DYDX、BIT、APE Cliff Unlocks This Week
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 include SWEAT(Sweatcoin), CFG(Centrifuge), DYDX(dYdX), BIT(BitDAO), EUL(Euler), CONV(Convergence), GAL(Galxe), APE(ApeCoin) and STG(Stargate Finance).
Among them, 129,348,776 Sweatcoin tokens SWEAT (approximately $1.09 M) are to be unlocked at 08:00:00 on March 13, accounting for 0.579% of the total supply;
The Centrifuge tokens CFG are to be unlocked at 2.08% of the total supply at 08:00:00 on March 14th;
6,520,128 dYdX tokens DYDX (approximately $14.67M ) are to be unlocked at 23:00:00 on March 14th, accounting for 0.652% of the total supply;
187,500,000.92 BitDAO tokens BIT (approximately $95.45M ) are to be unlocked at 08:00:00 on March 15th, accounting for 1.951% of the total supply;
107,723 Euler tokens EUL (approximately $680K ) are to be unlocked at 08:53:56 on March 15th, accounting for 0.396% of the total supply;
161,666,666.68 Convergence tokens CONV (approximately $110K ) are to be unlocked at 20:00:00 on March 15th, accounting for 1.617% of the total supply;
192,307.7 Galxe tokens GAL (approximately $300K ) are to be unlocked at 20:00:00 on March 16th, accounting for 0.096% of the total supply;
40,601,326 ApeCoin tokens APE (approximately $187M ) are to be unlocked at 08:00:00 on March 17th, accounting for 4.06% of the total supply;
549,450.55 Stargate Finance tokens STG(approximately $400K) are to be linearly unlocked per day from 08:00:00 on March 17th to September 15th.
Besides, popular Linear Unlocks comprise OP、FIL、UNI、BLUR、CRV、LDO、GMT、ILV、IMX、ENS、AXL、MINA、MC、C98、MANA、COMP、SWISE、RPL、RBN、EUL、FXS、AAVE、LOOKS、GLMR、SWEAT、X2Y2、FORT、SUSHI、YFI、GEL, etc.
Among them, about 2,411,115 Optimism tokens OP (approximately $4.44M) are unlocked every day. 22% of “Ecosystem Fund” and “Retroactive Public Goods Funding” and 61% of user airdrops are yet to be unlocked;
About 454,795 Uniswap tokens UNI (approximately $240M) are unlocked every day. 48% of “Treasury Vester 3” and “team/investors/advisors” have been unlocked. In addition, there is a last round of “Treasury Vester 4” Linear Unlocks. A total of 83% of UNI have already been unlocked;
About 366,019 Filecoin tokens FIL (approximately $1.8M) are unlocked every day. 56% of “Simple Minting”, “Protocol Labs and Contributors”, “Filecoin Foundation” and “Protocol Labs” as well as 28% of the “Baseline Minting” have 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