WEEKLY UNLOCKS Jun 17 to 24: $DYDX Investor/Employee drop, $0KN, $PPT and $AITECH
In the week of Jun 17 to 24, you can expect Investor unlocks of $DYDX worth millions. $0KN is coming in with a strong 3% supply increase allocated to node rewards.
🔒 Interesting Token Unlocks This Week:
Zero Knowledge Network - $0KN Token Unlock
The Zero Knowledge Network, with its token $0KN, is a decentralized privacy network infrastructure. It aims to preserve user anonymity even against adversaries monitoring the entire network. $0KN leverages a next-generation, mixnet-based metadata-private anonymous broadcast network called Trellis. This network is designed to protect user anonymity, assuming that a fraction of all network servers might be malicious.
On Jun 19, 2024 Zero Knowledge Network is set for the following unlocks:
- 300,000,000 $0KN tokens valued at $135,036.21 will be released to the Node/Server Rewards Lock allocation group, increasing the circulating supply by 3%
Pop Token - $PPT Token Unlock
Pop Social Token ($PPT) is the native cryptocurrency of the Pop Social platform, a blockchain-based social media ecosystem that integrates Web3 technology. Designed to reward user engagement and content creation, $PPT functions as both a utility and governance token within the platform. Users and creators on Pop Social can earn $PPT through various activities such as posting, sharing, and interacting with content. The token can be used for accessing premium features, tipping creators, and purchasing NFTs within the ecosystem.
On Jun 20, 2024 Pop Token is set for the following unlocks:
- 2,500,000 $PPT tokens valued at $192,818.13 will be released to the Foundation Reserve allocation group, increasing the circulating supply by 1.25%
- 416,667 $PPT tokens valued at $32,136.36 will be released to the Strategic Round allocation group, increasing the circulating supply by 0.21%
- 166,667 $PPT tokens valued at $12,854.54 will be released to the Advisors allocation group, increasing the circulating supply by 0.08%
- 230,833 $PPT tokens valued at $17,803.54 will be released to the Treasury allocation group, increasing the circulating supply by 0.12%
- 1,000,000 $PPT tokens valued at $77,127.25 will be released to the Developer Team allocation group, increasing the circulating supply by 0.5%
dYdX - $DYDX Token Unlock
dYdX ($DYDX) is a decentralized exchange that offers advanced trading features such as perpetual contracts, spot trading, and margin trading. Initially built on Ethereum's Layer 2 solution StarkEx to enhance scalability and reduce gas fees, dYdX transitioned to its own blockchain using the Cosmos SDK with its v4 upgrade, achieving full decentralization and higher transaction throughput. The platform is designed for both individual and institutional traders, providing leveraged trading opportunities and maintaining a non-custodial model, which ensures that users retain control of their funds.
On Jun 22, 2024 dYdX is set for the following unlocks:
- 9,233,333 $DYDX tokens valued at $13,799,044 will be released to the Investors allocation group, increasing the circulating supply by 0.96%
- 5,100,000 $DYDX tokens valued at $7,621,854 will be released to the Employees and Consultants allocation group, increasing the circulating supply by 0.53%
- 2,333,333 $DYDX tokens valued at $3,487,123 will be released to the Future Employees and Consultants allocation group, increasing the circulating supply by 0.24%
Solidus AI Tech - $AITECH Token Unlock
Solidus AI Tech ($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 for accessing services, participating in governance, and earning staking rewards. Solidus AI Tech operates an eco-friendly HPC data center in Bucharest, Romania, with plans to expand across Europe.
On Jun 24, 2024 Solidus AI Tech is set for the following unlocks:
- 16,666,667 $AITECH tokens valued at $2,148,653 will be released to the "Pre-Public" allocation group, increasing the circulating supply by 0.84%
- 18,333,333 $AITECH tokens valued at $2,363,518 will be released to the "Private" allocation group, increasing the circulating supply by 0.92%
- 32,000,000 $AITECH tokens valued at $4,125,414 will be released to the "Strategic/Ecosystem" allocation group, increasing the circulating supply by 1.61%
- 7,619,048 $AITECH tokens valued at $982,241.43 will be released to the "Seed" allocation group, increasing the circulating supply by 0.38%
Honorable Mentions:
- BreederDAO ($BREED) will be releasing 0.9% on Jun 19 to "Private" and "Seed" vesting groups.
- Bixos ($UBXS) will be releasing 1.2% on Jun 18 to "vesting group 5"
- NerdBot ($NERD) will be releasing 1.7% on Jun 20 to the "Community Fund" and 0.8% on Jun 22 to the "Seed Round" 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!
