WEEKLY UNLOCKS May 27 to Jun 3: First Big $INFRA Unlock, $CO, $1INCH and $CQT

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 May 28, 2024 CO is set for the following unlocks:

• 7,125,570 $CO tokens valued at $30,014.76 will be released to the Ecosystem allocation group, increasing the circulating supply by 1.43%
• 1,875,000 $CO tokens valued at $7,897.99 will be released to the Artist Incentive allocation group, increasing the circulating supply by 0.38%
• 2,499,960 $CO tokens valued at $10,530.48 will be released to the Engage to Earn allocation group, increasing the circulating supply by 0.5%
• 2,083,300 $CO tokens valued at $8,775.40 will be released to the Foundation Reserve allocation group, increasing the circulating supply by 0.42%

Bware - $INFRA Token Unlock

Bware ($INFRA) is a cryptocurrency project designed to enhance the decentralized Web3 infrastructure through high-performance API services and developer tools. Launched in May 2023, the $INFRA token is integral to Bware Labs' Blast Protocol, enabling node operators to earn rewards based on their performance while ensuring network stability and efficiency. The protocol supports decentralized node operations across various blockchains, incentivizing users to contribute to the network's growth and stability.

On May 29, 2024 Bware is set for the following unlocks:

• 144,446 $INFRA tokens valued at $97,421.96 will be released to the Advisors allocation group, increasing the circulating supply by 0.14%
• 666,672 $INFRA tokens valued at $449,639.83 will be released to the Series A Sale allocation group, increasing the circulating supply by 0.67%
• 677,783 $INFRA tokens valued at $457,133.83 will be released to the Seed Round allocation group, increasing the circulating supply by 0.68%
• 66,667 $INFRA tokens valued at $44,963.98 will be released to the Provider Incentivized Testnet allocation group, increasing the circulating supply by 0.07%
• 555,000 $INFRA tokens valued at $374,322.16 will be released to the Marketing allocation group, increasing the circulating supply by 0.56%
• 555,560 $INFRA tokens valued at $374,699.86 will be released to the  allocation Core Contributors group, increasing the circulating supply by 0.56%
• 555,560 $INFRA tokens valued at $374,699.86 will be released to the  allocation Treasury group, increasing the circulating supply by 0.56%

1Inch - $1INCH Token Unlock

1Inch ($1INCH) Network 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 Jun 01, 2024 1INCH Token is set for the following unlocks:

• 5,083,374 $1INCH tokens valued at $2,126,116 will be released to the Backers 2 allocation group, increasing the circulating supply by 0.34%
• 958,341 $1INCH tokens valued at $400,825.11 will be released to the Small Backers allocation group, increasing the circulating supply by 0.06%
• 7,708,395 $1INCH tokens valued at $3,224,028 will be released to the Backers 1 allocation group, increasing the circulating supply by 0.51%
• 9,375,075 $1INCH tokens valued at $3,921,115 will be released to the Core Contributors allocation group, increasing the circulating supply by 0.63%
• 9,374,850 $1INCH tokens valued at $3,921,021 will be released to the Community Incentives allocation group, increasing the circulating supply by 0.62%

Covalent Query - $CQT Token Unlock

The Covalent Query Token ($CQT) powers the Covalent Network, which is a blockchain data analytics platform offering granular, comprehensive, and historical data through a single API. $CQT is used for governance, allowing token holders to vote on proposals, as well as for staking and securing the network, where validators earn fees for their services.

On Jun 01, 2024 Covalent Query Token is set for the following unlocks:

• 833,180 $CQT tokens valued at $225,964.11 will be released to the Advisors allocation group, increasing the circulating supply by 0.08%
• 12,183,750 $CQT tokens valued at $3,304,316 will be released to the Reserve allocation group, increasing the circulating supply by 1.22%
• 4,255,400 $CQT tokens valued at $1,154,094 will be released to the Ecosystem allocation group, increasing the circulating supply by 0.43%
• 2,992,452 $CQT tokens valued at $811,573.46 will be released to the Team allocation group, increasing the circulating supply by 0.3%
• 1,509,440 $CQT tokens valued at $409,370.44 will be released to the Staking allocation group, increasing the circulating supply by 0.15%

Honorable Mentions:

• Wootrade ($WOO) unlocking 0.6% on May 28 to "Team", "Advisors" and "Equity Funding" vesting groups.
• dYdX Exchange ($DYDX) unlocking 0.8% on Jun 01 to multiple vesting groups.
  
• BitMex Exchange ($BMEX) unlocking 1.5% on May 27 to "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!