Detailed explanation of unlocked tokens this week: 7 projects including BLUR, BIT, APE usher in unlocking
Project official website:
Blur
Project Twitter:https://twitter.com/blur_io
Project official website:https://blur.io/
Number of unlocks this time: 195, 999, 999
Amount unlocked this time: (approximately) 62.33 million US dollars
After Blur was born, with its unique points and airdrop mechanism, it has always occupied an important position in the NFT market, and its trading volume has long been higher than that of OpenSea.
Unlock overview:
Unlock overview:
This unlock core contributors received about 115 million tokens, investors received about 75 million tokens, and advisors received about 4.9 million tokens.
From the perspective of token flow, this unlocking is also the first release of contributors, investors, and consultants.
This unlocking is the largest unlocking since Blur was issued, which can be clearly seen from the token release curve.
From the perspective of circulation, the current market value in circulation is only 157 million US dollars, and the unlocked amount this time is as high as about 62 million US dollars, accounting for as much as 40% of the market value in circulation.
However, judging from the total supply, the number of tokens unlocked this time only accounts for 6.5% of the total, which does not seem to be a huge amount. This is because about 83% of BLUR is still locked up until 2027.
For more details about this unlock, please refer to"A huge amount of unlocking is coming soon, exploring the truth behind the data of BLUR"Project official website:
BIT
Project Twitter:https://twitter.com/BitDAO_Official
Project official website:https://www.bitdao.io/zh
Number of unlocks this time: 187, 500, 000
Amount unlocked this time: (approximately) 79.66 million US dollars
On the official website, BitDAO positions itself as one of the largest DAOs in the world, with a vision of open finance and a decentralized tokenized economy. According to BitDAO itself, the organization is not a company and has no management team or employees. Any individual, development team, or R&D lab can propose upgrades, token transactions, and partnerships for BitDAO.
But generally speaking, investors tend to regard BitDAO’s governance token BIT as ByBit’s platform currency.
Since its release in 2021, BIT tokens have gone through a lengthy unlocking process, and currently only 25% of the total tokens are still locked.
Project Twitter:
However, judging from the unlocking history, this unlocking is no different from previous unlockings. Unlocks of the same scale as this one will be unlocked once a month. Investors have ample historical data to refer to.
LOOKS
Project official website:https://looksrare.org/
Project Twitter:https://twitter.com/LooksRare
Number of unlocks this time: 37, 500, 000
Amount unlocked this time: (approximately) 2.04 million US dollars
One quarter after the last large-amount unlock, LOOKS ushered in a large-amount unlock again. This unlocking accounted for 6.9% of the circulating market value.
At present, the LOOKS unlocking is coming to an end. At the end of this year, all LOOKS tokens will be released.
Project Twitter:
APE
Project official website:https://apecoin.com/
Project Twitter:https://twitter.com/apecoin
Number of unlocks this time: 15 , 601, 326
Unlock overview:
ApeCoin (APE) is the governance and utility token of the APE ecosystem with a total supply of 1 billion. The project is controlled and established by the community, and ApeCoin DAO is its governance organization, allowing all APE holders to vote on governance decisions. In addition to DAO, Yuga also established the APE Foundation as the legal supervisor of DAO. The Foundation Board of Directors consists of 5 members.
When the token was initially issued, BAYC holders were airdropped a large number of APE tokens.
APE is famous for its publisher, Yuga Labs. As the parent company of BAYC, Yuga Labs has gained fame in the NFT ecosystem. Yuga has stated that it will actively apply APE as the main token for all new products and services. In addition to BAYC, Yuga also owns two major IPs, CryptoPunks and Meebits.
Unlock overview:
As early as its release, APE received a lot of attention due to its high topicality. And its large number of positions and reserved tokens also caused it to be criticized for a while. APE Token Economics shows that 47% of its tokens are held in vaults. Even today, roughly two years after the token launch, 54% of APE tokens are still locked.
The unlocked amount this time accounts for 4.2% of the circulating supply and 1.56% of the total supply.
From the point of view of the release model, this unlock is not larger than the previous unlocks, and such unlocks will happen once a month.
From the point of view of the release model, this unlock is not larger than the previous unlocks, and such unlocks will happen once a month.
In addition to unlocking, its APE pledge situation may be more noteworthy.
After this unlock, the number of APE pledged allocations will be reduced from 30 million to 20 million.The number of tokens for APE staking rewards is reduced,This will reduce the staking income of the APE standard.
