Top Token Unlocks of the Week Oct 14. - 21.: $IGU, $LAZIO, $OFN and More!
This week we will look at releases from projects like $IGU, $0KN, or $PPT. Large unlocks are usually coupled with major price drops - read all the way to find the biggest one.
🔒 Interesting Token Unlocks This Week:
- $IGU - 3.43% of the total supply will enter circulation on Oct 16, 2024.
- $0KN - 3.00% of the total supply will enter circulation on Oct 17, 2024.
- $OFN - 2.38% of the total supply will enter circulation on Oct 20, 2024.
- $PPT - 2.16% of the total supply will enter circulation on Oct 20, 2024.
- $LAZIO - 8.50% of the total supply will enter circulation on Oct 21, 2024.
Iguverse - $IGU Token Unlock
IguVerse, represented by the $IGU token, is a GameFi application that merges artificial intelligence (AI) and machine learning (ML) technologies with blockchain to transform the concept of non-fungible tokens (NFTs). This platform features unique user-generated NFTs, pioneering the new standard of NFT 2.0 and moving away from generic collections.
On Oct 16, 2024, is set for the following unlocks:
- 4,083,366 $IGU tokens valued at $22,976.78 will be released to the "Treasury/Ecosystem" allocation group, increasing the circulating supply by 1.02%
- 4,166,700 $IGU tokens valued at $23,445.69 will be released to the "In-game Economy" allocation group, increasing the circulating supply by 1.04%
- 2,777,800 $IGU tokens valued at $15,630.46 will be released to the "Team" allocation group, increasing the circulating supply by 0.69%
- 1,111,120 $IGU tokens valued at $6,252.18 will be released to the "Advisors" allocation group, increasing the circulating supply by 0.28%
- 1,588,346 $IGU tokens valued at $8,937.50 will be released to the "Strategic Reserve" allocation group, increasing the circulating supply by 0.4%
Zero Knowledge Network - $0KN Token Unlock
The Zero Knowledge Network, with its token $0KN, is a decentralized privacy network infrastructure. It aims to preserve user anonymity even against adversaries monitoring the entire network. $0KN leverages a next-generation, mixnet-based metadata-private anonymous broadcast network called Trellis. This network is designed to protect user anonymity, assuming that a fraction of all network servers might be malicious.
On Oct 17, 2024, Zero Knowledge Network is set for the following unlocks:
- 300,000,000 $0KN tokens valued at $151,658.59 will be released to the "Node/Server Rewards Lock" allocation group, increasing the circulating supply by 3%
Openfabric - $OFN Token Unlock
Openfabric is an AI-focused blockchain project that aims to create a decentralized ecosystem for AI development and deployment. The platform is designed to connect AI developers, businesses, and users, allowing for the creation, sharing, and monetization of AI models and services. OpenFabric utilizes its native token, $OFN, which serves multiple purposes within the ecosystem. These include facilitating transactions, incentivizing network participants, and governance of the platform.
On Oct 20, 2024, Openfabric is set for the following unlocks:
- 2,500,000 $OFN tokens valued at $295,027.63 will be released to the "Team and Advisors" allocation group, increasing the circulating supply by 2.38%
Pop Token - $PPT Token Unlock
Pop Social Token ($PPT) is the native cryptocurrency of the Pop Social platform, a blockchain-based social media ecosystem that integrates Web3 technology. Designed to reward user engagement and content creation, $PPT functions as both a utility and governance token within the platform. Users and creators on Pop Social can earn $PPT through various activities such as posting, sharing, and interacting with content. The token can be used to access premium features, tip creators, and purchase NFTs within the ecosystem.
On Oct 20, 2024, Pop Token is set for the following unlocks:
- 2,500,000 $PPT tokens valued at $134,606.53 will be released to the "Foundation Reserve" allocation group, increasing the circulating supply by 1.25%
- 416,667 $PPT tokens valued at $22,434.42 will be released to the "Strategic Round" allocation group, increasing the circulating supply by 0.21%
- 166,667 $PPT tokens valued at $8,973.77 will be released to the "Advisors" allocation group, increasing the circulating supply by 0.08%
- 230,833 $PPT tokens valued at $12,428.67 will be released to the "Treasury" allocation group, increasing the circulating supply by 0.12%
- 1,000,000 $PPT tokens valued at $53,842.61 will be released to the "Developer Team" allocation group, increasing the circulating supply by 0.5%
FC Lazio Fan Token - $LAZIO Token Unlock
The Lazio fan token ($LAZIO) is a blockchain-based digital asset associated with S.S. Lazio, the professional Italian football club based in Rome. Developed in partnership with Socios.com, a fan engagement platform, $LAZIO is designed to enhance the connection between the club and its supporters worldwide. Token holders gain access to various fan-centric benefits, including voting rights on certain club decisions, exclusive rewards, and unique experiences. These may include opportunities to participate in polls for club-related matters, access to VIP events, merchandise discounts, and other personalized interactions with the team.
On Oct 21, 2024, FC Lazio Fan Token is set for the following unlocks:
- 800,000 $LAZIO tokens valued at $1,280,062 will be released to the "Developer Fund" allocation group, increasing the circulating supply by 2%
- 399,998 $LAZIO tokens valued at $640,026.77 will be released to the "Team" allocation group, increasing the circulating supply by 1%
- 1,400,000 $LAZIO tokens valued at $2,240,108 will be released to the "User Fund" allocation group, increasing the circulating supply by 3.5%
- 800,000 $LAZIO tokens valued at $1,280,062 will be released to the "Loyalty Subscription" allocation group, increasing the circulating supply by 2%
Honorable Mentions
- On Oct 17th ApeCoin ($APE) will be releasing 1.5% of its total supply to “YUGA Labs”, “BAYC Founders” and other vesting groups.
- On Oct 20th NerdBot ($NERD) will be releasing 1.7% of its total supply to the “Community Fund” vesting group.
- On Oct 21st dYdX ($DYDX) will be releasing 1.8% of its total supply to “Investors” and “Employees and Consultants” 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!
