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WEEKLY UNLOCKS 22. to 29. Apr: Get in Early on New Projects!

Daniel Urbánek
Daniel Urbánek
April 22 at 03:43
Analysis, Token Unlocks, News

On the last week of April 2024, you can look forward to new project unlocks, such as $NERD or $MGP, and also follow a massive $AITECH unlock involving private allocation groups.

🔒 Interesting Token Unlocks This Week:

  • $NERD - 1.7% of the total supply will enter circulation on Apr 23rd.
  • $MGP - 2.2% of the total supply will enter circulation on Apr 23rd.
  • $AITECH - 3.8% of the total supply will enter circulation on Apr 25th.
  • $CELO - 5.4% of the total supply will enter circulation on Apr 28th.

NerdBot - $NERD Token Unlock

NerdBot ($NERD) is an advanced trading assistant that integrates directly into the Telegram platform, offering real-time analytics and trading capabilities. This project equips users with tools to analyze tokens, track market trends, and manage trades on decentralized exchanges such as Uniswap and KyberSwap without needing to exit Telegram.

On Apr 23rd NerdBot is set for the following unlock:

  • 1,666,667 $NERD tokens valued at $32,294.38 will be released to the "MKT and Partnership" allocation group, increasing the circulating supply by 1.67%.

Magpie - $MGP Token Unlock

Magpie ($MGP) is a cryptocurrency token involved primarily with the BNB Chain ecosystem, creating a robust platform for decentralized finance (DeFi) applications. The project's aim is to provide a streamlined and efficient environment for DeFi transactions and applications. Magpie focuses on enhancing the user experience within the DeFi space by offering tools for better transaction management and quicker integration of services.

On Apr 23rd Magpie is set for the following unlocks:

  • 21,863,014 $MGP tokens valued at $1,972,080 will be released to the "Team and Advisors" allocation group, increasing the circulating supply by 2.19%.
  • 575,342 $MGP tokens valued at $51,896.83 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 0.06%.
  • 383,562 $MGP tokens valued at $34,597.89 will be released to the "Community Treasury" allocation group, increasing the circulating supply by 0.04%.
  • 5,000,000 $MGP tokens valued at $451,008.17 will be released to the "Liquidity Mining" allocation group, increasing the circulating supply by 0.5%.

AITech - $AITECH Token Unlock

The AITech project ($AITECH), powered by Solidus Ai Tech, revolves around leveraging blockchain technology to provide a suite of comprehensive services including AI as a Service (AIaaS), Blockchain as a Service (BaaS), and High-Performance Computing (HPC) through its Infrastructure as a Service (IaaS) platform. This ecosystem allows users to access these services efficiently, aiming to simplify the procurement and utilization of AI and computing resources.

On Apr 25th AITech is set for the following unlocks:

  • 16,666,667 $AITECH tokens valued at $4,025,468 will be released to the "Pre-Public" allocation group, increasing the circulating supply by 0.84%.
  • 18,333,333 $AITECH tokens valued at $4,428,014 will be released to the "Private" allocation group, increasing the circulating supply by 0.92%.
  • 32,000,000 $AITECH tokens valued at $7,728,898 will be released to the "Strategic/Ecosystem" allocation group, increasing the circulating supply by 1.61%.
  • 7,619,048 $AITECH tokens valued at $1,840,214 will be released to the "Seed" allocation group, increasing the circulating supply by 0.38%.
  • 5,555,556 $AITECH tokens valued at $1,341,823 will be released to the "Marketing" allocation group, increasing the circulating supply by 0.28%.
  • 2,865,000 $AITECH tokens valued at $691,977.89 will be released to the "Kol" allocation group, increasing the circulating supply by 0.14%.
  • 7,458,000 $AITECH tokens valued at $1,801,316 will be released to the "Strategic" allocation group, increasing the circulating supply by 0.38%.

Celo Network - $CELO Token Unlock

Celo ($CELO) is a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users. The Celo network operates as a mobile-first platform that makes financial dApps and crypto payments accessible on mobile devices, supporting a suite of stablecoins and decentralized applications (dApps). It aims to make financial services more accessible to anyone with a mobile phone, particularly in underbanked regions.

On Apr 28th Celo Network is set for the following unlocks:

  • 3,228,333 $CELO tokens valued at $2,804,942 will be released to the "Team, Advisors, Founders and Contributors" allocation group, increasing the circulating supply by 3.52%.
  • 557,576 $CELO tokens valued at $484,450.42 will be released to the "Operational Grants" allocation group, increasing the circulating supply by 0.61%.
  • 680,000 $CELO tokens valued at $590,818.88 will be released to the "Staking and Validator Rewards" allocation group, increasing the circulating supply by 0.74%.
  • 476,111 $CELO tokens valued at $413,669.75 will be released to the "Community Grants" allocation group, increasing the circulating supply by 0.52%.

Honorable Mentions:

  • Corite ($CO) unlocking 1.4% on 28.4. to multiple vesting groups
  • AIMalls ($AIT) unlocking 3% on 27.4. to "Staking", "Foundation" and "Marketing" vesting groups
  • Space ID ($ID) unlocking 1.4% on 22.4. to multiple 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!

Disclaimer: The content of this piece reflects the writer's opinion. This article is not intended to provide financial advice and is meant solely for entertainment and educational purposes. Investing in cryptocurrency involves significant risk. Capital is at risk, and returns are not guaranteed. Always conduct your own research.

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