Weekly Vesting: Top 5+ Token Unlocks Aug 27th to Sep 2nd | Ecosystem Rewards and Incentives
Get the latest insights on major crypto token vesting unlocks for the week of August 27th to September 2nd, including $ZETA, $CQT, $BMEX, $1INCH, and $CO.
🔒 Interesting Token Unlocks This Week:
- $CO - 2.73% of the total supply will enter circulation on Aug 28, 2024.
- $ZETA - 1.57% of the total supply will enter circulation on Aug 29, 2024.
- $1INCH - 2.16% of the total supply will enter circulation on Sep 01, 2024.
- $BMEX - 1.54% of the total supply will enter circulation on Sep 01, 2024.
- $CQT - 2.10% of the total supply will enter circulation on Sep 01, 2024.
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 Aug 28, 2024, CO is set for the following unlocks:
- 7,125,570 $CO tokens valued at $14,005.90 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 1.43%
- 1,875,000 $CO tokens valued at $3,685.47 will be released to the "Artist Incentive" allocation group, increasing the circulating supply by 0.38%
- 2,499,960 $CO tokens valued at $4,913.88 will be released to the "Engage to Earn" allocation group, increasing the circulating supply by 0.5%
- 2,083,300 $CO tokens valued at $4,094.90 will be released to the "Foundation Reserve" allocation group, increasing the circulating supply by 0.42%
Zeta - $ZETA Token Unlock
The $ZETA token is the native cryptocurrency of the ZetaChain network. It serves multiple purposes within the ecosystem, including facilitating cross-chain transactions, paying for gas fees, participating in network governance, and staking for network security. By holding and using $ZETA, users can engage with various aspects of the ZetaChain ecosystem and potentially benefit from its growth and adoption in the broader blockchain landscape.
On Aug 29, 2024, Zeta is set for the following unlocks:
- 15,750,000 $ZETA tokens valued at $8,831,667 will be released to the "Core Contributors" allocation group, increasing the circulating supply by 0.75%
- 11,200,000 $ZETA tokens valued at $6,280,297 will be released to the "Purchasers and Advisors" allocation group, increasing the circulating supply by 0.53%
- 6,000,000 $ZETA tokens valued at $3,364,445 will be released to the "Ecosystem Growth Fund" allocation group, increasing the circulating supply by 0.29%
1Inch - $1INCH Token Unlock
1Inch ($1INCH) Network is a decentralized finance (DeFi) project that focuses on providing users with the most efficient trading routes across multiple platforms. Their key offering is the 1inch Aggregation Protocol, which scours the DeFi market for the best cryptocurrency prices and pools them on one platform. The $1INCH token operates as both a governance and utility token within the 1inch Network.
On Sep 01, 2024, 1INCH Token is set for the following unlocks:
- 5,083,374 $1INCH tokens valued at $1,358,979 will be released to the "Backers 2" allocation group, increasing the circulating supply by 0.34%
- 958,341 $1INCH tokens valued at $256,201.02 will be released to the "Small Backers" allocation group, increasing the circulating supply by 0.06%
- 7,708,395 $1INCH tokens valued at $2,060,747 will be released to the "Backers 1" allocation group, increasing the circulating supply by 0.51%
- 9,375,075 $1INCH tokens valued at $2,506,314 will be released to the "Core Contributors" allocation group, increasing the circulating supply by 0.63%
- 9,374,850 $1INCH tokens valued at $2,506,254 will be released to the "Community Incentives" allocation group, increasing the circulating supply by 0.62%
BitMEX Exchange - $BMEX Token Unlock
The $BMEX token is the utility token of the BitMEX trading platform, designed to enhance the user experience by offering benefits such as trading fee discounts, priority product access, and staking rewards. It's an integral part of the BitMEX ecosystem, aimed at adding value to its users' trading activities and participation in the platform's community and offerings.
On Sep 01, 2024, BitMEX Token is set for the following unlocks:
- 3,749,310 $BMEX tokens valued at $1,808,286 will be released to the "Employee Incentives" allocation group, increasing the circulating supply by 0.84%
- 3,125,025 $BMEX tokens valued at $1,507,194 will be released to the "Long-term Reserve" allocation group, increasing the circulating supply by 0.7%
Covalent Query Token - $CQT Token Unlock
The Covalent Query Token ($CQT) powers the Covalent Network, which is a blockchain data analytics platform offering granular, comprehensive, and historical data through a single API. $CQT is used for governance, allowing token holders to vote on proposals, as well as for staking and securing the network, where validators earn fees for their services.
On Sep 01, 2024, Covalent Query Token is set for the following unlocks:
- 12,183,750 $CQT tokens valued at $56,292.92 will be released to the "Reserve" allocation group, increasing the circulating supply by 1.22%
- 4,255,400 $CQT tokens valued at $19,661.34 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 0.43%
- 2,992,452 $CQT tokens valued at $13,826.11 will be released to the "Team" allocation group, increasing the circulating supply by 0.3%
- 1,509,440 $CQT tokens valued at $6,974.11 will be released to the "Staking" allocation group, increasing the circulating supply by 0.15%
Honorable Mentions
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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