BTW unlocks about 101.6M tokens per month. The most recent one was two days ago on 10/02, with the Community accounting for 60.2M and the Ecosystem accounting for 41.5M.

But based on the on-chain records, the “unlock” here more accurately means that the tokens can be withdrawn from the vesting contract, rather than being automatically distributed to the Community or entering market circulation.

Looking at the past few months, Bitway hasn’t been withdrawing the 101.6M every month. Instead, they’ve kept it in the vesting contract until August 8, when they withdrew about 508.14M BTW in one go—roughly the amount accumulated over five periods.

This 508.14M BTW batch was then moved from the Ethereum bridge to the BNB Chain and ultimately went into 0x7d455713a6e14967fa145c7f5204122aebfd9256. To date, this address still holds about 500M BTW. This may suggest that BTW’s supply, according to the unlock calendar alone, may not be reliable—because the actual supply path should be:

vesting matures → withdraw → bridge → project treasury wallet → distribution or entry into exchanges

What really affects the market’s tradable supply is the following steps, but they haven’t happened yet. The 508.14M BTW batch from August is a good example: they have already left the vesting contract and completed cross-chain, but for now they still mainly remain in project-related addresses. As long as they don’t continue flowing into exchanges or the community, it doesn’t necessarily create direct sell pressure in the market.

So for BTW, the monthly unlocked amount of about 101.6M has limited reference value on its own. What’s more worth tracking is the on-chain flow: how many are withdrawn, completed bridging, and finally end up in the project treasury wallets or exchanges. These figures are more closely related to how much BTW truly increases the tradable supply.

#BTW #Tokenomics #analysis