Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
One-week token unlocking: 11 projects unlocked approximately $170 million worth of tokens

One-week token unlocking: 11 projects unlocked approximately $170 million worth of tokens

OdailyOdaily2024/11/24 08:45
By:Odaily

Next week, a total of 11 projects will have token unlocking events, among which OP and IMX will unlock relatively more.

One-week token unlocking: 11 projects unlocked approximately $170 million worth of tokens image 0

Optimism

Project Twitter: https://twitter.com/Optimism

Project website: https://app.optimism.io/governance

Number of unlocked tokens this time: 31.34 million

Amount unlocked this time: Approximately US$71.77 million

Optimism is a Layer 2 scaling solution that achieves the goal of scaling the Ethereum network by adopting the Optimistic Rollup solution. It can process transactions on a large scale while maintaining the security of Ethereum. Ethereum developers can efficiently use all tools on Ethereum without making changes.

This round is the regular unlocking of OP, unlocking 16.54 million pieces for core contributors, worth about 37.88 million US dollars, and unlocking 14.80 million pieces for investors, worth about 33.89 million US dollars.

The specific release curve is as follows:

One-week token unlocking: 11 projects unlocked approximately $170 million worth of tokens image 1

Immutable X

Project Twitter: https://twitter.com/Immutable

Project official website: https://imx.community/

Number of unlocked tokens this time: 24.52 million

Amount unlocked this time: Approximately 38.74 million US dollars

Immutable X is an NFT Layer 2 scaling solution on Ethereum. Using zk-rollup technology, Immutable X aims to solve the high gas fee and scalability issues when minting and trading NFTs. It features instant transaction confirmation, extremely low gas fees, and high scalability.

IMX unlocking is nearing completion, with the current circulation ratio reaching 84%. This round of unlocking will unlock 16.56 million tokens for project development, worth approximately US$26.66 million, and 7.96 million tokens for ecological development, worth approximately US$12.81 million.

The specific release curve is as follows:

One-week token unlocking: 11 projects unlocked approximately $170 million worth of tokens image 2

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ChatGPT’s head of product to testify in the DOJ’s antitrust case against Google

Share link:In this post: ChatGPT’s head of product, Nick Turley, has been added as a witness for the United States Department of Justice (DOJ) in its antitrust case against Google. Nick Turley is the latest addition to the witness list that features representatives from Perplexity and Microsoft. Google ramps up preparation for Turley’s testimony by asking for documents related to the hearing from OpenAI through a subpoena.

Cryptopolitan2025/01/18 16:01

SEC charges New York blockchain engineer over GME rug pull fraud

Share link:In this post: Eric Zhu settled SEC fraud claims for orchestrating a rug pull scheme involving Game Coin. Zhu allegedly misappropriated $553K by moving unlocked liquidity provider tokens to his control. The case marks one of SEC Chair Gary Gensler’s final enforcement actions.

Cryptopolitan2025/01/18 16:01

Analyst Points to the Next Target on the Horizon After the Surge in Bitcoin: “If This Place Is Breached, The Next Stop Could Be 128 Thousand Dollars”

A crypto analyst has spoken about the next target for Bitcoin’s price after its recent rally. Here are the details.

Bitcoinsistemi2025/01/18 14:00