Next week, 18 projects will have token unlocking events. Among them, DYDX and 1INCH will have large amounts of unlocking, accounting for 11.9% and 8.5% of the circulation respectively.
The specific unlocking details are as follows:
DX
Project Twitter: https://twitter.com/dydxfoundation
Project official website: https://dydx.trade/
Number of unlocked tokens this time: 33.33 million
Amount unlocked this time: Approximately 69.33 million US dollars
dYdX is a decentralized derivatives exchange for perpetual contracts and margin trading. It provides order book-style blockchain digital asset trading services and leverage and contract trading functions. dYdX adopts an off-chain matching + on-chain settlement order model. The operating experience is closer to traditional CEX, and can implement limit trading, stop loss and other operations.
The circulating supply of DYDX accounts for 52% of the total. The unlocking rate will slow down after this round of unlocking. This round of unlocking is aimed at investors and teams. Investors will unlock tokens worth approximately US$36 million, and the team and future employment funds will unlock tokens worth US$20 million and US$9.1 million respectively.
The specific release curve is as follows:
1inch
Project Twitter: https://twitter.com/1inch
Project official website: https://1inch.io/
Number of unlocked tokens this time: 98.74 million
Amount unlocked this time: Approximately 42.45 million US dollars
1inch Network is a DeFi aggregation platform that optimizes transactions among hundreds of DEXs on multiple networks. It can automatically calculate the optimal transaction path and transaction volume split to help users get the best transaction price.
1INCH has unlocked 79% of the total. This is the penultimate round of Cliff unlocking, unlocking 98.74 million tokens for teams/investors/VCs, accounting for 8.52% of the circulation, which is expected to have a significant impact on the price of the token. The next unlocking will be carried out in December this year.
The specific release curve is as follows:
