WEEKLY VESTING Jul 16 to 22: $DYDX Liquidity to Flood the Market, $APE, $RARE and $IGU
In the week of 16 to 22 July, you can prepare for significant unlocks from the NFT projects $APE and $RARE. $DYDX will also release more than $22M worth of liquidity.
🔒 Interesting Token Unlocks This Week:
IguVerse - $IGU Token Unlock
IguVerse, represented by the $IGU token, is a 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 Jul 16, 2024, IGU Token is set for the following unlocks:
- 4,083,366 $IGU tokens valued at $40,496.55 will be released to the Treasury/Ecosystem allocation group, increasing the circulating supply by 1.02%
- 4,166,700 $IGU tokens valued at $41,323.01 will be released to the In-game Economy allocation group, increasing the circulating supply by 1.04%
- 2,777,800 $IGU tokens valued at $27,548.67 will be released to the Team allocation group, increasing the circulating supply by 0.69%
- 1,111,120 $IGU tokens valued at $11,019.47 will be released to the Advisors allocation group, increasing the circulating supply by 0.28%
- 1,588,346 $IGU tokens valued at $15,752.33 will be released to the Strategic Reserve allocation group, increasing the circulating supply by 0.4%
ApeCoin - $APE Token Unlock
ApeCoin ($APE) is a cryptocurrency on the Ethereum network, functioning as the native token for the APE ecosystem. It was created to serve as a decentralized protocol layer for community-led initiatives. ApeCoin is closely associated with Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), a prominent NFT collection. This token enables governance within the ApeCoin DAO, where holders vote on proposals affecting the ecosystem.
On Jul 17, 2024, ApeCoin is set for the following unlocks:
- 757,575 $APE tokens valued at $578,103.18 will be released to the Launch Contributor 2 allocation group, increasing the circulating supply by 0.08%
- 4,166,700 $APE tokens valued at $3,179,596 will be released to the Yuga Labs allocation group, increasing the circulating supply by 0.42%
- 277,780 $APE tokens valued at $211,973.08 will be released to the Jane Goodall Legacy Foundation allocation group, increasing the circulating supply by 0.03%
- 2,222,222 $APE tokens valued at $1,695,771 will be released to the BAYC Founders allocation group, increasing the circulating supply by 0.22%
- 7,343,750 $APE tokens valued at $5,603,993 will be released to the DAO Treasury and Resources allocation group, increasing the circulating supply by 0.73%
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 Jul 17, 2024, SuperRare is set for the following unlocks:
- 10,623,045 $RARE tokens valued at $1,001,888 will be released to the SuperRare Labs allocation group, increasing the circulating supply by 1.06%
- 4,531,250 $RARE tokens valued at $427,354.37 will be released to the Investors allocation group, increasing the circulating supply by 0.45%
- 6,250,000 $RARE tokens valued at $589,454.30 will be released to the Community Treasury allocation group, increasing the circulating supply by 0.63%
dYdX - $DYDX Token Unlock
dYdX ($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 Jul 22, 2024, dYdX is set for the following unlocks:
- 9,233,333 $DYDX tokens valued at $12,938,397 will be released to the Investors allocation group, increasing the circulating supply by 0.98%
- 5,100,000 $DYDX tokens valued at $7,146,479 will be released to the Employees and Consultants allocation group, increasing the circulating supply by 0.54%
- 2,333,333 $DYDX tokens valued at $3,269,631 will be released to the Future Employees and Consultants allocation group, increasing the circulating supply by 0.25%
Honorable Mentions:
- Liquidus ($LIQ) will be releasing 0.8% on Jul 16 to "Vesting group 14".
- pStake Finance ($PSTAKE) will be releasing 0.9% on Jul 17 to the "Team" vesting group.
- Pop Social ($PPT) will be releasing 2.2% on Jul 21 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!
