One-week token unlocking notice: 4 projects will be unlocked, ID will be unlocked in large amounts

Organize - Odaily

Editor - Loopy Lu

This is different from the past where a large number of items were unlocked every week. There are only 4 projects worth watching for token unlocks next week.

Among the 4 tokens to be unlocked next week, ID will be the largest in scale. ID tokens worth over $5 million account for over 4% of the current ID circulation.

The specific unlocking details are as follows:

SPACE  ID

Project official website:https://space.id/

Project Twitter:https://twitter.com/SpaceIDProtocol

Number of unlocked coins this time: 18.49 million

Amount unlocked this time: (approximately) US$5.17 million

Space ID is a decentralized domain name project that provides users with .bnb, .eth, and .arb domain name services. The intention is to build this project into a decentralized multi-chain identity for users. In addition, the project party also provides users with a domain name trading market. The governance token whose ID is SPACE ID has a total supply of 2 billion. ID has three main functions. Currently, a whopping 78% of ID tokens are still locked.

There are over 18 million ID tokens unlocked this time, which is only 0.8% of the total supply. However, given that the vast majority of this token is not in circulation, its unlocked volume is still considerable. Calculated based on the current circulation, it accounts for approximately 4.29% of the circulation. The market value of the unlocked token is approximately $5.17 million.

From the perspective of circulation, this unlocking scale may have a certain impact on ID token transactions. However, this type of unlocking scale has occurred many times before. Since the issuance of the token, there has been an unlocking of similar scale once every month.

Euler

Project official website:https://www.euler.finance/

Official Twitter:https://twitter.com/eulerfinance

Quantity unlocked this time: 123,000

Amount unlocked this time: (approximately) US$418,000

Euler is a custom permissionless lending protocol that helps users lend and borrow more Ethereum-based tokens than ever before. As a custom permissionless lending protocol, the protocol comes with a range of new features to help users lend and borrow more types of tokens than ever before. When it comes to lending, there is still a lot of unmet demand for lending to the long tail of crypto assets.

The scale of this unlocking only accounts for 1% of the insufficient circulation. From the perspective of unlocking history and transaction scale, this unlocking can be called a small amount unlocking.

NYM

Project official website:https://nymtech.net/

Official Twitter:https://twitter.com/nymproject

Quantity unlocked this time: 12.5 million

Amount unlocked this time: (approximately) US$2.55 million

NYM is a privacy infrastructure project. Nym focuses on privacy protection at the lower network transmission level. The protocol is designed to prevent this kind of data leakage by protecting the metadata of each packet at the network and application layers.

NYM tokens are used in its hybrid network privacy system. Only those who hold NYM to access the hybrid network can run hybrid nodes, ensuring the high quality of operators. Hybrid node operators are rewarded with NYM tokens. Token economics shows that the total supply of NYM is 1 billion. The token distribution begins on April 14, 2022.

Judging from the unlocking history, the scale of this unlocking is less than 1% of the circulating supply, which is not huge. There have been many situations before that were much higher than this unlock.