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WEEKLY VESTING March 12. to 18.: $10M of $GFAL to Hit The Market, $IGU, $PSTAKE and $XEND

Daniel Urbánek
Daniel Urbánek
March 11 at 23:24
News, Token Unlocks, Analysis

Explore significant token unlocks happening this week across various projects, including Xend Finance, Games for a Living, pSTAKE Finance, and IguVerse.

🔒 Interesting Token Unlocks This Week:

  • $XEND - 3.5% of the total supply will enter circulation on Mar 12th.
  • $GFAL - 2.5% of the total supply will enter circulation on Mar 13th.
  • $PSTAKE - 3.3% of the total supply will enter circulation on Mar 15th.
  • $IGU - 4.9% of the total supply will enter circulation on Mar 16th.

Xend  - $XEND Token Unlock

Xend Finance ($XEND) is a platform in the DeFi sector that offers a unique savings and investment opportunity, particularly for credit unions and cooperatives. Utilizing blockchain technology, Xend Finance enables users to earn higher interest rates on their savings compared to traditional banking systems. The platform operates on the Binance Smart Chain, ensuring transactions are swift, cost-effective, and secure.

On March 12th, Xend is set for the following unlock:

  • 6,923,000 $XEND tokens valued at $657,321 will be released to the “Team” allocation group, increasing the circulating supply by 3.5%

Games For A Living - $GFAL Token Unlock

Games for a Living ($GFAL) is a Web3 gaming platform established in 2021, focusing on integrating blockchain technology into the gaming industry to offer more sustainable revenue models and enhanced gaming experiences. The GFAL token underpins its ecosystem, facilitating transactions and interactions within its games.

On March 13th Games For A Living is set for the following unlocks:

  • 124,999,500 $GFAL tokens valued at $4,946,953 will be released to the “Private Sale” allocation group, increasing the circulating supply by 1.25%.
  • 31,250,250 $GFAL tokens valued at $1,236,753 will be released to the “Marketing” allocation group, increasing the circulating supply by 0.31%.
  • 8,333,400 $GFAL tokens valued at $329,800.79 will be released to the “Advisors” allocation group, increasing the circulating supply by 0.08%.
  • 11,111,000 $GFAL tokens valued at $439,726.48 will be released to the “Developers” allocation group, increasing the circulating supply by 0.11%.
  • 25,000,500 $GFAL tokens valued at $989,414.25 will be released to the “In-Game” allocation group, increasing the circulating supply by 0.25%.
  • 31,249,500 $GFAL tokens valued at $1,236,723 will be released to the “Foundation” allocation group, increasing the circulating supply by 0.31%.
  • 16,666,200 $GFAL tokens valued at $659,577.84 will be released to the “Team” allocation group, increasing the circulating supply by 0.17%.

pSTAKE Finance - $PSTAKE Token Unlock

pSTAKE Finance ($PSTAKE) is a liquid staking solution developed by Persistence, designed to unlock the liquidity of staked assets in Proof of Stake (PoS) networks. It enables users to stake their PoS tokens and receive 1:1 pegged representative tokens (stkASSETs) in return. These stkASSETs can then be utilized across various DeFi platforms to earn additional yield while still accruing staking rewards

On Mar 15th, pSTAKE Finance is set for the following unlock:

  • 16,250,000 $PSTAKE tokens valued at $2,545,599 will be released to the “Incentives and Community Development” allocation group, increasing the circulating supply by 3.25%.

And on Mar 17th, pSTAKE Finance is set for the following unlock:

  • 4,444,444 $PSTAKE tokens valued at $696,232.28 will be released to the “Team” allocation group, increasing the circulating supply by 0.89%.

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 Mar 16th, Iguverse is set for the following unlocks:

  • 5,699,736 $IGU tokens valued at $248,935.57 will be released to the “Private Round” allocation group, increasing the circulating supply by 1.42%.
  • 4,083,366 $IGU tokens valued at $178,340.73 will be released to the “Treasury/Ecosystem” allocation group, increasing the circulating supply by 1.02%.
  • 4,166,700 $IGU tokens valued at $181,980.33 will be released to the “In-game Economy” allocation group, increasing the circulating supply by 1.04%.
  • 2,777,800 $IGU tokens valued at $121,320.22 will be released to the “Team” allocation group, increasing the circulating supply by 0.69%.
  • 1,111,120 $IGU tokens valued at $48,528.09 will be released to the “Advisors” allocation group, increasing the circulating supply by 0.28%.
  • 1,588,346 $IGU tokens valued at $69,370.90 will be released to the “Strategic Reserve” allocation group, increasing the circulating supply by 0.4%.

Honorable Mentions:

  • SuperRare ($RARE) unlocking 2.1% on 17.3. to multiple vesting groups
  • ApeCoin ($APE) unlocking 1.5% on 17.3. to multiple vesting groups
  • Alice ($ALICE) unlocking 2.4% on 15.3. to “Reserve” and “Team and Advisor

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!

Disclaimer: The content of this piece reflects the writer's opinion. This article is not intended to provide financial advice and is meant solely for entertainment and educational purposes. Investing in cryptocurrency involves significant risk. Capital is at risk, and returns are not guaranteed. Always conduct your own research.

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