Find out what tokens are coming out next week and how big unlocks might change the market dynamics with our handy guide!
Tokens that were frozen during investment rounds or other funding programs can be unlocked.
Tokenomics are usually carefully worked out by the team so that there isn’t a lot of selling pressure at different unlock stages, which keeps the token price high. On the other hand, the asset’s quotes can be significantly impacted by a number of factors, such as a shortage of liquidity or early investors cashing out right after tokens are unlocked.
Ten crucial unlocks will be featured next week, according to the editors at BeInCrypto.
one. YGG, or Yield Guild Games
Reset date: May 27
With 16,690,000 YGG, the number of tokens unlocked is
Right now, you can buy 371 566 422 YGG.
Yield With a focus on blockchain games and a play-to-earn model, Guild Games is a gaming community. People from all over the globe can invest in NFT assets through it. You can pay for network services using the YGG platform’s native token. You can use it to vote, gain access to exclusive content on the Discord server, or stake it for rewards. Everyone from the community to developers to investors to the treasury will get their hands on the tokens once they’re unfrozen in a few days.
Secondly, SingularityNET
AGIX US Dollars
Arrival date: May 28
A total of 8,710,000 AGIX have been unlocked.
There are currently 1,283,425,719 units in circulation. AGIX
For the development of AI-based applications, there is SingularityNET, a decentralized blockchain platform. Node operators get a cut of the fees as payment for their work on the network’s upkeep and development, and the AGIX project’s native token is used to pay for services. Members of the AGIX-ADA rewards program will be the first to receive the newly-unlocked coins on February 28.
- The Prime Echelon
Date of unlocking: May 31
You have 1,660,000 PRIME tokens unlocked.
There are currently 39,254,084 units in circulation. HIGHEST QUALITY
For peer-to-peer (P2P) gaming, there is Echelon Prime, an open, decentralized, community-driven ecosystem. You can stake and vote on projects using the native PRIME token, and it can also be used to reward users and developers. Each investor and reserve at Parallel Studios will get one of the coins that will be unlocked next week.
MANTA, the Manta Network, #4.
Date of unlocking: May 31
Maximum amount of tokens available: 1,870,000 MANTA
Offer currently available: 251 077 745 MANTA
An application-specific blockchain, Manta Network is designed for zero-knowledge (ZK) scenarios. That is composed of two networks:
To facilitate the most cost-effective and user-friendly experience for users, Manta Pacific offers a modular L2 ecosystem for decentralized applications (dApps) and EVM-native ZK apps.
A Polkadot L1 blockchain, Manta Atlantic offers programmable ZK privacy IDs and on-chain credentials through zkSBTs, and it’s also the fastest.
The project’s advisors will be the rightful owners of the MANTA tokens that are unlocked at the end of next week.
- Staying positive
Date of unlocking: May 31
You have 31,340,000 OP worth of tokens unlocked.
The current supply in circulation is 1,086,889,963 OP
As a second-layer solution, Optimism aims to make the Ethereum network faster and more scalable. If DefiLlama’s claims about the amount of blocked funds (TVL) and the number of running protocols are to be believed, it ranks among the top L2 networks. Voting, project management, and ecosystem development are all facilitated by the OP token, which is part of the Optimism Collective community. Investors and important players in the project will get their hands on the coins that are released during the next unlock.
6.1% of a full inch
May 1st, if unlocked
Unlocked token count: 98,740,000 1INCH
There are currently 1,158,579,193 1INCH in circulation.
1inch uses order routing and limit order placing technologies to aggregate liquidity from decentralized exchanges. By instantly compiling data from dozens of sources, the platform provides the best cryptocurrency exchange rates. Optimism, Arbitrum, Polygon, BNB Chain, Ethereum, and a plethora of other decentralized finance (DeFi) protocols are all compatible with 1inch.
On June 1, the cliff of nearly 100 million tokens meant for developers, early investors, and venture funds will end, and the next 1INCH unlock will begin.
A digital asset is “cliffed” (meaning “locked” in English) in a smart contract for a certain amount of time. Following its conclusion, the freezing period known as vesting (derived from the English vesting meaning allotment) starts, during which coin holders are unable to sell their coins.
There are two types of vesting: linear, in which tokens are unlocked at regular intervals, and non-linear, in which tokens are unlocked at irregular intervals. The smart contract specifies the parameters and duration, and neither can be changed.
- The DYDX
Date of unlocking: May 14
There are 33,330,000 DYDX tokens that have been unlocked.
The current supply of DYDX is 279,818,881.
The biggest decentralized perpetual futures trading protocol, dYdX, announced revisions to the project’s initial tokenomics in early 2023. The latest information indicates that early investors will receive 27.7% of the total DYDX supply, while the treasury will receive 26.1%, the team will receive 15.3%, and future dYdX employees and consultants will reserve 7.0%. User rewards are the intended use for the remaining tokens.
The project team and investors will receive the majority of the DYDX that is unlocked on June 1.
- ACA, or Acala
May 1st, if unlocked
The amount of ACA that have been unlocked is 27,430,000.
This offer is currently available for 962,499,997 ACA
Two teams that are active participants in the Polkadot ecosystem, Polkawallet and Laminar, formed the first DeFi consortium of its kind, Acala Network, which launched in 2019. The platform can work with other blockchains, like Ethereum, and supports smart contracts. On May 1, the project team and strategic partners will split the unlocked ACA tokens.
- The name Sui
May 1st, if unlocked
We have unlocked 65,080,000 SUI worth of tokens.
There are currently 2,339,196,965 units in circulation. SUI
Layer one (L1) blockchain technology is at the heart of Sui. The Proof-of-Stake consensus algorithm guarantees the network’s operation and security. Mysten Labs, which was established in 2021 by a team of people who had worked for Novi Research and had created the Diem blockchain and the Move programming language, was responsible for developing the project.
Two fundraising rounds totaling $336 million have been completed by Mysten Labs since December 2021. Franklin Templeton, a16z Crypto, and Binance Labs are the project’s primary backers.
June 1st is when the next SUI unlock will take place. The participants in the Series A and B investment rounds will receive a portion of the “unfrozen” tokens, while the community reserve and Mysten Labs treasury will receive the rest.
- ENA, or Ethena
Date of unlocking: June 2
Tokens Unlocked: 53,600,000 ENA
There are currently 1,479,139,274 ENA in circulation.
Initiated by Ethena, the creator of the “synthetic dollar” USDe, the native token of the DeFi protocol is ENA. This asset serves as a tool to manage the capabilities of the ecosystem and to attract investors and participants to the protocol. Ethena Labs airdropped $450 million worth of tokens to the community in conjunction with ENA’s launch.
More than 50 million ENA will be unlocked on June 2 for the project’s ecosystem development.