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WEEKLY UNLOCKS Jun 24 to Jul 01: $ID Community Airdrop, Big $ECOx Investor Unlocks

Daniel Urbánek
Daniel Urbánek
June 24 at 03:12
Analysis, Token Unlocks, News

This week's unlocks data suggest large incoming drops from Space ID ($ID), as well as notable $ECOx investor rounds. Pay increased attention to the price of $CO and $1INCH tokens.

🔒 Interesting Token Unlocks This Week:

  • $ID - 4.7% of the total supply will enter circulation on Jun 26.
  • $ECOx - 4% of the total supply will enter circulation on Jun 28.
  • $CO - 4% of the total supply will enter circulation on Jun 28.
  • $1INCH - 2.5% of the total supply will enter circulation on Jul 01.

SPACE ID - $ID Token Unlock

Space ID ($ID) is a project dedicated to building a universal name service network, offering a comprehensive identity platform that encompasses discovery, registration, trading, and management of web3 domains. It provides a Web3 Name SDK & API to facilitate developers across various blockchains, aiming to streamline the creation and management of web3 identities. The $ID token serves as the governance token within this ecosystem, allowing token holders to participate in decision-making and vote on DAO proposals.

On Jun 26, 2024 SPACE ID is set for the following unlocks:

  • 8,333,400 $ID tokens valued at $3,464,202 will be released to the Community Aidrop allocation group, increasing the circulating supply by 0.46%
  • 5,555,600 $ID tokens valued at $2,309,468 will be released to the Ecosystem Fund allocation group, increasing the circulating supply by 0.31%
  • 5,416,580 $ID tokens valued at $2,251,677 will be released to the Marketing allocation group, increasing the circulating supply by 0.3%
  • 4,999,920 $ID tokens valued at $2,078,471 will be released to the Foundation allocation group, increasing the circulating supply by 0.28%
  • 13,333,280 $ID tokens valued at $5,542,656 will be released to the Strategic Sale allocation group, increasing the circulating supply by 0.74%

ECOx - $ECOx Token Unlock

$ECOx is a reserve and governance token powering the Eco network, which focuses on creating a digital-native currency for sharing and saving monetary value. Eco is trying to build a payment product that will improve on both traditional and cryptocurrency infrastructure.

On Jun 28, 2024, ECOx is set for the following unlocks:

  • 36,249,901 $ECOx tokens will be released to the "Investors" allocation group, valued at $3,100,620, increasing the circulating supply by 3.63%.
  • 3,805,076 $ECOx tokens will be released to the "Team" allocation group, valued at $325,465.63, increasing the circulating supply by 0.38%.

Corite - $CO Token Unlock

Corite ($CO) is a blockchain-based music platform that aims to democratize the music industry by allowing fans and artists to collaborate in the production and promotion of music. The platform operates on a "Play to Earn" model, where fans can invest in music projects and earn rewards based on the success of the songs they support.

On Jun 28, 2024, Corite is set for the following unlocks:

  • Seed Round: 11,111,000 $CO tokens unlocking, valued at $31,769.31, increasing circulating supply by 1.11%.
  • Private Round: 15,555,540 $CO tokens unlocking, valued at $44,477.44, increasing circulating supply by 1.5%.
  • Ecosystem: 7,125,570 $CO tokens unlocking, valued at $20,373.91, increasing circulating supply by 0.7%.
  • Artist Incentive: 1,875,000 $CO tokens unlocking, valued at $5,361.13, increasing circulating supply by 0.2%.
  • Engage to Earn: 2,499,960 $CO tokens unlocking, valued at $7,148.05, increasing circulating supply by 0.25%.
  • Foundation Reserve: 2,083,300 $CO tokens unlocking, valued at $5,956.71, increasing circulating supply by 0.21%.

1Inch - $1INCH Token Unlock

1inch Network ($1INCH) is a decentralized finance (DeFi) project that focuses on providing users with the most efficient trading routes across multiple platforms. Their key offering is the 1inch Aggregation Protocol, which scours the DeFi market for the best cryptocurrency prices and pools them on one platform. The $1INCH token operates as both a governance and utility token within the 1inch Network.

On Jul 01, 2024, 1INCH Token is set for the following unlocks:

  • 5,083,374 $1INCH tokens valued at $1,969,135 will be released to the Backers 2 allocation group, increasing the circulating supply by 0.34%
  • 958,341 $1INCH tokens valued at $371,230.43 will be released to the Small Backers allocation group, increasing the circulating supply by 0.06%
  • 7,708,395 $1INCH tokens valued at $2,985,984 will be released to the Backers 1 allocation group, increasing the circulating supply by 0.51%
  • 9,375,075 $1INCH tokens valued at $3,631,602 will be released to the Core Contributors allocation group, increasing the circulating supply by 0.63%
  • 9,374,850 $1INCH tokens valued at $3,631,515 will be released to the Community Incentives allocation group, increasing the circulating supply by 0.62%

Honorable Mentions:

  • Sable ($SABLE) will be releasing 1.5% on Jun 25 to "Treasury" and "Community Incentives" vesting groups.
  • AIMalls ($AIT) will be releasing 3% on Jun 26 to multiple vesting groups.
  • BitMex ($BMEX) will be releasing 1.5% on Jul 01 to the "Employee Incentives" and "Long-term Reserve" 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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