WEEKLY VESTING Jul 02 to 08: $HyPC Network Incentives, $ATA, $HFT and $TKO
The first week of July 2024 will bring multiple larger token unlocks on the 7. and 8. of the month. Watch the price of $HyPC, $ATA, $TKO, and $HFT closely for changes.
🔒 Interesting Token Unlocks This Week:
Hashflow - $HFT Token Unlock
Hashflow ($HFT) is a decentralized exchange (DEX) that facilitates trading across multiple blockchains like Ethereum, BNB Chain, and others without the need for bridges. It uses a request-for-quote model to ensure traders get guaranteed price quotes from market makers. Hashflow offers revenue sharing to HFT stakers, gamified DAO experiences through Hashverse, and employs a vote-escrow model for governance.
On Jul 07, 2024, Hashflow is set for the following unlocks:
- 7,027,834 $HFT tokens valued at $1,470,362 will be released to the Investors allocation group, increasing the circulating supply by 0.7%
- 5,992,600 $HFT tokens valued at $1,253,770 will be released to the Ecosystem Development allocation group, increasing the circulating supply by 0.6%
- 3,250,065 $HFT tokens valued at $679,977.76 will be released to the Team allocation group, increasing the circulating supply by 0.33%
Automata - $ATA Token Unlock
Automata ($ATA), now Automata 2.0 is essentially a trust-enhancing tool for Ethereum, a type of technology used for a wide variety of internet applications, especially those involving transactions. It's like a security layer that checks and confirms activities that aren't directly recorded on Ethereum's main ledger, ensuring that everything is accurate and trustworthy. It's designed to fit in with Ethereum's existing security measures and can be customized for different needs, helping to keep online transactions private and fair.
On Jul 07, 2024, Automata is set for the following unlocks:
- 7,500,000 $ATA tokens valued at $850,726.50 will be released to the Team allocation group, increasing the circulating supply by 0.75%
- 2,500,000 $ATA tokens valued at $283,575.50 will be released to the Strategic Partners and Advisors allocation group, increasing the circulating supply by 0.25%
Tokocrypto Token - $TKO Token Unlock
TokoCrypto's $TKO token is a cryptocurrency emerging from Indonesia's first registered digital asset exchange. The TKO token is a multifunctional ERC-20 token that integrates both CeFi (Centralized Finance) and DeFi (Decentralized Finance) features within its platform. The token facilitates a range of platform-specific benefits for its holders, including discounts on trading fees, stakeholder rewards, and governance participation rights.
On Jul 07, 2024, Tokocrypto Token is set for the following unlock:
- 10,000,000 $TKO tokens valued at $3,621,966 will be released to the Foundation Reserves allocation group, increasing the circulating supply by 2.03%
HyperCycle Token - $HyPC Token Unlock
HyperCycle ($HyPC) is a cryptocurrency that serves as a utility token within the HyperCycle network, a Layer 0++ blockchain architecture designed to facilitate high-speed and cost-effective on-chain execution of microservices. The network is particularly optimized for AI-related applications, providing a platform for decentralized AI and computation for various use cases.
On Jul 08, 2024, HyperCycle Token is set for the following unlocks:
- 4,115,969 $HyPC tokens valued at $1,839,115 will be released to the Strategic Partners allocation group, increasing the circulating supply by 0.19%
- 10,737,311 $HyPC tokens valued at $4,797,693 will be released to the Team and Advisors allocation group, increasing the circulating supply by 0.5%
- 7,158,422 $HyPC tokens valued at $3,198,558 will be released to the Liquidity Rewards Pool allocation group, increasing the circulating supply by 0.33%
- 10,232,964 $HyPC tokens valued at $4,572,338 will be released to the Ecosystem and Network Adoption Fund allocation group, increasing the circulating supply by 0.48%
- 7,874,264 $HyPC tokens valued at $3,518,413 will be released to the Network Incentive Pool allocation group, increasing the circulating supply by 0.37%
Honorable Mentions:
- Seedify NFT Space ($SNFTS) will be releasing 0.9% on Jul 04 to "vesting group 3".
- Green Metaverse Token ($GMT) will be releasing 0.9% on Jul 05 to "Growth backers 1".
- Cheelee ($CHEEL) will be releasing 0.8% on Jul 06 to "Private Round", "Reserve fund" and additional 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!
