Weekly Vesting: Top 5+ Token Unlocks Sep 3rd to 9th | $INSR, $HFT, $GAL and More
Find out which tokens are unlocking in the week of Sep 3rd to 9th! Discover the top 5, including Hashflow, Insurabler, and Arbitrum, and other major tokens.
🔒 Interesting Token Unlocks This Week:
- $GAL - 1.15% of the total supply will enter circulation on Sep 05, 2024.
- $INSR - 2.08% of the total supply will enter circulation on Sep 07, 2024.
- $HFT - 1.63% of the total supply will enter circulation on Sep 07, 2024.
- $ATA - 1.47% of the total supply will enter circulation on Sep 07, 2024.
- $HyPC - 1.87% of the total supply will enter circulation on Sep 08, 2024.
Project Galxe - $GAL Token Unlock
Galxe ($GAL) is a cryptocurrency token associated with the Galxe platform, a Web3 credential data network. The platform allows users to build, manage, and leverage digital credentials across various blockchain ecosystems. GAL tokens are used for governance, staking, and accessing certain features within the Galxe ecosystem. The project aims to facilitate the creation and verification of on-chain and off-chain credentials for decentralized applications and services.
On Sep 05, 2024, Project Galaxy is set for the following unlocks:
- 586,667 $GAL tokens valued at $1,311,723 will be released to the "Community Treasury" allocation group, increasing the circulating supply by 0.67%
- 416,667 $GAL tokens valued at $931,621.33 will be released to the "Team" allocation group, increasing the circulating supply by 0.48%
Insurabler - $INSR Token Unlock
Insurabler ($INSR) aims to enhance security for cryptocurrency projects during their pre-sale phase by providing a unique insurance model. Project owners can establish their own insurance pools on the Insurabler platform, allowing them to offer a safeguard for their project's backers. Users who participate by holding INSR tokens are granted a layer of protection against the inherent risks associated with new crypto projects, such as project failure or fraud.
On Sep 07, 2024, Insurabler is set for the following unlocks:
- 250,000 $INSR tokens valued at $74.20 will be released to the "Rewards" allocation group, increasing the circulating supply by 2.08%
Hashflow - $HFT Token Unlock
Hashflow ($HFT) is a decentralized exchange (DEX) that facilitates trading across multiple blockchains like Ethereum, BNB Chain, and others without the need for bridges. It uses a request-for-quote model to ensure traders get guaranteed price quotes from market makers. Hashflow offers revenue sharing to HFT stakers, gamified DAO experiences through Hashverse, and employs a vote-escrow model for governance.
On Sep 07, 2024, Hashflow is set for the following unlocks:
- 7,027,834 $HFT tokens valued at $957,876.72 will be released to the "Investors" allocation group, increasing the circulating supply by 0.7%
- 5,992,600 $HFT tokens valued at $816,776.84 will be released to the "Ecosystem Development" allocation group, increasing the circulating supply by 0.6%
- 3,250,065 $HFT tokens valued at $442,975.97 will be released to the "Team" allocation group, increasing the circulating supply by 0.33%
Automata - $ATA Token Unlock
Automata ($ATA), now Automata 2.0 is essentially a trust-enhancing tool for Ethereum, a type of technology used for a wide variety of internet applications, especially those involving transactions. It's like a security layer that checks and confirms activities that aren't directly recorded on Ethereum's main ledger, ensuring that everything is accurate and trustworthy. It's designed to fit in with Ethereum's existing security measures and can be customized for different needs, helping to keep online transactions private and fair.
On Sep 07, 2024, Automata is set for the following unlocks:
- 14,700,000 $ATA tokens valued at $1,223,569 will be released to the "Protocol Reserve" allocation group, increasing the circulating supply by 1.47%
HyperCycle - $HyPC Token Unlock
HyperCycle ($HyPC) is a cryptocurrency that serves as a utility token within the HyperCycle network, a Layer 0++ blockchain architecture designed to facilitate high-speed and cost-effective on-chain execution of microservices. The network is particularly optimized for AI-related applications, providing a platform for decentralized AI and computation for various use cases.
On Sep 08, 2024, HyperCycle Token is set for the following unlocks:
- 4,115,969 $HyPC tokens valued at $1,116,402 will be released to the "Strategic Partners" allocation group, increasing the circulating supply by 0.19%
- 10,737,311 $HyPC tokens valued at $2,912,353 will be released to the "Team and Advisors" allocation group, increasing the circulating supply by 0.5%
- 7,158,422 $HyPC tokens valued at $1,941,627 will be released to the "Liquidity Rewards Pool" allocation group, increasing the circulating supply by 0.33%
- 10,232,964 $HyPC tokens valued at $2,775,555 will be released to the "Ecosystem and Network Adoption Fund" allocation group, increasing the circulating supply by 0.48%
- 7,874,264 $HyPC tokens valued at $2,135,789 will be released to the "Network Incentive Pool" allocation group, increasing the circulating supply by 0.37%
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."
Learn how to use token unlocks in trading and investing here: Track Token Unlocks & Vesting Schedule of 200+ Cryptocurrencies with CoinBrain!
