WEEKLY VESTING Apr 15th - 21st: Millions Worth of $APE and $RARE to Flood the Market
Welcome to our weekly vesting analysis. This week the stars of the show are $APE and $RARE with large amounts to release. $IGU and $0KN will also add around 3% to their supply.
🔒 Interesting Token Unlocks This Week:
Iguverse - $IGU Token Unlock
IguVerse, represented by the $IGU token, is an innovative 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 Apr 16th, Iguverse is set for the following unlocks:
- 4,083,366 $IGU tokens valued at $100,993.75 will be released to the "Treasury/Ecosystem" allocation group, increasing the circulating supply by 1.02%.
- 4,166,700 $IGU tokens valued at $103,054.85 will be released to the "In-game Economy" allocation group, increasing the circulating supply by 1.04%.
- 2,777,800 $IGU tokens valued at $68,703.23 will be released to the "Team" allocation group, increasing the circulating supply by 0.69%.
- 1,111,120 $IGU tokens valued at $27,481.29 will be released to the "Advisors" allocation group, increasing the circulating supply by 0.28%.
- 1,588,346 $IGU tokens valued at $39,284.51 will be released to the "Strategic Reserve" allocation group, increasing the circulating supply by 0.4%.
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 Apr 17th, SuperRare is set for the following unlocks:
- 10,625,085 $RARE tokens valued at $1,342,292 will be released to the "SuperRare Labs" allocation group, increasing the circulating supply by 1.06%.
- 4,531,250 $RARE tokens valued at $572,443.60 will be released to the "Investors" allocation group, increasing the circulating supply by 0.45%.
- 6,250,000 $RARE tokens valued at $789,577.38 will be released to the "Community Treasury" allocation group, increasing the circulating supply by 0.63%.
ApeCoin - $APE Token Unlock
ApeCoin ($APE) is a cryptocurrency that has gained significant attention in the crypto community, especially among enthusiasts of non-fungible tokens (NFTs). It is closely associated with the Bored Ape Yacht Club (BAYC), a widely recognized collection of NFTs.
On Apr 17th, ApeCoin is set for the following unlocks:
- 757,575 $APE tokens valued at $957,882.09 will be released to the "Launch Contributor 2" allocation group, increasing the circulating supply by 0.08%.
- 2,222,222 $APE tokens valued at $2,809,790 will be released to the "BAYC Founders" allocation group, increasing the circulating supply by 0.22%.
- 4,166,700 $APE tokens valued at $5,268,399 will be released to the "Yuga Labs" allocation group, increasing the circulating supply by 0.42%.
- 277,780 $APE tokens valued at $351,226.60 will be released to the "Jane Goodall Legacy Foundation" allocation group, increasing the circulating supply by 0.03%.
- 7,343,750 $APE tokens valued at $9,285,479 will be released to the "DAO Treasury and Resources" allocation group, increasing the circulating supply by 0.73%.
- 533,334 $APE tokens valued at $674,350.51 will be released to the "Launch Contributor 3" allocation group, increasing the circulating supply by 0.05%.
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 Apr 20th, Zero Knowledge Network is set for the following unlock:
- 300,000,000 $0KN tokens valued at $332,031.43 will be released to the "Node/Server Rewards Lock" allocation group, increasing the circulating supply by 3%.
Honorable Mentions:
- BreederDAO ($BREED) unlocking 1.2% on 19.4. to "Advisory", "Private" and "Sale" vesting groups
- Pop Token ($PPT) unlocking 1.5% on 21.4. to "Airdrops" vesting group
- OpenFabric ($OFN) unlocking 1.2% on 22.4. to multiple 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!
