Tokens on the point of Cliff Unlocks this week(4.3-4.9) include NYM、1INCH、GAL、VEGA、TORN、GPT and CERE
As an integral part of Tokenomics, Token Unlocks refers to the release of locked tokens to the market within a prescribed period of time, the purpose of which is to ensure alignment of incentives among the project team, investors and community users. Token Unlocks (especially Cliff Unlocks) may generate selling pressure in the market, thus bringing about significant fluctuations in token prices. In view of this, investors should take notice of risks around token unlocks periods.
Token Unlocks generally fall into 2 categories: Linear Unlocks and Cliff Unlocks. Cliff Unlocks means that tokens are locked until a specific event or date when all locked tokens will be released at once. Tokens airdropped by projects commonly take up part of Cliff Unlocks. In terms of Linear Unlocks, tokens are to be released daily at a stable and fixed rate over a period of time. Liquidity incentives are usually incorporated in Linear Unlocks.
According to statistics by Token Unlocks and VestLab, tokens on the point of Cliff Unlocks this week(4.3-4.9) include NYM（Nym）、1INCH（1inch）、GAL（Galxe）、VEGA（Vega Protocol）、TORN（Tornado Cash）、GPT（CryptoGPT）and CERE（Cere Network）.
Among them, 5,000,000 Nym Network tokens NYM (approximately $1.13M) are to be unlocked at 08:00:00 on April 3rd, accounting for 0.5% of the total supply;
287,142.8 1inch tokens 1INCH (approximately $150K ) are to be unlocked at 20:00:00 on April 5th, accounting for 0.019% of the total supply;
416,666.67 Galxe tokens GAL (approximately $730K ) are to be unlocked at 20:00:00 on April 5th, accounting for 0.208% of the total supply;
2.78% Vega Protocol tokens VEGA are to be unlocked on April 5th;
175,000.01 Tornado Cash tokens TORN (approximately $1.2M) are to be unlocked at 11:29:50 on April 7th, accounting for 1,75% of the total supply;
15,000,000 CryptoGPT tokens GPT (approximately $1.2M ) are to be unlocked at 20:00:00 on April 7th, accounting for 0.5% of the total supply;
247,132,500 Cere Network tokens CERE (approximately $1.38M ) are to be unlocked at 20:00:00 on April 8th, accounting for 2.471% of the total supply;
Besides, popular Linear Unlocks comprise OP、ATOM、FIL、UNI、BLUR、CRV、LDO、GMT、ILV、IMX、ENS、AXL、MINA、STG、MC、C98、MANA、COMP、SWISE、RPL、RBN、EUL、FXS、AAVE、LOOKS、GLMR、SWEAT、X2Y2、FORT、SUSHI、YFI、GEL , etc.
About 2,411,115 Optimism tokens OP (approximately $5.35M) are unlocked every day. 16% of “Ecosystem Fund” and “Retroactive Public Goods Funding” and 58% of user airdrops are yet to be unlocked;
About 454,795 Uniswap tokens UNI (approximately $2.72M) are unlocked every day. 54% of “Treasury Vester 3” and “team/investors/advisors” have been unlocked;
About 1,282,192 Blur tokens BLUR (about $750K) are unlocked every day, and 13% of the “Community Year 1” part of the “Community Treasury” has been unlocked.
[Disclaimer] This article does not constitute any investment advice, always do your own research.
Writer: Peng SUN，Foresight News
Translator&Editor: Poerain, Foresight News
Data&Image Source：Token Unlocks、VestLab