WEEKLY UNLOCKS May 20 to 27: Major Vesting Drops $PPT, $DYDX, $AITECH and $ID

PopSocial - $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 May 21, 2024 Pop Token is set for the following unlocks:

• 2,500,000 $PPT tokens valued at $358,585.34 will be released to the Foundation Reserve allocation group, increasing the circulating supply by 1.25%
• 416,667 $PPT tokens valued at $59,764.22 will be released to the Strategic Round allocation group, increasing the circulating supply by 0.21%
• 166,667 $PPT tokens valued at $23,905.69 will be released to the Advisors allocation group, increasing the circulating supply by 0.08%
• 230,833 $PPT tokens valued at $33,109.38 will be released to the Treasury allocation group, increasing the circulating supply by 0.12%
• 1,000,000 $PPT tokens valued at $143,434.13 will be released to the Developer Team allocation group, increasing the circulating supply by 0.5%

dYdX Exchange - $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 May 23, 2024 dYdX is set for the following unlocks:

• 9,233,333 $DYDX tokens valued at $18,374,344 will be released to the Investors allocation group, increasing the circulating supply by 0.96%
• 5,100,000 $DYDX tokens valued at $10,149,006 will be released to the Employees and Consultants allocation group, increasing the circulating supply by 0.53%
• 2,333,333 $DYDX tokens valued at $4,643,336 will be released to the Future Employees and Consultants allocation group, increasing the circulating supply by 0.24%

Solidus AiTech - $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 May 25, 2024 AITECH is set for the following unlocks:

• 16,666,667 $AITECH tokens valued at $2,829,093 will be released to the Pre-Public allocation group, increasing the circulating supply by 0.84%
• 18,333,333 $AITECH tokens valued at $3,112,002 will be released to the Private allocation group, increasing the circulating supply by 0.92%
• 32,000,000 $AITECH tokens valued at $5,431,858 will be released to the Strategic/Ecosystem allocation group, increasing the circulating supply by 1.61%
• 7,619,048 $AITECH tokens valued at $1,293,300 will be released to the Seed allocation group, increasing the circulating supply by 0.38%
• 5,555,556 $AITECH tokens valued at $943,030.94 will be released to the Marketing allocation group, increasing the circulating supply by 0.28%

Space ID - $ID Token Unlock

Space ID ($ID) is a blockchain-based project focused on providing a universal name service network for Web3 domains and digital identities. Launched in March 2023 via the Binance Launchpad, Space ID aims to simplify the discovery, registration, trading, and management of Web3 domains across multiple blockchains such as Ethereum, BNB Chain, and Arbitrum. The native ID token serves multiple roles within the ecosystem, including governance, staking, and payments for services. Users can stake ID tokens to receive discounts on domain registration and trading fees, participate in governance through the Space ID DAO, and use the token for transactions within the Space ID platform.

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

• 8,333,400 $ID tokens valued at $6,242,104 will be released to the Community Aidrop allocation group, increasing the circulating supply by 0.46%
• 5,555,600 $ID tokens valued at $4,161,403 will be released to the Ecosystem Fund allocation group, increasing the circulating supply by 0.31%
• 5,416,580 $ID tokens valued at $4,057,270 will be released to the Marketing allocation group, increasing the circulating supply by 0.3%
• 4,999,920 $ID tokens valued at $3,745,173 will be released to the Foundation allocation group, increasing the circulating supply by 0.28%

Honorable Mentions:

• Nerd Token ($NERD) unlocking 1.7% on May 21 to "Community Fund", 0.8% on May 22 to "Seed Round" and 1.7% on May 23 to "MKT and Partnership".
• Sakai Vault ($SAKAI) unlocking 0.8% on May 24 to "VCs Partnerships" and "Core Team".
• AIMalls ($AIT) unlocking 3% on May 27 to "Staking", "Foundation" and "Marketing" 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."

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