Top Token Unlocks of the Week (Dec 24th - 30th): $ID, $SOPH, $MGP and More!
Discover the most significant crypto token unlocks for the week of December 24th to 30th, featuring major releases from $ID, $SOPH, $MGP, and other top projects.
🔒 Top Token Unlocks This Week:
- $MGP - 0.60% of the total supply will enter circulation on Dec 25, 2024.
- $SOPH - 21.87% of the total supply will enter circulation on Dec 25, 2024.
- $ID - 3.09% of the total supply will enter circulation on Dec 26, 2024.
- $ZETA - 5.50% of the total supply will enter circulation on Dec 28, 2024.
- $INFRA - 3.27% of the total supply will enter circulation on Dec 29, 2024.
Magpie - $MGP Token Unlock
Magpie ($MGP) is a DeFi ecosystem operating as a "Mega DAO" with multiple SubDAOs, focusing on governance token blackholing, Ethereum liquid restaking, and Bitcoin liquid staking services. The project's native token, MGP, can be locked as vlMGP to enable governance participation and reward earning across all SubDAOs, with holders benefiting from the project's treasury system that retains a portion of each SubDAO's governance tokens.
On Dec 25, 2024 Magpie is set for the following unlocks:
- 5,000,000 $MGP tokens valued at $660,040.31 will be released to the "Liquidity Mining" allocation group, increasing the circulating supply by 0.5%
- 575,342 $MGP tokens valued at $75,949.84 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 0.06%
- 383,562 $MGP tokens valued at $50,633.23 will be released to the "Community Treasury" allocation group, increasing the circulating supply by 0.04%
Sophiaverse - $SOPH Token Unlock
The SophiaVerse project ($SOPH) aims to create a decentralized platform that leverages AI to enhance various applications and services within the crypto space. By utilizing smart contracts and decentralized technologies, SophiaVerse seeks to provide innovative solutions for data management, automation, and intelligent decision-making processes. The $SOPH token serves as the native currency, facilitating transactions, incentivizing participation, and enabling access to AI-powered services on the platform.
On Dec 25, 2024 Sophiaverse is set for the following unlocks:
- 5,000,040 $SOPH tokens valued at $90,367.61 will be released to the "Team and Advisors" allocation group, increasing the circulating supply by 4.53%
- 5,520,877 $SOPH tokens valued at $99,780.90 will be released to the "Strategic Partners" allocation group, increasing the circulating supply by 5%
- 3,472,250 $SOPH tokens valued at $62,755.28 will be released to the "Community Incentive Pool" allocation group, increasing the circulating supply by 3.15%
- 3,472,250 $SOPH tokens valued at $62,755.28 will be released to the "Liquidity Rewards Pool" allocation group, increasing the circulating supply by 3.15%
- 6,666,720 $SOPH tokens valued at $120,490.15 will be released to the "Ecosystem and Network Adoption Fund" allocation group, increasing the circulating supply by 6.04%
Space ID - $ID Token Unlock
Space ID ($ID) is a project dedicated to building a universal name service network, offering a comprehensive identity platform that encompasses discovery, registration, trading, and management of web3 domains. It provides a Web3 Name SDK & API to facilitate developers across various blockchains, aiming to streamline the creation and management of web3 identities. The $ID token serves as the governance token within this ecosystem, allowing token holders to participate in decision-making and vote on DAO proposals.
On Dec 26, 2024 SPACE ID is set for the following unlocks:
- 5,416,580 $ID tokens valued at $2,365,832 will be released to the "Marketing" allocation group, increasing the circulating supply by 0.3%
- 4,999,920 $ID tokens valued at $2,183,845 will be released to the "Foundation" allocation group, increasing the circulating supply by 0.28%
- 13,333,280 $ID tokens valued at $5,823,657 will be released to the "Strategic Sale" allocation group, increasing the circulating supply by 0.74%
- 11,666,620 $ID tokens valued at $5,095,700 will be released to the "Advisors" allocation group, increasing the circulating supply by 0.65%
- 20,000,000 $ID tokens valued at $8,735,520 will be released to the "Seed Sale" allocation group, increasing the circulating supply by 1.12%
ZetaChain - $ZETA Token Unlock
The $ZETA token is the native cryptocurrency of the ZetaChain network. It serves multiple purposes within the ecosystem, including facilitating cross-chain transactions, paying for gas fees, participating in network governance, and staking for network security. By holding and using $ZETA, users can engage with various aspects of the ZetaChain ecosystem and potentially benefit from its growth and adoption in the broader blockchain landscape.
On Dec 28, 2024 Zeta is set for the following unlocks:
- 15,750,000 $ZETA tokens valued at $9,844,355 will be released to the "Core Contributors" allocation group, increasing the circulating supply by 2.63%
- 11,200,000 $ZETA tokens valued at $7,000,431 will be released to the "Purchasers and Advisors" allocation group, increasing the circulating supply by 1.87%
- 6,000,000 $ZETA tokens valued at $3,750,231 will be released to the "Ecosystem Growth Fund" allocation group, increasing the circulating supply by 1%
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 $INFRA token is integral to Bware Labs' Blast Protocol, enabling node operators to earn rewards based on their performance while ensuring network stability and efficiency. The protocol supports decentralized node operations across various blockchains, incentivizing users to contribute to the network's growth and stability.
On Dec 29, 2024 Bware is set for the following unlocks:
Honorable Mentions
- On December 24th, Mmpro ($MMPRO) will release 0.6% of its total supply to the “Vesting Group 5”.
- On December 28th, Biokript ($BKPT) will release 14.4% of its total supply to the “Treasury Lock”, “Advisory Lock” and other vesting groups.
- On December 28th, Eco ($ECOx) will release 0.9% of its total supply to the “Team” vesting group.
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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