One-week token unlock trailer: YGG, CTSI large unlock, 6 projects ushered in unlocking

Finishing | Odaily Planet Daily

Edit | Loopy Lu

! [One-week token unlock trailer: YGG, CTSI large unlock, 6 projects ushered in unlocking] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-8ef0273ca2-dd1a6f-69ad2a.webp)

This week, 6 projects will welcome token unlocking. Among them, CTSI and YGG are particularly noteworthy. The number of unlocks is a few percent of the circulating amount, which has a certain scale and has a potential impact on the market. Other items are mostly more conventional unlocks, and past data is worth referring to.

The specific unlock details are as follows:

! [One-week token unlock trailer: YGG, CTSI large unlock, 6 projects ushered in unlocking] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-d2197c2777-dd1a6f-69ad2a.webp)

Cartesi

Project Official Website:

Project Twitter:

Number of unlocks: 21.43 million

The amount of this unlock: (approximately) $2.82 million

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

The official introduction of the product 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.

! [One-week token unlock trailer: YGG, CTSI large unlock, 6 projects ushered in unlocking] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-85ada0d1c3-dd1a6f-69ad2a.webp)

From the perspective of unlocking scale, the scale of this unlocked token is large, close to 3% of the circulating market capitalization, which is worth attracting the attention of investors. The last time a similar scale was unlocked was half a year ago.

In addition, tokenomics shows that all tokens unlocked this time are reserved for the team.

Acala

Project Official Website:

Official Twitter:

Number of unlocked: 4.66 million

Amount of this unlock: (approximately) $220,000

Acala is a long-established project of Polkadot Ecology, which aims 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 Ethereum's core functionality and the full functionality of Substrate.

! [One-week token unlock trailer: YGG, CTSI large unlock, 6 projects ushered in unlocking] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-79413d58eb-dd1a6f-69ad2a.webp)

The ACA has the fewest share of unlocks among token unlocks next week, with only 0.56% of the circulating market capitalization. And the scale of this unlocking is much smaller than the previous regular unlocks.

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

Euler

Project Official Website:

Project Twitter:

Number of unlocked: 145,000

The amount of this unlock: (approximately) $390,000

Euler is a custom permissionless lending protocol that helps users lend and borrow more Ethereum-based tokens than ever before. As a customized permissionless lending protocol, the protocol has a range of new features to help users lend and borrow more types of tokens than ever before. On the lending side, there is still a large unmet need for long-tail assets that borrow crypto assets.

! [One-week token unlock trailer: YGG, CTSI large unlock, 6 projects ushered in unlocking] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-91e2700b7e-dd1a6f-69ad2a.webp)

The unlocking scale of EUL is only slightly higher than that of ACA, which is about 0.78% of circulation, which is still less than 1%.

At present, the EUL circulation is about 50 million US dollars, and this unlock is only 390,000 US dollars, so there is no need to worry too much.

Galxe

Project Official Website:

Official Twitter:

Number of unlocks: 580,000

The amount of this unlock: (approximately) $680,000

Galxe is a platform that helps Web3 projects build communities. Galxe also has products such as solutions, multi-chain identity Galxe IDs, and more. GAL tokens are payment and governance tokens for the Galxe ecosystem. Developers use GAL to pay for platform fees such as queries to Galxe Oracle Engine and Galxe Credential APIs.

! [One-week token unlock trailer: YGG, CTSI large unlock, 6 projects ushered in unlocking] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-48ab5bfa70-dd1a6f-69ad2a.webp)

The GAL unlocks the curve into a staircase. Less than 600,000 pieces were unlocked this time, accounting for about 1.26% of the circulating market capitalization.

Yield Guild Games

Project Official Website:

Official Twitter:

Number of unlocks: 12.58 million

Amount unlocked: (approximately) $2.94 million

YGG is a previously popular game guild DAO project, where guilds buy items in GameFi and rent them to players to extract players' gold income.

The unlock information indicates that about a quarter (3.27 million) of the unlocked tokens went to the community and another quarter (3.2 million) to investors.

In recent times, YGG has been unlocked frequently. YGG also has a large number of tokens that have not been released to the market, with 67% of tokens still being locked. Judging from the release model, this unlock is not special. Unlocks of similar size or magnitude occur every month. And in the future, larger unlocks will not occur on a different scale than such regular unlocks. Investors have ample historical data to refer to.

! [One-week token unlock trailer: YGG, CTSI large unlock, 6 projects ushered in unlocking] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-e5e447da89-dd1a6f-69ad2a.webp)

This week, about 12.42 million YGG tokens will be unlocked, or about $2.63 million. At present, the number of YGG in circulation is about 185 million, and the number of unlocked this time is about 6.8% of the circulating quantity.

SingularityNET

Project Official Website:

Official Twitter:

Number of unlocked: 9.53 million

Amount unlocked: (approximately) $1.72 million

SingularityNET is a decentralized AI platform and marketplace that aims to establish a "protocol that connects AI and machine learning tools to create effective applications." The project consists of the following main components working together:

AI Marketplace: Users can purchase AI-driven services on the AI Marketplace.

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 the establishment of a layer 2 network were taken to encourage large-scale user use.

! [One-week token unlock trailer: YGG, CTSI large unlock, 6 projects ushered in unlocking] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-6e0442c164-dd1a6f-69ad2a.webp)

The full unlock of this token will consume about 100 years. In the first few years of token release, it was also the fastest to unlock.

Currently, the token is unlocked monthly, with a similar scale of monthly unlocks.

! [One-week token unlock trailer: YGG, CTSI large unlock, 6 projects ushered in unlocking] (https://img-cdn.gateio.im/webp-social/moments-7f230462a9-e1be0103fb-dd1a6f-69ad2a.webp)

(Recently unlocked icon)

The size of this unlock is less than 1% of the circulating market capitalization, and the scale of the previous unlock is similar.