Next week, 11 projects will usher in token unlocking events. Among them, AVAX, ID, MANTA, and ROSE will be unlocked in large amounts. The remaining tokens have smaller unlock amounts.
The specific unlocking details are as follows:
Avalanche
Project Twitter:https://twitter.com/avax
Project official website:https://www.avax.network/
Quantity unlocked this time: 10.19 million
Amount unlocked this time: approximately US$410 million
Avalanche is an open source platform for launching decentralized applications, new financial languages, and new scalable blockchains. Avalanche proposes a new blockchain consensus protocol that integrates the characteristics of the classic Non-Byzanting consensus algorithm and POW. This consensus enables distributed ledgers to ensure decentralization, high concurrency processing and rapid confirmation of transactions. At the same time, Realize historical record deletion and on-chain governance.
This release of AVAX is a quarterly unlock, and subsequent unlocks of the same magnitude will be carried out in May. This unlock is mainly for team shares, with a quantity of 4.5 million coins, accounting for 1.2% of the circulation. In addition, there are 2.25 million coins for strategic partners and 1.67 million coins for foundations. AVAX has currently released 58% of the total amount. After several rounds of releases from large-scale teams and investors, the release will mainly be based on staking rewards. It is expected that this unlocking will not have an excessive impact.
The specific release curve is as follows:
Space ID
Project Twitter:https://twitter.com/SpaceIDProtocol
Project official website:https://space.id/
Number of unlocked coins this time: 18.49 million
Amount unlocked this time: approximately US$10.8 million
Space ID is a decentralized domain name service protocol created on the BSC chain. It works to build a universal name service network that seamlessly connects people, information, assets and applications across blockchains. It also allows users to bind their identities to multiple chains, and the community can build its own domain name service through the SPACE ID network.
The current circulation of ID reaches 3.5% of the total, and 4.29% of the circulation will be released this time. This unlocking targets many targets, including 5.83 million airdrops, 5 million foundations, 4.88 million marketing, and 278 ecological funds. Thousands of pieces. The level of unlocks in this round is relatively conventional, and the next round of unlocks is more noteworthy and will be held in May.
The specific release curve is as follows:
Manta
Project Twitter:https://twitter.com/MantaNetwork
Project official website:https://manta.network/
Number of unlocked coins this time: 6.67 million
Amount unlocked this time: approximately US$22.91 million
Manta Network is a modular blockchain for zero-knowledge applications. Manta Pacific is a modular L2 ecosystem for EVM native ZK applications and DApps that want to provide users with low cost and excellent experience. Manta Pacific leverages Mantas Universal Circuits to implement ZK-as-a-Service and leverages Celestias data availability for modularity.
MANTA will unlock 3.1% of the circulation this time, all of which are unlocked by the public sale of tokens. Compared with the unlocking amount of circulation, it is more conventional and is not expected to have a major impact. The current circulating supply accounts for 26% of the total supply. The next larger unlock will be held in April, and more than 20 million tokens will be unlocked.
The specific release curve is as follows:
Oasis
Project Twitter:https://twitter.com/oasisprotocol
Project official website:https://oasisprotocol.org/
Quantity unlocked this time: 171 million
Amount unlocked this time: approximately US$20.47 million
Oasis Network is a decentralized blockchain network built by Oasis Labs that aims to provide a secure, private, and highly scalable infrastructure to support the development of DeFi applications and data privacy solutions.
ROSE will unlock 2.53% of the circulating supply in this round, of which 2.08% is mainly from core contributors, totaling 140 million. Tokens have been released in multiple rounds. The proportion released in this round is not high, but there is a problem of relatively concentrated release objects.
The specific release curve is as follows:
