Token unlocking is the process of releasing Token that were previously locked up under the terms of a Capital. Projects often schedule releases carefully to avoid creating pressure on the market and preventing a drop in Token value.
However, factors such as lack of liquidation or early profit-taking by investors can significantly impact the asset's volatility. Here are 3 important unlocked Token to watch out for in the coming week.
Venom (VENOM)
- Unlock date: September 25
- Number of Token unlocked: 235.36 million VENOM
- Current Circulating Supply: 1.85 Billion VENOM
Venom is a proof-of- Stake blockchain designed for scalability and security. It uses the Byzantine Fault Tolerant consensus algorithm to validate blocks and secure the network. Dynamic sharding technology enhances transaction processing capacity, allowing the network to scale on demand.
Venom has recently started unlocking Token, and the unlock rate is expected to increase over time. This phase will release 219.52 million Token to support the ecosystem, worth approximately $23.45 million. In addition, the community will receive 15.84 million Token, worth approximately $1.76 million.
Yield Guild Games (YGG)
- Unlock date: September 27
- Number of Token unlocked: 14.08 million YGG
- Current Circulating Supply: 386.22 Million YGG
Yield Guild Games (YGG) is a gaming community that operates on a play-to-earn model. YGG brings together gamers from around the world, allowing them to earn cryptocurrency rewards through participating in blockchain games. YGG invests in Non-Fungible Token assets, such as in-game items and virtual land, that guild members can borrow and use during gameplay.
Over the next few days, Yield Guild Games will unlock over 14 million YGG. These Token will be distributed to the community, founders, investors, and treasury, to fuel the growth of the guild and ecosystem.
SingularityNET (AGIX)
- Unlock date: September 28
- Number of Token unlocked: 8.19 million AGIX
- Current Circulating Supply: 502.88 Million AGIX
SingularityNET is a decentralized blockchain platform designed to build and host artificial intelligence (AI) applications. The platform’s native Token , AGIX, is essential for transactions, governance, and rewards for nodes that maintain and grow the network. SingularityNET also supports chain functionality, allowing AGIX Token to operate on both the Cardano and Ethereum networks.
In September, an important event for AGIX Token holder will take place when the Token unlock distribution will be made to participants of the AGIX- ADA reward program. This initiative aims to incentivize and reward community members who have actively contributed to the development of the platform.
Other notable unlocks coming next week include Galxe (GAL), Acala (ACA), Euler (EUL), and Tornado Cash (TORN), with a total value exceeding $48 million. While many view Token unlocks as a bearish signal, a well-planned unlock schedule can support a project’s long-term success. Tied to important milestones and developments, unlocks can motivate project teams, engage the community, and drive ecosystem growth.
