WEEKLY VESTING May 13. to 20.: Don’t Miss Out on $APE, $RARE, $IMX and $IGU
Discover the most important crypto vesting unlocks happening this week - $APE, $RARE. $IMX and $IGU. Stay informed about key projects and their market impacts.
🔒 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 May 16, 2024 IGU Token is set for the following unlocks:
- 4,083,366 $IGU tokens valued at $83,046.03 will be released to the Treasury/Ecosystem allocation group, increasing the circulating supply by 1.02%
- 4,166,700 $IGU tokens valued at $84,740.85 will be released to the In-game Economy allocation group, increasing the circulating supply by 1.04%
- 2,777,800 $IGU tokens valued at $56,493.90 will be released to the Team allocation group, increasing the circulating supply by 0.69%
- 1,111,120 $IGU tokens valued at $22,597.56 will be released to the Advisors allocation group, increasing the circulating supply by 0.28%
- 1,588,346 $IGU tokens valued at $32,303.21 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 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 May 17, 2024 ApeCoin is set for the following unlocks:
- 757,575 $APE tokens valued at $888,402.33 will be released to the Launch Contributor 2 allocation group, increasing the circulating supply by 0.08%
- 4,166,700 $APE tokens valued at $4,886,257 will be released to the Yuga Labs allocation group, increasing the circulating supply by 0.42%
- 277,780 $APE tokens valued at $325,750.46 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 $2,605,983 will be released to the BAYC Founders allocation group, increasing the circulating supply by 0.22%
- 7,343,750 $APE tokens valued at $8,611,959 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 May 17, 2024 SuperRare is set for the following unlocks:
- 10,625,085 $RARE tokens valued at $1,440,373 will be released to the SuperRare Labs allocation group, increasing the circulating supply by 1.06%
- 4,531,250 $RARE tokens valued at $614,271.85 will be released to the Investors allocation group, increasing the circulating supply by 0.45%
- 6,250,000 $RARE tokens valued at $847,271.52 will be released to the Community Treasury allocation group, increasing the circulating supply by 0.63%
ImmutableX - $IMX Token Unlock
Immutable X ($IMX) is a layer-two Ethereum scaling solution specializing in NFTs, using StarkWare's zk-rollup technology. It offers fast trading, no gas fees for NFT transactions, and carbon-neutral operations. The IMX token facilitates fee payment, staking, and governance. Immutable X focuses on the GameFi sector and hosts various NFT-based games, emphasizing security, eco-friendliness, and user experience. Co-founded by James and Robbie Ferguson, it's backed by prominent crypto VC funds and aims to be a leading platform for NFTs and digital collectibles.
On May 18, 2024 Immutable X is set for the following unlock:
- 12,787,500 $IMX tokens valued at $27,172,572 will be released to the Project Development allocation group, increasing the circulating supply by 0.64%
Honorable Mentions:
- BreederDAO ($BREED) unlocking 0.4% on May 15 to "Team" vesting group.
- My Neighbor Alice ($ALICE) unlocking 1% on May 15 to "Reserve" vesting group.
- Bixos ($UBXS) unlocking 3.4% on May 19 to "Vesting group 5".
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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