Top Token Unlocks of the Week Oct 22. - 28.: $MGP, $AITECH, $ECOx and More!
Four major cryptocurrencies face significant supply changes this week. Learn about upcoming token unlocks for MGP, AITECH, CO, and ECOx, with complete vesting details.
🔒 Top Token Unlocks This Week:
Magpie - $MGP Token Unlock
Magpie ($MGP) is a DeFi ecosystem operating as a "Mega DAO" with multiple SubDAOs, focusing on governance token blackholing, Ethereum liquid restaking, and Bitcoin liquid staking services. The project's native token, MGP, can be locked as vlMGP to enable governance participation and reward earning across all SubDAOs, with holders benefiting from the project's treasury system that retains a portion of each SubDAO's governance tokens.
On Oct 23, 2024, is set for the following unlocks:
- 21,863,014 $MGP tokens valued at $1,563,506 will be released to the "Team and Advisors" allocation group, increasing the circulating supply by 5.53%
- 575,342 $MGP tokens valued at $41,144.90 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 0.15%
- 383,562 $MGP tokens valued at $27,429.93 will be released to the "Community Treasury" allocation group, increasing the circulating supply by 0.1%
Solidus AITech - $AITECH Token Unlock
Solidus AI Tech ($AITECH) is a blockchain-based project focused on providing high-performance computing (HPC) power and AI services through its AI-as-a-Service (AIaaS), Blockchain-as-a-Service (BaaS), and Infrastructure-as-a-Service (IaaS) offerings. The platform is powered by its native AITECH token, which is used to access services, participate in governance, and earn staking rewards. Solidus AI Tech operates an eco-friendly HPC data center in Bucharest, Romania, with plans to expand across Europe.
On Oct 24, 2024, Solidus is set for the following unlocks:
- 16,666,667 $AITECH tokens valued at $1,645,769 will be released to the "Pre-Public" allocation group, increasing the circulating supply by 1.55%
- 18,333,333 $AITECH tokens valued at $1,810,346 will be released to the "Private" allocation group, increasing the circulating supply by 1.71%
- 32,000,000 $AITECH tokens valued at $3,159,877 will be released to the "Strategic/Ecosystem" allocation group, increasing the circulating supply by 2.98%
- 7,619,048 $AITECH tokens valued at $752,351.75 will be released to the "Seed" allocation group, increasing the circulating supply by 0.71%
- 5,555,556 $AITECH tokens valued at $548,589.81 will be released to the "Marketing" allocation group, increasing the circulating supply by 0.52%
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 Oct 28, 2024, CO is set for the following unlocks:
- 7,125,570 $CO tokens valued at $9,589.25 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 1.43%
- 1,875,000 $CO tokens valued at $2,523.28 will be released to the "Artist Incentive" allocation group, increasing the circulating supply by 0.38%
- 2,499,960 $CO tokens valued at $3,364.33 will be released to the "Engage to Earn" allocation group, increasing the circulating supply by 0.5%
- 2,083,300 $CO tokens valued at $2,803.60 will be released to the "Foundation Reserve" allocation group, increasing the circulating supply by 0.42%
Eco - $ECOx Token Unlock
$ECOx is a reserve and governance token powering the Eco network, which focuses on creating a digital-native currency for sharing and saving monetary value. Eco is trying to build a payment product that will improve on both traditional and cryptocurrency infrastructure.
On Oct 28, 2024, ECOx is set for the following unlocks:
- 26,300,000 $ECOx tokens valued at $2,732,435 will be released to the "Investors" allocation group, increasing the circulating supply by 7.53%
- 3,805,076 $ECOx tokens valued at $395,327.94 will be released to the "Team" allocation group, increasing the circulating supply by 1.09%
Honorable Mentions
- On Oct 24th AIMalls ($AIT) will be releasing 0.8% of its total supply to “Staking”, “Foundation” and “Marketing” vesting groups.
- On Oct 25th MarketMakingPro ($MMPRO) will be releasing 0.5% of its total supply to the “Vesting Group 5”.
- On Oct 26th Space ID ($ID) will be releasing 0.6% of its total supply to “Marketing” and “Foundation” 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."
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