Top Token Unlocks of the Week (Dec 31st - Jan 6th): $NEXT, $BMEX, $GAL and More!
Discover the most significant crypto token unlocks for the first week of 2025, featuring major releases $SNFTS, $NEXT, $BMEX, and other top projects.
🔒 Top Token Unlocks This Week:
- $SNFTS - 1.30% of the total supply will enter circulation on Dec 31, 2024.
- $BMEX - 8.68% of the total supply will enter circulation on Jan 01, 2025.
- $INSR - 2.08% of the total supply will enter circulation on Jan 05, 2025.
- $NEXT - 19.66% of the total supply will enter circulation on Jan 05, 2025.
- $GAL - 1.25% of the total supply will enter circulation on Jan 05, 2025.
Seedify NFT Fund - $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 Dec 31, 2024, is set for the following unlocks:
- 50,000,000 $SNFTS tokens valued at $79,809.03 will be released to the "Vesting Group 1" allocation group, increasing the circulating supply by 1.3%
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 Jan 01, 2025, BitMEX Token is set for the following unlocks:
- 3,125,025 $BMEX tokens valued at $472,013.52 will be released to the "Long-term Reserve" allocation group, increasing the circulating supply by 8.68%
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 Jan 05, 2025, Insurabler is set for the following unlocks:
- 250,000 $INSR tokens valued at $47.23 will be released to the "Rewards" allocation group, increasing the circulating supply by 2.08%
Connext (Everclear) - $NEXT Token Unlock
Everclear, previously known as Connext ($NEXT), is an innovative cross-chain settlement protocol designed as a public good mechanism for executing intents across different blockchain networks. The platform introduces a novel approach to interoperability by allowing "fillers" (liquidity providers) to socialize rebalancing costs through netting settlements against other fillers and users within the network.
On Jan 05, 2025, Connext (Everclear) is set for the following unlocks:
- 9,674,961 $NEXT tokens valued at $914,797.55 will be released to the "Early Team and Advisors" allocation group, increasing the circulating supply by 5.04%
- 9,366,629 $NEXT tokens valued at $885,643.80 will be released to the "Ecosystem and Strategic Backers" allocation group, increasing the circulating supply by 4.88%
- 18,691,592 $NEXT tokens valued at $1,767,348 will be released to the "Early Backers" allocation group, increasing the circulating supply by 9.74%
Project Galxe - $GAL Token Unlock
Galxe ($GAL) is a cryptocurrency token associated with the Galxe platform, a Web3 credential data network. The platform allows users to build, manage, and leverage digital credentials across various blockchain ecosystems. GAL tokens are used for governance, staking, and accessing certain features within the Galxe ecosystem. The project aims to facilitate the creation and verification of on-chain and off-chain credentials for decentralized applications and services.
On Jan 05, 2025, Project Galaxy is set for the following unlocks:
- 586,667 $GAL tokens valued at <$0.0000000000010 will be released to the "Community Treasury" allocation group, increasing the circulating supply by 0.73%
- 416,667 $GAL tokens valued at <$0.0000000000010 will be released to the "Team" allocation group, increasing the circulating supply by 0.52%
Honorable Mentions
- On December 31st, dYdX ($DYDX) will release 0.8% of its total supply to “User Trading Rewards”, “Community Treasury” and other vesting groups.
- On January 1st, Covalent Query ($CQT) will release 1.0% of its total supply to the “Ecosystem”, “Staking” and “Team” vesting groups.
- On January 5th, Liquity ($LQTY) will release 0.7% of its total supply to the “Team and Advisors” 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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