Preview of token unlocking next week: 7 projects will be unlocked intensively, with huge amounts of OP, YGG, etc. unlocked

Compilation | Odaily Planet Daily

Edit | Loopy

Next week, as many as 7 tokens will be unlocked. There will be more unlocked coins to watch next week than in previous weeks.

Although there are a lot of coins, several of them are unlocked for small amounts.

The unlocking of YGG is particularly worthy of attention, with the unlocking volume accounting for 6.7% of the circulating market. The OP will also usher in a large unlocking of more than 30 million US dollars.

The specific unlocking details are as follows:

Large amount unlock

Yield Guild Games

Project official website:

Official Twitter:

Number of unlocked coins this time: 12.42 million

Amount unlocked this time: (approximately) US$2.63 million

YGG is a game guild DAO project that has been very popular before. The guild buys the props in GameFi and rents them to players, and extracts the players' gold income.

YGG tokens are distributed as follows:

The unlocking information shows that about a quarter (3.11 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 68% 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. Currently, there are only 185 million YGG in circulation, and the number unlocked this time is approximately 9.1% of the circulation, accounting for 1.7% of the total supply.

Optimism

Project official website:

Official Twitter:

Number of unlocked coins this time: 24.16 million

Amount unlocked this time: (approximately) US$31.17 million

Optimism is one of the Ethereum Layer 2 solutions now online, and it is also the first L2 of the Optimistic Rollup route that is compatible with EVM. Optimism runs parallel to Ethereum and is able to process transactions at scale while inheriting the security of Ethereum.

Of the more than 24 million tokens released this time, more than 12.75 million belong to core contributors. The remaining 11.4 million coins belong to investors.

This also means that all the tokens unlocked this time have flowed to “project parties” with potential sell-off risks.

Judging from the number of unlocks, this unlock accounts for 3.03% of the circulation. Although its number is already considerable, compared with the previous large-amount unlocks, its number is still far behind.

Galician

Project official website:

Official Twitter:

Quantity unlocked this time: 586,000

Amount unlocked this time: (approximately) US$768,000

Galxe is a platform that helps Web3 projects build communities. Galxe can help project parties acquire users through reward programs, and users can obtain rewards from project parties by completing designated tasks. In addition, Galxe also provides digital voucher functions for users and project parties. The project aims to build an open and collaborative credential data network to help Web3 developers leverage credential data to build better products and more engaging 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.

Token distribution: According to GAL token economics, the tokens unlocked this time come from the team share.

Currently, 52% of the total GAL supply remains locked.

The unlocking curve of GAL is ladder-shaped, and this unlocking is only a small unlocking of about hundreds of thousands of coins. But judging from the unlocking history, this unlocking is no different from previous unlocks. Unlocks of the same scale as this unlock occur once a month. Investors have ample historical data for reference.

Small amount unlocking

In addition, other tokens are unlocked in small amounts that are less than 1% of the circulating supply. Such as the old DeFi projects ACA and EUL, the old exchange 1INCH, the AI track token AGIX, etc.