WEEKLY UNLOCKS Jun 10 to 17: $APE and $RARE Team Drops, Iguverse and Liquidus
In the second week of June 2024 the price of $APE and $RARE tokens may face selling pressure from founding teams. Large unlocks are also projected for $LIQ and $IGU.
🔒 Interesting Token Unlocks This Week:
Liquidus - $LIQ Token Unlock
Liquidus ($LIQ) is a blockchain project focused on simplifying decentralized finance (DeFi) for everyday users. The platform offers a mobile application that allows users to manage, stake, and earn on their cryptocurrency holdings with ease. LIQ operates on the Binance Smart Chain (BEP-20) and has a total supply of 6.5 million tokens, with a circulating supply of approximately 3.73 million as of mid-2024. The token is used for various functions within the Liquidus ecosystem, including staking and governance.
On Jun 11, 2024 Liquidus is set for these (and additional) unlocks:
- 82,079 $LIQ tokens valued at $2,949.47 will be released to the Vesting Group 6 allocation group, increasing the circulating supply by 0.24%
- 4,104 $LIQ tokens valued at $147.47 will be released to the Vesting Group 10 allocation group, increasing the circulating supply by 0.01%
- 164,159 $LIQ tokens valued at $5,898.93 will be released to the Vesting Group 4 allocation group, increasing the circulating supply by 0.47%
- 164,159 $LIQ tokens valued at $5,898.93 will be released to the Vesting Group 3 allocation group, increasing the circulating supply by 0.47%
- 20,520 $LIQ tokens valued at $737.37 will be released to the Vesting Group 7 allocation group, increasing the circulating supply by 0.06%
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 Jun 16, 2024 IGU Token is set for the following unlocks:
- 4,083,366 $IGU tokens valued at $71,186.05 will be released to the Treasury/Ecosystem allocation group, increasing the circulating supply by 1.02%
- 4,166,700 $IGU tokens valued at $72,638.83 will be released to the In-game Economy allocation group, increasing the circulating supply by 1.04%
- 2,777,800 $IGU tokens valued at $48,425.89 will be released to the Team allocation group, increasing the circulating supply by 0.69%
- 1,111,120 $IGU tokens valued at $19,370.35 will be released to the Advisors allocation group, increasing the circulating supply by 0.28%
- 1,588,346 $IGU tokens valued at $27,689.92 will be released to the Strategic Reserve allocation group, increasing the circulating supply by 0.4%
ApeCoin - $APE Token Unlock
ApeCoin ($APE) is a cryptocurrency on the Ethereum network, functioning as the native token for the APE ecosystem. It was created to serve as a decentralized protocol layer for community-led initiatives. ApeCoin is closely associated with Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), a prominent NFT collection. This token enables governance within the ApeCoin DAO, where holders vote on proposals affecting the ecosystem.
On Jun 17, 2024 ApeCoin is set for the following unlocks:
- 757,575 $APE tokens valued at $850,279.50 will be released to the Launch Contributor 2 allocation group, increasing the circulating supply by 0.08%
- 4,166,700 $APE tokens valued at $4,676,579 will be released to the Yuga Labs allocation group, increasing the circulating supply by 0.42%
- 277,780 $APE tokens valued at $311,771.96 will be released to the Jane Goodall Legacy Foundation allocation group, increasing the circulating supply by 0.03%
- 2,222,222 $APE tokens valued at $2,494,156 will be released to the BAYC Founders allocation group, increasing the circulating supply by 0.22%
- 7,343,750 $APE tokens valued at $8,242,405 will be released to the DAO Treasury and Resources allocation group, increasing the circulating supply by 0.73%
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 Jun 17, 2024 SuperRare is set for the following unlocks:
- 10,625,085 $RARE tokens valued at $1,220,239 will be released to the SuperRare Labs allocation group, increasing the circulating supply by 1.06%
- 4,531,250 $RARE tokens valued at $520,392.09 will be released to the Investors allocation group, increasing the circulating supply by 0.45%
- 6,250,000 $RARE tokens valued at $717,782.19 will be released to the Community Treasury allocation group, increasing the circulating supply by 0.63%
Honorable Mentions:
- Atem Network ($ATEM) will be releasing 0.8% on Jun 11 to the "Social Incentives" vesting group.
- Games For a Living ($GFAL) will be releasing 1.2% on Jun 13 to multiple vesting groups.
- My Neighbor Alice ($ALICE) will be releasing 1% on Jun 15 to the "Reserve" vesting group.
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!
