, accounting for 0.466% of the total supply;
LooksRare token LOOKS will unlock 12,500,000 (about $1.99 million) at 12:55:40 on March 25, accounting for 1.25% of the total supply;
ImmutableX token IMX will unlock 18,075,990.71 (about 26.75 million US dollars) at 18:00:00 on March 25, accounting for 0.904% of the total supply;
In addition, the popular tokens that are currently being unlocked linearly include OP, FIL, UNI, BLUR, CRV, LDO, GMT, ILV, IMX, ENS, AXL, MINA, STG, MC, C98, MANA, COMP, SWISE, RPL, RBN, EUL, FXS, AAVE, LOOKS, GLMR, SWEAT, X2Y2, FORT, SUSHI, YFI and GEL.
Among them, the Stargate Finance token STG "Team" will begin linear unlocking from March 25, unlocking 239,726.03 tokens (about 190,000 US dollars) per day. Currently, STG "Protocol Launch" unlocks 549,451 tokens (about 430,000 US dollars) per day, and 1% has been unlocked;
About 2,411,115 Optimism tokens (OP) (about $4.44 million) are unlocked every day. 20% of the "Ecosystem Fund" and "Traceability Public Goods Fund" have not yet been unlocked, and 60% of the user airdrops have not yet been unlocked.
About 1,282,192 Blur tokens BLUR (about US$760,000) are unlocked every day, and 9% of the “Community Year 1” portion of the “Community Treasury” has been unlocked.
