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One-week token unlocking notice: YGG, CTSI will be unlocked in large amounts, and 6 projects will be unlocked
Loopy Lu
读者
2023-10-22 08:50
This article is about 1699 words, reading the full article takes about 3 minutes
Does unlocking tokens involve your holdings?

Organize - Odaily

Editor - Loopy Lu

Cartesi

Project official website:https://cartesi.io/

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

Number of unlocked coins this time: 21.43 million

Amount unlocked this time: (approximately) US$2.82 million

Cartesi provides developers with Layer 2 solutions that enable developers to build scalable decentralized applications (DApps) using mainstream software stacks such as Python, NumPy, and Rust. Cartesi Rollups addresses the computational limitations of blockchain and the lack of mature software stacks for decentralized applications by providing modular, application-specific optimistic rollups and interactive dispute resolution.

The product’s official introduction states that the product provides the first “blockchain operating system.” This product allows developers to build scalable and more powerful decentralized applications using Linux and mainstream software stacks.

Judging from the unlocking scale, the scale of the unlocked tokens this time is relatively large, close to 3% of the circulating market value, which deserves the attention of investors. The last unlocking of a similar scale occurred half a year ago.

In addition, the token machine economics show that all tokens unlocked this time are reserved for the team.

Acala

Project official website:https://acala.network/

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

Number of unlocked coins this time: 4.66 million

Amount unlocked this time: (approximately) US$220,000

Acala is a veteran project in the Polkadot ecosystem, aiming to build Polkadot’s decentralized financial network and liquidity center. The project is a scalable, Ethereum-compatible smart contract platform optimized for DeFi, with built-in liquidity and ready-made financial applications. With its trustless exchange, decentralized stablecoin (aUSD), DOT Liquid Staking (LDOT) and EVM+, Acala gives developers access to the core functionality of Ethereum and the full power of Substrate.

ACA has the smallest unlocked share among the token unlocking projects next week, with the unlocked amount accounting for only 0.56% of the circulating market value. And the scale of this unlock is much smaller than the previous regular unlocks.

However, it is worth noting that the scale of the next unlock is much larger than this unlock and closer to the previous unlock scale.

Euler

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

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

Quantity unlocked this time: 145,000

Amount unlocked this time: (approximately) US$390,000

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 only slightly higher than that of ACA, about 0.78% of the circulating supply, which is still less than 1%.

The current EUL circulation is approximately US$50 million, and this unlock is only US$390,000, so there is no need to worry too much.

Galxe

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

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

Quantity unlocked this time: 580,000

Amount unlocked this time: (approximately) US$680,000

Galxe is a platform that helps Web3 projects build communities. Galxe also has solutions, multi-chain identity Galxe ID and other products. The GAL token is the payment and governance token of the Galxe ecosystem. Developers use GAL to pay platform fees, such as query fees for Galxe Oracle Engine and Galxe Credential API.

GAL unlocks the curve into a stepped shape. Less than 600,000 coins were unlocked this time, accounting for approximately 1.26% of the circulating market value.

Yield Guild Games

Project official website:https://yieldguild.io/

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

Number of unlocked coins this time: 12.58 million

Amount unlocked this time: (approximately) US$2.94 million

YGG is a game guild DAO project that was once popular. The guild buys props in GameFi and rents them to players, and extracts the players gold income.

The unlocking information shows that about a quarter (3.27 million) of the unlocked tokens this time belong to the community, and the other quarter (3.2 million) belong to investors.

In recent times, YGG has been unlocking frequently. YGG also has a large number of tokens that have not flowed to the market, and 67% of the tokens are still locked. From the perspective of the release model, this unlock is not special. Unlocks of similar size or magnitude are happening every month. And there will be no larger-scale unlocks in the future that are different in magnitude from such regular unlocks. Investors have ample historical data for reference.

This week, approximately 12.42 million YGG tokens will be unlocked, equivalent to approximately $2.63 million. There are currently about 185 million YGG in circulation, and the number unlocked this time is about 6.8% of the circulation.

SingularityNET

Project official website:https://singularitynet.io/

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

Number of unlocked coins this time: 9.53 million

Amount unlocked this time: (approximately) US$1.72 million

SingularityNET is a decentralized AI platform and marketplace that aims to build a"A protocol for connecting artificial intelligence and machine learning tools to create effective applications". The project consists of the following main parts, working together:

AI Market: Users can purchase AI-powered services on the AI ​​Market.

AI Publisher: A portal that allows AI developers to publish their products on the platform and monetize them.

Developer Portal: A collection of developer tools and SDKs to help developers build products in the SingularityNet ecosystem.

In May 2021, SingularityNET began its second phase. The AGI token was replaced by AGIX, the project was launched on Cardano, and measures such as establishing a second-layer network were also taken to encourage users to use it on a large scale.

Full unlocking of the token will take approximately 100 years. The unlocking speed is also the fastest in the first few years after the token is released.

Currently, the token is unlocked monthly, with monthly unlocks being of similar size.

(Recently unlocked icon)

The scale of this unlocking is less than 1% of the circulating market value and is similar to the previous unlocking scale.

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