Top 5 Token Unlocks of the Week: Aug 6th to 12th
In the week of August 6th to 12th we are expecting several larger unlocks, notably from $bPRIVA, $ATEM, and $INSR. Read on to better prepare for potential price drops.
🔒 Interesting Token Unlocks This Week:
- $INSR - 2.08% of the total supply will enter circulation on Aug 07, 2024.
- $HyPC - 1.87% of the total supply will enter circulation on Aug 08, 2024.
- $ATEM - 4.64% of the total supply will enter circulation on Aug 08, 2024.
- $ARB - 1.24% of the total supply will enter circulation on Aug 08, 2024.
- $bPRIVA - 5.00% of the total supply will enter circulation on Aug 10, 2024.
Insurabler - $INSR Token Unlock
Insurabler ($INSR) aims to enhance security for cryptocurrency projects during their pre-sale phase by providing a unique insurance model. Project owners can establish their own insurance pools on the Insurabler platform, allowing them to offer a safeguard for their project's backers. Users who participate by holding INSR tokens are granted a layer of protection against the inherent risks associated with new crypto projects, such as project failure or fraud.
On Aug 07, 2024, Insurabler is set for the following unlocks:
- 250,000 $INSR tokens valued at $80.91 will be released to the "Rewards" allocation group, increasing the circulating supply by 2.08%
HyperCycle Token - $HyPC Token Unlock
HyperCycle ($HyPC) is a cryptocurrency that serves as a utility token within the HyperCycle network, a Layer 0++ blockchain architecture designed to facilitate high-speed and cost-effective on-chain execution of microservices. The network is particularly optimized for AI-related applications, providing a platform for decentralized AI and computation for various use cases.
On Aug 08, 2024, HyperCycle Token is set for the following unlocks:
- 4,115,969 $HyPC tokens valued at $1,165,666 will be released to the "Strategic Partners" allocation group, increasing the circulating supply by 0.19%
- 10,737,311 $HyPC tokens valued at $3,040,869 will be released to the "Team and Advisors" allocation group, increasing the circulating supply by 0.5%
- 7,158,422 $HyPC tokens valued at $2,027,307 will be released to the "Liquidity Rewards Pool" allocation group, increasing the circulating supply by 0.33%
- 10,232,964 $HyPC tokens valued at $2,898,035 will be released to the "Ecosystem and Network Adoption Fund" allocation group, increasing the circulating supply by 0.48%
- 7,874,264 $HyPC tokens valued at $2,230,038 will be released to the "Network Incentive Pool" allocation group, increasing the circulating supply by 0.37%
Atem Network - $ATEM Token Unlock
Atem Network ($ATEM) is a decentralized content creation protocol designed to help creators tokenize their content and build Web3-native communities using NFTs. Two platforms are utilizing the Atem Protocol: AtemChat, a Web3 community social platform, and AtemReview, a Web3 review-sharing platform. These platforms enable creators to connect with their communities and offer exclusive, token-gated experiences.
On Aug 08, 2024, Atem Network is set for the following unlocks:
- 1,750,000 $ATEM tokens valued at $3,403.11 will be released to the "Marketing" allocation group, increasing the circulating supply by 0.89%
- 2,971,667 $ATEM tokens valued at $5,778.80 will be released to the "Foundation" allocation group, increasing the circulating supply by 1.51%
- 500,000 $ATEM tokens valued at $972.32 will be released to the "Advisors and Partners" allocation group, increasing the circulating supply by 0.25%
- 583,333 $ATEM tokens valued at $1,134.37 will be released to the "Private Sale" allocation group, increasing the circulating supply by 0.3%
- 833,333 $ATEM tokens valued at $1,620.53 will be released to the "Seed Round" allocation group, increasing the circulating supply by 0.42%
- 2,500,000 $ATEM tokens valued at $4,861.58 will be released to the "Team" allocation group, increasing the circulating supply by 1.27%
Arbitrum - $ARB Token Unlock
Arbitrum ($ARB) is a Layer 2 scaling solution for Ethereum, designed to improve the scalability, speed, and cost-efficiency of Ethereum transactions. By utilizing Optimistic Rollup technology, Arbitrum enables high-speed and low-cost smart contract execution without compromising the security guarantees of the Ethereum blockchain. In essence, it processes transactions off the main Ethereum chain (Layer 1), but leverages the main chain for security and finality.
On Aug 08, 2024, Arbitrum is set for the following unlocks:
- 48,694,444 $ARB tokens valued at $23,190,767 will be released to the "Investors" allocation group, increasing the circulating supply by 0.49%
- 74,833,333 $ARB tokens valued at $35,639,432 will be released to the "Team" allocation group, increasing the circulating supply by 0.75%
Privapp - $bPRIVA Token Unlock
Privapp ($bPRIVA) is a decentralized cryptocurrency ecosystem that prioritizes privacy by using chain signatures, secret chain transactions, and hashed wallet addresses to obscure sender-recipient details and transaction amounts. Chain signatures allow any group member with the key to sign digital contracts while keeping the signer's identity anonymous. Privapp ensures complete decentralization without compromising privacy. The Priva Token (PRIVA) is a utility token essential for the security and growth of the Privapp network.
On Aug 10, 2024, PRIVA is set for the following unlocks:
- 500,000 $bPRIVA tokens valued at $717,620.82 will be released to the "Vesting Group 1" allocation group, increasing the circulating supply by 5%
Honorable Mentions
About Vesting and Token Unlocks
Both traditional finance and Web3 emerging projects often issue a share of tokens or stocks to their 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."
Learn how to use token unlocks in trading and investing here: Track Token Unlocks & Vesting Schedule of 200+ Cryptocurrencies with CoinBrain!
