WEEKLY UNLOCKS 11th to 17th December 2023: $APE, $SWEAT, $RADAR and $RARE
In this weekly report, you will find the biggest upcoming unlocks likely to move the market. This week's stars are $RADAR (+6.7%), $SWEAT (+4.16%), and $APE (+1.5%).
Interesting Token Unlocks This Week:
Sweat Economy - $SWEAT Token Unlock
Sweat Economy is a fitness-based cryptocurrency project that encourages physical activity by rewarding users with its native token, $SWEAT, for their steps. The project capitalizes on the growing trend of health and fitness in the digital age, providing a unique blend of wellness and blockchain technology.
On December 13th Sweat Economy will be releasing an additional 4.16% of the total supply to circulation. Released tokens will be distributed via airdrop.
Dapp Radar - $RADAR Token Unlock
Dapp Radar is an analytics platform for decentralized applications (dApps). It serves as a one-stop resource for users to discover, analyze, and track dApps across various blockchain ecosystems. The platform provides insights into dApp performance, user activity, and transaction volumes, making it an essential tool for investors, developers, and enthusiasts in the decentralized space.
On December 13th Dapp Radar will increase its circulating supply by another 6.7%, suggesting a handy buy-in point after this release. This unlock will be distributed among the community, team and shareholders.
ApeCoin - $APE Token Unlock
ApeCoin ($APE) is a cryptocurrency that has gained significant attention in the crypto community, especially among enthusiasts of non-fungible tokens (NFTs). It is closely associated with the Bored Ape Yacht Club (BAYC), a widely recognized collection of NFTs.
The supply of $APE is growing steadily. According to our data, the circulating supply of $APE will be promptly increased on December 17th 00:00 by 1.5%. This unlock will be distributed among all vesting group, except for Launch Contributors.
SuperRare - $RARE Token Unlock
SuperRare is a platform in the NFT space, focusing on the digital art market. It operates as a marketplace for artists and collectors to buy, sell, and trade unique, single-edition digital artworks. SuperRare stands out for its emphasis on high-quality, curated art, ensuring that each piece featured on the platform is a rare and valuable digital asset.
On December 17th the circulating supply of $RARE will increase by 2.1%, according to the official release schedule. This unlock will go to SuperRare Labs, Investors, and the Community treasury.
Other Honorable Mentions
- $WOM - 10.9% of total supply unlocking on Dec 12th
- $GFAL - 2.8% of total supply unlocking on Dec 13th
- $CROC - 2.9% of total supply unlocking on Dec 15th
About Vesting and Token Unlocks
Both in traditional finance and in Web3 emerging projects often issue a share of tokens or stocks to its 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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