Weekly Vesting: Top 5+ Token Unlocks Sep 17th to 23rd | $OFN Tokens Flooding the Market
From September 17th to 23rd $APE, $BREED, $OFN, $PPT, and $DYDX will be releasing tokens. Will this shake up the market? Explore our breakdown of percentages and vesting groups.
🔒 Interesting Token Unlocks This Week:
- $APE - 1.48% of the total supply will enter circulation on Sep 17, 2024.
- $BREED - 0.92% of the total supply will enter circulation on Sep 18, 2024.
- $OFN - 3.42% of the total supply will enter circulation from Sep 19 to Sep 22, 2024.
- $PPT - 2.16% of the total supply will enter circulation on Sep 19, 2024.
- $DYDX - 1.77% of the total supply will enter circulation on Sep 21, 2024.
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 Sep 17, 2024, ApeCoin is set for the following unlocks:
- 757,575 $APE tokens valued at $536,122.94 will be released to the "Launch Contributor 2" allocation group, increasing the circulating supply by 0.08%
- 4,166,700 $APE tokens valued at $2,948,703 will be released to the "Yuga Labs" allocation group, increasing the circulating supply by 0.42%
- 277,780 $APE tokens valued at $196,580.18 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 $1,572,629 will be released to the "BAYC Founders" allocation group, increasing the circulating supply by 0.22%
- 7,343,750 $APE tokens valued at $5,197,047 will be released to the "DAO Treasury and Resources" allocation group, increasing the circulating supply by 0.73%
BreederDAO - $BREED Token Unlock
BreederDAO operates as an asset production factory for gaming assets in the Metaverse. The project focuses on generating high-quality, curated assets at scale for major guilds in the Metaverse, thus enhancing their play-to-earn economies. Breed DAO develops all its asset generation tools in-house, using a combination of game mastery, data-driven analytics, and modeling.
On Sep 18, 2024, BreederDAO is set for the following unlocks:
- 4,166,667 $BREED tokens valued at $66,349.63 will be released to the "Private" allocation group, increasing the circulating supply by 0.46%
- 4,166,667 $BREED tokens valued at $66,349.63 will be released to the "Seed" allocation group, increasing the circulating supply by 0.46%
Openfabric - $OFN Token Unlock
Openfabric is an AI-focused blockchain project that aims to create a decentralized ecosystem for AI development and deployment. The platform is designed to connect AI developers, businesses, and users, allowing for the creation, sharing, and monetization of AI models and services. OpenFabric utilizes its native token, $OFN, which serves multiple purposes within the ecosystem. These include facilitating transactions, incentivizing network participants, and governance of the platform.
On Sep 19, 2024, Openfabric is set for the following unlock:
- 2,500,000 $OFN tokens valued at $228,913.41 will be released to the "Team and Advisors" allocation group, increasing the circulating supply by 0.5%
On Sep 21, 2024, Openfabric is set for the following unlocks:
- 4,625,000 $OFN tokens valued at $423,489.81
will be released to the "Private" allocation group, increasing the circulating supply by 0.92% - 1,388,889 $OFN tokens valued at $127,174.12 will be released to the "Seed" allocation group, increasing the circulating supply by 0.28%
- 600,000 $OFN tokens valued at $54,939.22 will be released to the "Public" allocation group, increasing the circulating supply by 0.12%
- 300,000 $OFN tokens valued at $27,469.61 will be released to the "Kols" allocation group, increasing the circulating supply by 0.06%
- 1,000,000 $OFN tokens valued at $91,565.37 will be released to the "Marketing" allocation group, increasing the circulating supply by 0.2%
On Sep 22, 2024, Openfabric is set for the following unlocks:
- 4,583,333 $OFN tokens valued at $419,674.59 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 0.92%
- 694,444 $OFN tokens valued at $63,587.06 will be released to the "Partners" allocation group, increasing the circulating supply by 0.14%
- 1,388,889 $OFN tokens valued at $127,174.12
will be released to the "Innovation Fund" allocation group, increasing the circulating supply by 0.28%
Pop Social - $PPT Token Unlock
Pop Social Token ($PPT) is the native cryptocurrency of the Pop Social platform, a blockchain-based social media ecosystem that integrates Web3 technology. Designed to reward user engagement and content creation, $PPT functions as both a utility and governance token within the platform. Users and creators on Pop Social can earn $PPT through various activities such as posting, sharing, and interacting with content. The token can be used for accessing premium features, tipping creators, and purchasing NFTs within the ecosystem.
On Sep 19, 2024, Pop Token is set for the following unlocks:
- 2,500,000 $PPT tokens valued at $157,437.81 will be released to the "Foundation Reserve" allocation group, increasing the circulating supply by 1.25%
- 416,667 $PPT tokens valued at $26,239.63 will be released to the "Strategic Round" allocation group, increasing the circulating supply by 0.21%
- 166,667 $PPT tokens valued at $10,495.85 will be released to the "Advisors" allocation group, increasing the circulating supply by 0.08%
- 230,833 $PPT tokens valued at $14,536.76 will be released to the "Treasury" allocation group, increasing the circulating supply by 0.12%
- 1,000,000 $PPT tokens valued at $62,975.12 will be released to the "Developer Team" allocation group, increasing the circulating supply by 0.5%
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 Sep 21, 2024 dYdX is set for the following unlocks:
- 9,233,333 $DYDX tokens valued at $8,135,573 will be released to the "Investors" allocation group, increasing the circulating supply by 0.98%
- 5,100,000 $DYDX tokens valued at $4,493,656 will be released to the "Employees and Consultants" allocation group, increasing the circulating supply by 0.54%
- 2,333,333 $DYDX tokens valued at $2,055,921 will be released to the "Future Employees and Consultants" allocation group, increasing the circulating supply by 0.25%
Honorable Mentions
- Super Rare ($RARE) will be releasing 0.6% of its total supply to the “Community Treasury” vesting group on Sep 17th.
- Braintrust ($BTRST) will be releasing 0.5% of its total supply to the “Early Contributors” vesting group on Sep 20th.
- Sakai Vault ($SAKAI) will be increasing its circulating supply by 0.8% on Sep 21st and by another 0.8% on Sep 22nd, releasing to 4 different 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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