WEEKLY VESTING Jul 23 to 29: Massive AI Token Unlocks

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 to access services, participate in governance, and earn staking rewards. Solidus AI Tech operates an eco-friendly HPC data center in Bucharest, Romania, with plans to expand across Europe.

On Jul 25, 2024, $AITECH is set for the following unlocks:

• 16,666,667 $AITECH tokens valued at $2,233,564 will be released to the Pre-Public allocation group, increasing the circulating supply by 0.84%
• 18,333,333 $AITECH tokens valued at $2,456,921 will be released to the Private allocation group, increasing the circulating supply by 0.92%
• 32,000,000 $AITECH tokens valued at $4,288,443 will be released to the Strategic/Ecosystem allocation group, increasing the circulating supply by 1.61%
• 7,619,048 $AITECH tokens valued at $1,021,058 will be released to the Seed allocation group, increasing the circulating supply by 0.38%
• 5,555,556 $AITECH tokens valued at $744,521.41 will be released to the Marketing allocation group, increasing the circulating supply by 0.28%

SophiaVerse - $SOPH Token Unlock

The SophiaVerse project ($SOPH) aims to create a decentralized platform that leverages AI to enhance various applications and services within the crypto space. By utilizing smart contracts and decentralized technologies, SophiaVerse seeks to provide innovative solutions for data management, automation, and intelligent decision-making processes. The $SOPH token serves as the native currency, facilitating transactions, incentivizing participation, and enabling access to AI-powered services on the platform.

On Jul 25, 2024, SOPH AI is set for the following unlocks:

• 5,000,040 $SOPH tokens valued at $240,391.18 will be released to the Team and Advisors allocation group, increasing the circulating supply by 0.5%
• 5,520,877 $SOPH tokens valued at $265,431.92 will be released to the Strategic Partners allocation group, increasing the circulating supply by 0.55%
• 3,472,250 $SOPH tokens valued at $166,938.32 will be released to the Community Incentive Pool allocation group, increasing the circulating supply by 0.35%
• 3,472,250 $SOPH tokens valued at $166,938.32 will be released to the Liquidity Rewards Pool allocation group, increasing the circulating supply by 0.35%
• 6,666,720 $SOPH tokens valued at $320,521.57 will be released to the Ecosystem and Network Adoption Fund allocation group, increasing the circulating supply by 0.67%

SPACE ID - $ID Token Unlock

Space ID ($ID) is a project dedicated to building a universal name service network, offering a comprehensive identity platform that encompasses discovery, registration, trading, and management of web3 domains. It provides a Web3 Name SDK & API to facilitate developers across various blockchains, aiming to streamline the creation and management of web3 identities. The $ID token serves as the governance token within this ecosystem, allowing token holders to participate in decision-making and vote on DAO proposals.

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

• 8,333,400 $ID tokens valued at $4,045,777 will be released to the Community Aidrop allocation group, increasing the circulating supply by 0.46%
• 5,555,600 $ID tokens valued at $2,697,184 will be released to the Ecosystem Fund allocation group, increasing the circulating supply by 0.31%
• 5,416,580 $ID tokens valued at $2,629,692 will be released to the Marketing allocation group, increasing the circulating supply by 0.3%
• 4,999,920 $ID tokens valued at $2,427,408 will be released to the Foundation allocation group, increasing the circulating supply by 0.28%

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 Jul 28, 2024, Corite is set for the following unlocks:

• 7,000,000 $CO tokens valued at $13,067.98 will be released to the Advisors allocation group, increasing the circulating supply by 1.4%
• 7,125,570 $CO tokens valued at $13,302.40 will be released to the Ecosystem allocation group, increasing the circulating supply by 1.43%
• 1,875,000 $CO tokens valued at $3,500.35 will be released to the Artist Incentive allocation group, increasing the circulating supply by 0.38%
• 2,499,960 $CO tokens valued at $4,667.06 will be released to the Engage to Earn allocation group, increasing the circulating supply by 0.5%
• 2,083,300 $CO tokens valued at $3,889.22 will be released to the Foundation Reserve allocation group, increasing the circulating supply by 0.42%

Honorable Mentions:

• Sakai Vault ($SAKAI) will be releasing 0.8% on Jul 23 and 0.5% on Jul 24 to multiple vesting groups.
• AIMalls ($AIT) will be releasing 3% on Jul 26 to "Staking", "Foundation" and "Marketing" vesting groups.
• Wootrade Network ($WOO) will be releasing 0.6% on Jul 28 to "Team", "Advisors" and "Equity" 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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