One-week token unlocking: MEME unlocked 5.6 billion tokens, accounting for more than 33% of the circulation

Next week, 16 projects will have token unlocking events. Among them, MEME will have a huge amount of unlocking, accounting for 33.6% of the total. Other important unlocking events include DYDX and NYM.

The specific unlocking details are as follows:

Memeland

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

Project website: https://www.memecoin.org/

Number of tokens unlocked this time: 5.6 billion

Amount unlocked this time: Approximately US$156 million

Memecoin (MEME) is the native token that powers the Memeland NFT ecosystem. Memeland is 9 GAG’s independent Web3 venture studio dedicated to developing and investing in SocialFi and the creator economy, with the goal of connecting creators and communities through its MEME token and other NFTs.

This is the first Cliff unlocking since MEME went online, of which the largest proportion is the airdrop part, totaling 3.45 billion, worth nearly $100 million. The rest are 1.04 billion for consultants and 828 million for investors, worth $30 million and $23.5 million respectively.

The specific release curve is as follows:

DX

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

Project official website: https://dydx.trade/

Number of unlocked tokens this time: 33.34 million

Amount unlocked this time: Approximately US$73 million

dYdX is a decentralized derivatives exchange for perpetual contracts and margin trading. It provides order book-style blockchain digital asset trading services and leverage and contract trading functions. dYdX adopts an off-chain matching + on-chain settlement order model. The operating experience is closer to traditional CEX, and can implement limit trading, stop loss and other operations.

This unlocking is a regular unlocking for investors and project parties. Investors have a total of 18.49 million tokens, worth $39.3 million, and founders, employees, and consultants have a total of 14.85 million tokens, worth $31.6 million.

The specific release curve is as follows:

Nym

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

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

Number of unlocked tokens this time: 45.63 million

Amount unlocked this time: Approximately 8.06 million US dollars

Nym is a privacy platform that provides strong network-level privacy against sophisticated end-to-end attackers and anonymous access control using blinded, re-randomizable, decentralized credentials. Nym protects privacy at the network layer by encrypting and relaying users' internet traffic through a multi-layered network called a mixnet.

NYM has been basically unlocked, accounting for 78% of the total. This round is the penultimate round of large-scale unlocking, and the full amount of this round of unlocking is released to backers.

The specific release curve is as follows: