Token Unlocks Analysis for the Week 3. of 2024: $PAW, $IGU, $BREED & $ECT

Pawswap - $PAW Token Unlock

PawSwap with its $PAW token, is a project on the Ethereum blockchain focused on decentralization and inspired by the success of other notable tokens like Shiba Inu. The $PAW token is integral to PawSwap's platform, which aims to be a community-driven and user-friendly decentralized exchange (DEX) for cryptocurrency trading.

On January 16, 2024, PawSwap ($PAW) is poised for a significant token unlock event, which will see Vesting Group 3 release a substantial 19.25% of the total $PAW supply. This amount is currently valued at an impressive $4,652,293. The scale of this unlock is notable, as it represents a significant portion of PawSwap's total token supply, potentially leading to a considerable increase in market liquidity.

IGU - $IGU Token Unlock

IguVerse, represented by the $IGU token, is an innovative GameFi application that merges artificial intelligence (AI) and machine learning (ML) technologies with blockchain to transform the concept of non-fungible tokens (NFTs). This platform features unique user-generated NFTs, pioneering the new standard of NFT 2.0 and moving away from generic collections.

The upcoming week marks a notable event for IGU ($IGU), with a token unlock scheduled for January 16, 2024. This event involves two distinct vesting groups: the Public Round and the Private Round. The Public Round will see the release of a modest 0.03% of the total IGU supply, valued at approximately $3,918.14. On the other hand, the Private Round is set for a more substantial unlock, releasing 1.43% of the total supply, which is estimated to be worth around $178,191.98.

BreederDAO - $BREED Token Unlock

BreederDAO operates as an asset production factory for gaming assets in the Metaverse. The project focuses on generating high-quality, curated assets at scale for major guilds in the Metaverse, thus enhancing their play-to-earn economies. Breed DAO develops all its asset generation tools in-house, using a combination of game mastery, data-driven analytics, and modeling.

BreederDAO's token, $BREED, is poised for a significant unlock event on January 19, 2024. This unlock encompasses three distinct vesting groups: Advisory, Private, and Seed. The Advisory group will release 0.33% of the total supply, with a market valuation of $153,834.30, which could provide insights into the strategic direction and confidence of the project's advisors. Additionally, both the Private and Seed groups are set to unlock 0.42% of the total supply each, valued at $192,292.88 for each group.

EChain - $ECT Token Unlock

EChain Token, or $ECT, is the native utility token of the EChain network. It is primarily used within the EChain ecosystem to pay for transaction fees and services related to on-chain activities such as smart contract execution. The token is central to the functionality of the EChain network, enabling users to engage with the platform's various blockchain-based services.

EChain's token, $ECT, is also scheduled for an unlock event on January 19, 2024. This unlock involves a single vesting group: the Reserve 2023-2024. A total of 1.67% of the $ECT supply will be released, evaluated at a modest $1,396.72.

Honorable Mentions:

• ApeCoin $APE - Jan 17th unlocking 1,5% to multiple vesting groups.
• SuperRare $RARE - Jan 17th unlocking 2,1% to multiple vesting groups.
• Liquidus $LIQ - Jan 18th unlocking 0,4% to vesting group 14.

About Vesting and Token Unlocks

Both in traditional finance and in Web3 emerging projects often issue a share of tokens or stocks to its shareholders. These shareholder groups can for example be the developer team, founders, advisors, and so on.

Tokens issued for shareholder groups and other use cases are often not available immediately after launch - instead, they are locked for a specified amount of time (vesting) and released into circulation according to a predetermined schedule.

Token Unlocks refer to the moments when these vested tokens become accessible or "unlocked."

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