Top Token Unlocks of the Week (Dec 3rd - 9th): Mid Market Cap Tokens Flooding the Market
Festive season is here and with that we bring you fresh new token unlocks out of the box. Closely watch $NEXT, $INSR, $HFT and others. Plan your purchases accordingly!
🔒 Top Token Unlocks This Week:
- $NEXT - 3.78% of the total supply will enter circulation on Dec 05, 2024.
- $INSR - 2.08% of the total supply will enter circulation on Dec 06, 2024.
- $HFT - 1.67% of the total supply will enter circulation on Dec 07, 2024.
- $TKO - 2.03% of the total supply will enter circulation on Dec 07, 2024.
- $HyPC - 1.87% of the total supply will enter circulation on Dec 08, 2024.
Everclear (Connext) - $NEXT Token Unlock
Everclear, previously known as Connext ($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 Dec 05, 2024, Connext is set for the following unlocks:
- 9,674,961 $NEXT tokens valued at $1,060,968 will be released to the "Early Team and Advisors" allocation group, increasing the circulating supply by 0.97%
- 9,366,629 $NEXT tokens valued at $1,027,156 will be released to the "Ecosystem and Strategic Backers" allocation group, increasing the circulating supply by 0.94%
- 18,691,592 $NEXT tokens valued at $2,049,743 will be released to the "Early Backers" allocation group, increasing the circulating supply by 1.87%
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 Dec 06, 2024, 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%
Hashflow - $HFT Token Unlock
Hashflow ($HFT) is a decentralized exchange (DEX) that facilitates trading across multiple blockchains like Ethereum, BNB Chain, and others without the need for bridges. It uses a request-for-quote model to ensure traders get guaranteed price quotes from market makers. Hashflow offers revenue sharing to HFT stakers, gamified DAO experiences through Hashverse, and employs a vote-escrow model for governance.
On Dec 07, 2024, Hashflow is set for the following unlocks:
- 7,027,834 $HFT tokens valued at $1,642,412 will be released to the "Investors" allocation group, increasing the circulating supply by 0.7%
- 5,992,600 $HFT tokens valued at $1,400,477 will be released to the "Ecosystem Development" allocation group, increasing the circulating supply by 0.6%
- 3,250,065 $HFT tokens valued at $759,543.42 will be released to the "Team" allocation group, increasing the circulating supply by 0.33%
- 416,675 $HFT tokens valued at $97,377.36 will be released to the "Future Hires" allocation group, increasing the circulating supply by 0.04%
Tokocrypto Token - $TKO Token Unlock
TokoCrypto's $TKO token is a cryptocurrency emerging from Indonesia's first registered digital asset exchange. The $TKO token is a multifunctional ERC-20 token that integrates both CeFi (Centralized Finance) and DeFi (Decentralized Finance) features within its platform. The token facilitates a range of platform-specific benefits for its holders, including discounts on trading fees, stakeholder rewards, and governance participation rights.
On Dec 07, 2024, Tokocrypto Token is set for the following unlocks:
- 10,000,000 $TKO tokens valued at $3,799,330 will be released to the "Foundation Reserves" allocation group, increasing the circulating supply by 2.03%
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 Dec 08, 2024, HyperCycle Token is set for the following unlocks:
- 4,115,969 $HyPC tokens valued at $749,781.73 will be released to the "Strategic Partners" allocation group, increasing the circulating supply by 0.19%
- 10,737,311 $HyPC tokens valued at $1,955,952 will be released to the "Team and Advisors" allocation group, increasing the circulating supply by 0.5%
- 7,158,422 $HyPC tokens valued at $1,304,007 will be released to the "Liquidity Rewards Pool" allocation group, increasing the circulating supply by 0.33%
- 10,232,964 $HyPC tokens valued at $1,864,079 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 $1,434,408 will be released to the "Network Incentive Pool" allocation group, increasing the circulating supply by 0.37%
Honorable Mentions
- On December 3rd, Seedify NFT Space ($SNFTS) will release 1.0% of its total supply to the “Vesting Group 3”.
- On December 5th, Project Galxe ($GAL) will release 1.2% of its total supply to the “Community Treasury” and “Team” vesting groups.
- On December 7th, Automata ($ATA) will release 1.5% of its total supply to the “Protocol Reserve” 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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