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WEEKLY UNLOCKS Feb 12-18: Last $X2Y2 Unlock, $SWEAT Airdrop, $IGU and $RARE

February 12 at 14:35
News, Education, Token Unlocks

Catch up with this week's token unlock highlights from Feb 12-18, featuring the final $X2Y2 unlock, an expansive $SWEAT airdrop, and crucial releases from $IGU and $RARE.

🔒 Interesting Token Unlocks This Week:

  • $SWEAT - 10.3% of the total supply will enter circulation on Feb 13th at 00:00.
  • $X2Y2 - 6% of the total supply will enter circulation on Feb 15th at 00:00.
  • $IGU - 5% of the total supply will enter circulation on Feb 16th at 00:00.
  • $RARE - 2.1% of the total supply will enter circulation on Feb 17th at 00:00

SweatCoin  - $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 Feb 13th, Sweatcoin ($SWEAT) is set to conduct a substantial airdrop, unlocking 10.3% of its total supply to users. Such a considerable release could have a notable impact on both the token's valuation and the platform's overall engagement.

X2Y2 Marketplace - $X2Y2 Token Unlock

X2Y2 ($X2Y2) is an NFT marketplace that launched in February 2022, positioning itself as a rival to OpenSea. It offers features like bulk listing, rarity tracking, and real-time notifications, aimed at creating a user-friendly platform for buying, selling, and trading NFTs. X2Y2 focuses on decentralization and community ownership, with 100% of market fees distributed to X2Y2 token stakers. 

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On February 15, 2024, the X2Y2 platform is set to unlock a significant portion of its tokens, with 12,500,000 tokens from the Treasury and Ecosystem and 25,000,000 tokens from Development and Team. This will result in a total increase of 3.87% in circulating supply, adding over $661,000 worth of tokens to the market. According to the X2Y2 schedule this upcoming unlock is going to be the last one.

IguVerse - $IGU Token Unlock

IguVerse, represented by the $IGU token, is an innovative 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 February 16, 2024, IguVerse is set to unlock approximately 5% of its circulating supply, distributing tokens to a diverse array of vesting groups, including the Public Round, Private Round, and strategic reserves, among others. This kind of multi-group unlock is repeating monthly always on the 16th day.

SuperRare - $RARE Token Unlock

SuperRare ($RARE) 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 February 17, 2024, SuperRare ($RARE) will unlock tokens totaling approximately 2.14% of the circulating supply, valued at roughly $2.45 million. SuperRare Labs will receive tokens worth about $1.22 million, Investors around $520,000, and the Community Treasury will get tokens valued at approximately $717,000. This event is a part of the scheduled token distribution plan for the SuperRare ecosystem.

Honorable Mentions:

  • My Neighbor Alice ($ALICE) - Feb 15th unlocking 1% from "Reserve"
  • Ape Coin ($APE) - Feb 17th unlocking 1.5% to multiple vesting groups.
  • CyberConnect ($CYBER) - Feb 15th unlocking 1.1% to "Future Community Rewards"

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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