Top Crypto Token Unlocks of the Week (Jan 28 - Feb 3): $INFRA, $BETA, $BMEX and More!
Welcome back to our weekly summary of top token unlocks. This week we got some noteworthy unlocks coming up. $BETA with 7.8%, $BMEX 8.7% and $INFRA stunning 10.6%!
🔒 Top Token Unlocks This Week:
Bware - $INFRA Token Unlock
Bware ($INFRA) is a cryptocurrency project designed to enhance the decentralized Web3 infrastructure through high-performance API services and developer tools. Launched in May 2023, the $INFRA token is integral to Bware Labs’ Blast Protocol, enabling node operators to earn rewards based on their performance while ensuring network stability and efficiency. The protocol supports decentralized node operations across various blockchains, incentivizing users to contribute to the network’s growth and stability.
On Jan 29, 2025 Bware is set for the following unlocks:
- 416,675 $INFRA tokens valued at $73,263.26 will be released to the "Protocol Incentives" allocation group, increasing the circulating supply by 10.64%
Beta Token - $BETA Token Unlock
Beta Finance is a DeFi protocol focused on providing users with a platform for permissionless money markets, allowing for the lending, borrowing, and short-selling of cryptocurrencies. Its native token, $BETA, is used within the platform to incentivize liquidity provision, governance participation, and staking rewards. Beta Finance aims to address volatility and inefficiencies in DeFi by offering a streamlined experience for users to hedge against crypto assets and manage risks effectively. By enabling short positions, Beta Finance provides a key financial tool for market participants to balance exposure in volatile markets.
On Jan 30, 2025 Beta Token is set for the following unlocks:
- 10,000,000 $BETA tokens valued at $435,917.81 will be released to the "Team" allocation group, increasing the circulating supply by 6.25%
- 2,500,000 $BETA tokens valued at $108,979.45 will be released to the "Strategic Partners and Advisors" allocation group, increasing the circulating supply by 1.56%
BitMEX Token - $BMEX Token Unlock
The $BMEX token is the utility token of the BitMEX trading platform, designed to enhance the user experience by offering benefits such as trading fee discounts, priority product access, and staking rewards. It’s an integral part of the BitMEX ecosystem, aimed at adding value to its users’ trading activities and participation in the platform’s community and offerings.
On Feb 01, 2025 BitMEX Token is set for the following unlocks:
- 3,125,025 $BMEX tokens valued at $642,754.04 will be released to the "Long-term Reserve" allocation group, increasing the circulating supply by 8.68%
Seedify NFT Space - $SNFTS Token Unlock
Seedify NFTs is a blockchain gaming-focused NFT launchpad and incubation platform that aims to support the development and launch of NFT-based gaming projects. The platform’s native token, $SNFTS, serves multiple purposes within the ecosystem, including governance rights, staking rewards, and priority access to NFT launches and gaming project sales. Through its launchpad, Seedify NFTs helps connect promising blockchain gaming projects with early supporters and investors while providing a curated space for the gaming community to discover and participate in new NFT gaming ventures.
On Feb 02, 2025 Seedify NFT Space is set for the following unlocks:
- 166,666,666 $SNFTS tokens valued at $293,824.08 will be released to the "Vesting Group 3" allocation group, increasing the circulating supply by 4.32%
Honorable Mentions
- On Jan 28th Eco ($ECOx) will release 0.9% of its total supply to the “Team” vesting group.
- On Jan 30th dYdX ($DYDX) will release 0.8% of its total supply to the “User Trading Rewards” and “Community Treasury” vesting groups.
- On Feb 1st Covalent Query ($CQT) will release 1% of its total supply to the “Ecosystem”, “Team” and “Staking” vesting groups.
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."
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