Next week token unlock announcement: ID welcomes a large unlock, with the unlock amount accounting for 6.4% of the circulating supply.

BTC0.0₂₀

ETH0.0₂₀

HTX0.0₂₀

SOL0.0₂₀

BNB0.0₂₀

BTC0.0₂₀

ETH0.0₂₀

HTX0.0₂₀

SOL0.0₂₀

BNB0.0₂₀

Next week token unlock announcement: ID welcomes a large unlock, with the unlock amount accounting for 6.4% of the circulating supply.

Loopy Lu

2023-09-17 09:08

本文约714字，阅读全文需要约3分钟

ID, 1INCH, and other projects will have token unlocking next week.

Organize | Odaily

Editor | Loopy

Next week, there are very few projects with token unlocking, and only two unlocking projects are worth paying attention to.

ID will have a large unlocking, while 1INCH will have a routine small unlocking.

The specific unlocking details are as follows:

SPACE ID

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

Project website: https://space.id/

This unlocking quantity: 18.49 million tokens

This unlocking amount: (approximately) $3.81 million

Space ID is a relatively new project. Although it was launched as early as April 2022, the project only completed token issuance this year. In March 2023, Binance officially announced that ID token is its 30th Launchpad project.

Space ID is a decentralized domain name project that provides users with ".bnb", ".eth", and ".arb" domain name services. The project aims to create a decentralized multi-chain identity for users. In addition, the project also provides users with a domain name trading market.

ID is the governance token of SPACE ID with a total supply of 2 billion tokens. ID has three main functions.

ID can be used for staking to obtain transaction fee discounts in the market and domain name registration discounts. It is used as a payment method in the integration of the SPACE ID ecosystem and the Web3 name SDK. Participate in the governance of SPACE ID DAO.

The token economics are as follows:

20% for seed round sales; 8% for strategic sales; 15% allocated to the core team; 7% belongs to advisors; 10% for the ecosystem; 13% for marketing; 12% allocated to the foundation; 10% for community airdrops; 5% for Binance Launchpad.

The specific release curve is as follows:

Currently, only half a year away from the token's genesis, a large number of IDs are still locked. Only 19% of the tokens are in circulation, with as much as 81% of ID tokens still locked.

However, this unlocking brings a considerable amount. More than 18 million ID tokens will be unlocked, which represents less than 1% of the total supply when calculated based on the ID's total supply chain. But due to the large lock-up scale, when calculated based on the circulating supply, it accounts for 6.46%.

Looking at the unlocking chart, ID will experience similar unlocking scales every month. The market may have become accustomed to this rhythm and there is sufficient historical data available for reference.

Investors should carefully monitor their holdings to guard against market risks or capture market profits.

1INCH

In addition to ID, another token, 1inch, a well-established project, will also have unlocked tokens next week. However, the value of the unlocked tokens is only around $10,000, and the unlocking amount is less than 0.1% of the circulating market value. The token unlocking scale of 1INCH can be ignored.