Next week's token unlock announcement: SAND unlocks over $100 million, APE, ROSE, and 5 other projects worth paying attention to.

Loopy Lu

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2023-08-13 20:07 (UTC+8)

This article is about 1808 words, reading the full article takes about 3 minutes

SAND Large Unlock, 16% of Super Circulating Supply.

AI Summary

SAND Large Unlock, 16% of Super Circulating Supply.

Next week, 5 projects’ token unlocks deserve investors’ attention. They are SAND, FLOW, EUL, APE, ROSE respectively.

Among them, SAND will usher in a huge amount of unlocking. In addition, the unlocking scale of APE and ROSE is also quite impressive.

The Sandbox

Project official website:https://www.sandbox.game/en/

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

The number of unlocked this time: 332 million pieces

Amount unlocked this time: (approximately) 130 million US dollars

The Sandbox is a metaverse game product. This product uses SAND, a functional token based on Ethereum, to allow players to create and own different gaming experiences and earn benefits from them. For creators, digital assets (NFTs) can also be created through The Sandbox Game Maker and uploaded to the store.

As the leading project on the Metaverse circuit, SAND’s token unlocking deserves the attention of investors.

Currently, the circulating market value of SAND tokens is approximately US$820 million, making it the project with the largest market value among the projects unlocked next week.

In this unlock, the number unlocked exceeded 300 million SAND, which is a very considerable amount of unlock. Its token economics show that the maximum supply of SAND is 3 billion, and currently 32% of the tokens are still locked, and the current number of SAND in circulation is only about 2 billion.

In this unlocking next week, the amount of one unlocking exceeds 130 million US dollars, and its unlocking amount (unlocked quantity) is approximately 16.16% of the circulating market value (or circulating quantity).

Additionally, the token unlock curve is displayed. SAND will not be unlocked again for a long time, and its unlocking frequency is only twice a year. Unlocking occurs every six months (February and August each year).

This large-scale unlocking of $100 million in SAND tokens deserves the attention of investors. It is recommended to pay attention to market fluctuations in advance and capture market opportunities.

Flow

Project official website:https://flow.com/

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

The number of unlocked this time: 7.29 million pieces

Amount unlocked this time: (approximately) 4.09 million US dollars

Flow is a high-performance chain built for games and NFTs. The product is designed to empower a new generation of games, applications and digital assets. Flow was born to a certain extent to solve the problem of NFT circulation on the ETH chain. It can be massively expanded without using sharding to keep transactions fast and low-cost.

Flows release model shows that FLOW is unlocked linearly, and normalization maintains small but high-frequency unlocking of FLOW tokens.

Flow only unlocked about 4 million US dollars this time. For FLOW, which has a circulating market value of hundreds of millions, such a large-scale unlocking is not enough to have an impact on its huge circulation.

Euler

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

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

The number of unlocks this time: 157,000 pieces

Amount unlocked this time: (approximately) $400,000

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 unlocking scale of EUL is similar to that of FLOW, both of which are less than 1% of the circulation. Like FLOW, EUL tokens are also normalized to maintain small, but high-frequency token unlocking.

At present, the EUL circulation is close to 50 million US dollars, and this unlocking is only 400,000 US dollars, so there is no need to worry too much.

ApeCoin

Project official website:https://apecoin.com/

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

The number of unlocked this time: 15.6 million pieces

Amount unlocked this time: (approximately) 31.05 million US dollars

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.

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.

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 Tokenomics shows that 47% of its tokens are held in vaults.

Even today, roughly two years after the token launch, 51% of APE tokens are still locked.

The unlocked amount this time accounts for 4.23% of the circulating supply, which is a considerable amount. However, unlocking of similar scale has happened many times before, and there are enough historical data for reference.

Oasis Network

Project official website:https://oasisprotocol.org/

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

The number of unlocked this time: 171 million pieces

Amount unlocked this time: (approximately) 8.14 million US dollars

The Oasis network is a Layer 1 network that provides users with private computing and is compatible with EVM. Users have the right to decide the use of their private data, and can obtain benefits through data. The Oasis Network separates consensus and calculation into a consensus layer and a computing layer, allowing the Oasis Network to support computationally intensive use cases, such as machine learning and deep learning, while ensuring the scalability and privacy of the main chain. It has broad application prospects in the future.

As a testament to the underlying Layer 1 protocol, multiple parallel execution environments (ParaTimes) are allowed to submit transactions to the network simultaneously, which improves the scalability of the network and the adaptability of the network to meet a wide range of needs.

From the perspective of unlocking frequency, token unlocking of similar magnitude occurs once a quarter.

ROSE token economics shows that the tokens unlocked this time come from core contributors, communities, partners reserves.

Among them, of the 171 million unlocked by ROSE this time, 140 million (approximately US$6.67 million) will belong to core contributors.

The maximum supply limit of ROSE is 10 billion, and there are still about 24% of the tokens waiting to be unlocked and not yet in circulation.

According to Coingecko data, the 24-hour trading volume of ROSE is only 5.02 million US dollars. The amount of tokens unlocked this time is as high as 8.14 million US dollars, accounting for 1.7% of the total supply, accounting for about 3.4% of the circulation, which is quite impressive. If they are all sold, it may bring greater selling pressure.