Top Token Unlocks of the Week Nov 5. - Nov 11.: $GAL, $TRIBL, $ATEM and More!
November is gearing up to some rare unlocks Galxe, Tribal Atem and more! Pay close attention to the top projects listed - it often acts as proxy for price crashes.
🔒 Top Token Unlocks This Week:
- $NEXT - 3.78% of the total supply will enter circulation on Nov 05, 2024.
- $GAL - 8.81% of the total supply will enter circulation on Nov 05, 2024.
- $INSR - 2.08% of the total supply will enter circulation on Nov 06, 2024.
- $ATEM - 3.37% of the total supply will enter circulation on Nov 06, 2024.
- $TRIBL - 2.64% of the total supply will enter circulation on Nov 09, 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 Nov 05, 2024 Connext is set for the following unlocks:
- 9,674,961 $NEXT tokens valued at $976,530.87 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 $945,409.73 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 $1,886,614 will be released to the "Early Backers" allocation group, increasing the circulating supply by 1.87%
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 Nov 05, 2024 Project Galaxy is set for the following unlocks:
- 2,000,000 $GAL tokens valued at $4,364,855 will be released to the "Marketing" allocation group, increasing the circulating supply by 2.45%
- 1,771,667 $GAL tokens valued at $3,866,534 will be released to the "Growth Backer Round 1" allocation group, increasing the circulating supply by 2.17%
- 913,733 $GAL tokens valued at $1,994,157 will be released to the "Advisors & Partners" allocation group, increasing the circulating supply by 1.12%
- 1,487,200 $GAL tokens valued at $3,245,706 will be released to the "Growth Backer Round 2" allocation group, increasing the circulating supply by 1.82%
- 1,025,000 $GAL tokens valued at $2,236,988 will be released to the "Foundation" allocation group, increasing the circulating supply by 1.25%
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 Nov 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%
Atem Network - $ATEM Token Unlock
Atem Network ($ATEM) is a decentralized content creation protocol designed to help creators tokenize their content and build Web3-native communities using NFTs. Two platforms are utilizing the Atem Protocol: AtemChat, a Web3 community social platform, and AtemReview, a Web3 review-sharing platform. These platforms enable creators to connect with their communities and offer exclusive, token-gated experiences.
On Nov 06, 2024 Atem Network is set for the following unlocks:
- 1,750,000 $ATEM tokens valued at $166.13 will be released to the "Marketing" allocation group, increasing the circulating supply by 0.89%
- 2,971,667 $ATEM tokens valued at $282.10 will be released to the "Foundation" allocation group, increasing the circulating supply by 1.51%
- 500,000 $ATEM tokens valued at $47.46 will be released to the "Advisors and Partners" allocation group, increasing the circulating supply by 0.25%
- 583,333 $ATEM tokens valued at $55.38 will be released to the "Private Sale" allocation group, increasing the circulating supply by 0.3%
- 833,333 $ATEM tokens valued at $79.11 will be released to the "Seed Round" allocation group, increasing the circulating supply by 0.42%
Tribal Token - $TRIBL Token Unlock
Tribal Finance is a permissioned lending and borrowing platform with implemented KYC and identity verification measures. Future features include asset tokenization and an aggregated RWA marketplace. $TRIBL is the platform’s native token, although not much information about it is known - it will be likely used for incentivization, governance, and staking.
On Nov 09, 2024 Tribal Token is set for the following unlocks:
- 11,944,540 $TRIBL tokens valued at $7,776,874 will be released to the "Reserve and Community Rewards" allocation group, increasing the circulating supply by 1.19%
- 5,633,328 $TRIBL tokens valued at $3,667,758 will be released to the "Early Token Purchasers" allocation group, increasing the circulating supply by 0.56%
- 8,888,960 $TRIBL tokens valued at $5,787,441 will be released to the "Early Contributors" allocation group, increasing the circulating supply by 0.89%
Honorable Mentions
- On November 7th, Hashflow ($HFT) will release 1.7% of its total supply to the “Investors”, “Ecosystem development” and additional vesting groups.
- On November 8th, Arbitrum ($ARB) will release 1.2% of its total supply to the “Investors” and “Team” vesting groups.
- On November 8th, HyperCycle ($HyPC) will release 1.9% of its total supply to the “Liquidity Rewards Pool”, “Strategic Partners” and additional 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."
Learn how to use token unlocks in trading and investing here: Track Token Unlocks & Vesting Schedule of 200+ Cryptocurrencies with CoinBrain!
