Top Token Unlocks of the Week Nov 26. - Dec 2.: Huge $SANTOS Unlock, $ZETA, $CQT and more!
On the edge of November and December get ready because we are expecting some major token floods. The $SANTOS fan token is unlocking almost 20%, $ZETA more than 5%, and others!
🔒 Top Token Unlocks This Week:
Corite - $CO Token Unlock
Corite ($CO) is a blockchain-based music platform that aims to democratize the music industry by allowing fans and artists to collaborate in the production and promotion of music. The platform operates on a "Play to Earn" model, where fans can invest in music projects and earn rewards based on the success of the songs they support.
On Nov 28, 2024, Corite is set for the following unlocks:
- 7,125,570 $CO tokens valued at $6,061.05 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 1.43%
- 1,875,000 $CO tokens valued at $1,594.88 will be released to the "Artist Incentive" allocation group, increasing the circulating supply by 0.38%
- 2,499,960 $CO tokens valued at $2,126.48 will be released to the "Engage to Earn" allocation group, increasing the circulating supply by 0.5%
- 2,083,300 $CO tokens valued at $1,772.07 will be released to the "Foundation Reserve" allocation group, increasing the circulating supply by 0.42%
Zeta - $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 Nov 28, 2024, Zeta is set for the following unlocks:
- 15,750,000 $ZETA tokens valued at $10,111,991 will be released to the "Core Contributors" allocation group, increasing the circulating supply by 2.63%
- 11,200,000 $ZETA tokens valued at $7,190,749 will be released to the "Purchasers and Advisors" allocation group, increasing the circulating supply by 1.87%
- 6,000,000 $ZETA tokens valued at $3,852,187 will be released to the "Ecosystem Growth Fund" allocation group, increasing the circulating supply by 1%
FC Santos Fan Token - $SANTOS Token Unlock
$SANTOS is a fan token of the Brazilian football club FC Santos. Holders of this token may enjoy community benefits and speculation. The price of the $SANTOS token often reacts to how FC Santos is performing in football matches, which means the token can be used as a sort of betting medium. It has been created by Binance as a part of the “Binance Fan Tokens” initiative.
On Dec 01, 2024, FC Santos Fan Token is set for the following unlocks:
- 1,200,000 $SANTOS tokens valued at $4,600,561 will be released to the "Team" allocation group, increasing the circulating supply by 4%
- 1,500,000 $SANTOS tokens valued at $5,750,702 will be released to the "Developer Fund" allocation group, increasing the circulating supply by 5%
- 2,100,000 $SANTOS tokens valued at $8,050,982 will be released to the "User Fund" allocation group, increasing the circulating supply by 7%
- 900,000 $SANTOS tokens valued at $3,450,421 will be released to the "Loyalty Subscription" allocation group, increasing the circulating supply by 3%
Covalent Query Token - $CQT Token Unlock
The Covalent Query Token ($CQT) powers the Covalent Network, which is a blockchain data analytics platform offering granular, comprehensive, and historical data through a single API. $CQT is used for governance, allowing token holders to vote on proposals, as well as for staking and securing the network, where validators earn fees for their services.
On Dec 01, 2024, Covalent Query Token is set for the following unlocks:
- 12,183,750 $CQT tokens valued at $60,820.94 will be released to the "Reserve" allocation group, increasing the circulating supply by 1.42%
- 4,255,400 $CQT tokens valued at $21,242.84 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 0.5%
- 2,992,452 $CQT tokens valued at $14,938.24 will be released to the "Team" allocation group, increasing the circulating supply by 0.35%
- 1,509,440 $CQT tokens valued at $7,535.08 will be released to the "Staking" allocation group, increasing the circulating supply by 0.18%
Honorable Mentions
- On November 28th, Eco ($ECOx) will release 0.9% of its total supply to the “Team” vesting group.
- On November 30th, dYdX ($DYDX) will release 0.8% of its total supply to the “Community Treasury”, “User Trading Rewards” and other vesting groups.
- On December 1st BitMex ($BMEX) will release 0.7% of its total supply to the “Long Term 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."
Learn how to use token unlocks in trading and investing here: Track Token Unlocks & Vesting Schedule of 200+ Cryptocurrencies with CoinBrain!
