Organize - Odaily
Editor - Loopy
Next week, five projects will usher in token unlocking events. Among them, ID and YGG will be unlocked in large amounts.
DYDX, ACA, and AGIX are still continuing to unlock small amounts, and the amount unlocked accounts for less than 1% of the circulating quantity.
The specific unlocking details are as follows:
SPACE ID
Project Twitter:https://twitter.com/SpaceIDProtocol
Project official website:https://space.id/
Number of unlocked coins this time: 31.82 million
Amount unlocked this time: (approximately) US$9.17 million
Space ID is a decentralized domain name project that provides users with .bnb, .eth, and .arb domain name services. The intention is to build this project into a decentralized multi-chain identity for users. In addition, the project party also provides users with a domain name trading market. The governance token whose ID is SPACE ID has a total supply of 2 billion.
On January 17, ZKFair and SPACE ID launched the .zkf domain name service. In December last year, SPACE ID also reached a cooperation with Manta Network to launch the exclusive .manta domain name.
ID has three main functions. It can be used for staking to obtain market transaction fee discounts and domain name registration discounts. Used as a payment method in the SPACE ID ecosystem and Web3 Names SDK integration. Participate in the governance of SPACE ID DAO.
Judging from the unlocking history, the current ID circulation is still low. Only 23% of IDs have been unlocked and are in circulation, and up to 77% of ID tokens are still waiting to be unlocked in the future.
The specific release curve is as follows:
In this unlocking, the largest number of tokens belong to strategic investors, and 13.33 million tokens worth US$3.84 million will flow to strategic investors. Sorted by amount, the rest belong to community airdrops, foundations, marketing budgets, ecological funds, etc.
Judging from the unlocking graphics, ID will receive large amounts of unlocks every month. However, the number of unlocks in the past has been around 18 million pieces, and the scale of this unlock is higher than the previous large unlocks.
Investors should pay careful attention to their positions to prevent market risks or capture market returns.
Yield Guild Games
Project official website:https://yieldguild.io/
Official Twitter:https://twitter.com/YieldGuild
Number of coins unlocked this time: 16.69 million
Amount unlocked this time: (approximately) US$8.64 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.
Although the project has been around for many years, only about half of the tokens are in circulation. Currently, 55% of YGGs are unlocked and 45% are waiting to be unlocked in the future.
Unlocking information shows that approximately 7 million of the unlocked tokens belong to the community and are worth approximately US$3.6 million. 4.17 million tokens belong to the founders and are worth approximately $2.16 million. 3.2 million coins belong to investors and are worth $1.66 million. 2.31 million belong to the treasury and are worth approximately $1.2 million.
In recent times, YGG has been unlocking frequently. 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 16.69 million YGG tokens will be unlocked, equivalent to approximately $8.64 million. There are currently about 281 million YGG in circulation, and the number unlocked this time is about 5.94% of the circulation.
