Weekly Vesting: Top 5+ Token Unlocks Sep 24th to 30th | Seedify Major Unlocks, $CO, $ID and More
Join us as we uncover the biggest token vesting unlocks of the week Sep 24th to 30th. Among others, Seedify, Corite, and Space ID are expected to unlock millions worth of $USD.
🔒 Interesting Token Unlocks This Week:
- $SFUND - 7.00% of the total supply will enter circulation on Sep 24, 2024.
- $AIT - 2.96% of the total supply will enter circulation on Sep 24, 2024.
- $ID - 2.28% of the total supply will enter circulation on Sep 26, 2024.
- $CO - 5.73% of the total supply will enter circulation on Sep 28, 2024.
- $ZETA - 1.57% of the total supply will enter circulation on Sep 28, 2024.
Seedify Fund - $SFUND Token Unlock
Seedify Fund is a decentralized launchpad and incubator platform focused on the blockchain gaming industry. It aims to support and accelerate the development of innovative gaming projects by providing funding, mentorship, and a community-driven ecosystem. The platform's native token, $SFUND, plays a central role in its operations, being used for governance, staking, and participation in Initial Game Offerings (IGOs). Holders of $SFUND can gain early access to new game launches and NFT sales, as well as voting rights on platform decisions.
On Sep 24, 2024, is set for the following unlocks:
- 2,000,000 $SFUND tokens valued at $2,538,216 will be released to the "Vesting Group 7" allocation group, increasing the circulating supply by 2%
- 5,000,000 $SFUND tokens valued at $6,345,539 will be released to the "Vesting Group 8" allocation group, increasing the circulating supply by 5%
AiMalls - $AIT Token Unlock
AIMalls is a Web3 project that aims to innovate e-commerce by integrating artificial intelligence and blockchain technology. The platform allows users to create and manage AI-powered virtual shopping malls and stores in the metaverse. $AIT is the native token of the AIMalls ecosystem, used for governance, transactions within the virtual malls, and rewards for store owners and shoppers.
On Sep 24, 2024 AiMalls is set for the following unlocks:
- 17,708 $AIT tokens valued at $38,118.94 will be released to the "Staking" allocation group, increasing the circulating supply by 2.12%
- 3,542 $AIT tokens valued at $7,623.88 will be released to the "Foundation" allocation group, increasing the circulating supply by 0.42%
- 3,542 $AIT tokens valued at $7,623.88 will be released to the "Marketing" allocation group, increasing the circulating supply by 0.42%
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 Sep 26, 2024 SPACE ID is set for the following unlocks:
- 5,554,800 $ID tokens valued at $2,039,487 will be released to the "Ecosystem Fund" allocation group, increasing the circulating supply by 0.31%
- 5,416,580 $ID tokens valued at $1,988,738 will be released to the "Marketing" allocation group, increasing the circulating supply by 0.3%
- 4,999,920 $ID tokens valued at $1,835,758 will be released to the "Foundation" allocation group, increasing the circulating supply by 0.28%
- 13,333,280 $ID tokens valued at $4,895,414 will be released to the "Strategic Sale" allocation group, increasing the circulating supply by 0.74%
- 11,666,620 $ID tokens valued at $4,283,487 will be released to the "Advisors" allocation group, increasing the circulating supply by 0.65%
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 Sep 28, 2024, Corite is set for the following unlocks:
- 5,555,000 $CO tokens valued at $8,552.41 will be released to the "Seed Round" allocation group, increasing the circulating supply by 1.11%
- 7,755,540 $CO tokens valued at $11,973.59 will be released to the "Private Round" allocation group, increasing the circulating supply by 1.61%
- 3,525,570 $CO tokens valued at $5,435.84 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 0.72%
- 10,866,710 $CO tokens valued at $16,652.60 will be released to the "Team" allocation group, increasing the circulating supply by 2.15%
- 975,000 $CO tokens valued at $1,437.62 will be released to the "Artist Incentive" allocation group, increasing the circulating supply by 0.19%
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 Sep 28, 2024, Zeta is set for the following unlocks:
- 15,750,000 $ZETA tokens valued at $11,265,536 will be released to the "Core Contributors" allocation group, increasing the circulating supply by 0.75%
- 11,200,000 $ZETA tokens valued at $8,011,047 will be released to the "Purchasers and Advisors" allocation group, increasing the circulating supply by 0.53%
- 6,000,000 $ZETA tokens valued at $4,291,633 will be released to the "Ecosystem Growth Fund" allocation group, increasing the circulating supply by 0.29%
Honorable Mentions
- On Sep 24th Sable Finance ($SABLE) will be releasing 1.5% of its total supply to the “Treasury” and “Community Incentives” vesting groups.
- On Sep 25th Magpie ($MGP) will be releasing 0.5% of its total supply to the “Liquidity mining”, “Ecosystem” and “Community Treasury” vesting groups.
- On Sep 29th Biokript ($BKPT) will be releasing 6.5% of its total supply to the “Team Lock”, “Liquidity Lock” and other 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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