One-week token unlock: PYTH unlocks $960 million worth of tokens

avatar
南枳
1 months ago
This article is approximately 493 words,and reading the entire article takes about 1 minutes
The unlocked amount of PYTH tokens accounts for 140% of the circulation.

Next week, 9 projects will have token unlocking events. PYTH will have a huge amount of unlocking, unlocking tokens worth about 960 million US dollars, and other large unlockings include ID and AVAX.

The specific unlocking details are as follows:

One-week token unlock: PYTH unlocks 0 million worth of tokens

Python

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

Project official website: https://pyth.network/

Number of tokens unlocked this time: 2.13 billion

Amount unlocked this time: Approximately US$960 million

Pyth Network is a decentralized oracle project that provides real-time and accurate financial market data, covering DEX, derivatives, DeFi lending, stablecoins, synthetic assets, etc., aiming to enhance the functionality and reliability of decentralized finance (DeFi) applications.

This round of unlocking is the first large-scale unlocking of PYTH tokens, and the current circulation is 15% of the total. The unlocking objects include four categories, namely 1.13 billion tokens (about 479 million US dollars) for ecological development, 537 million tokens (about 229 million US dollars) for publisher rewards, 250 million tokens (about 106 million US dollars) for private placement, and 212 million tokens (about 90 million US dollars) for protocol development. The unlocking amount is huge and is expected to have a significant impact on the price.

The specific release curve is as follows:

One-week token unlock: PYTH unlocks 0 million worth of tokens

Space ID

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

Project website: https://space.id/

Number of unlocked tokens this time: 18.49 million

Amount unlocked this time: Approximately 14.31 million US dollars

Space ID is a decentralized domain name service protocol created on the BSC chain. It is committed to building a universal name service network that seamlessly connects people, information, assets, and applications across blockchains. It allows users to bind their identities on multiple chains, and the community can build its own domain name service through the SPACE ID network.

This round of unlocking is a regular unlocking of ID, but because the current circulation is only 29% of the total, the unlocked tokens account for a large proportion. The number of unlocked objects is relatively balanced, with the largest number of 5.83 million tokens from the community airdrop, worth 4.17 million US dollars, and the smallest number of 2.78 million tokens from the ecological fund, worth about 2 million US dollars.

The specific release curve is as follows:

One-week token unlock: PYTH unlocks 0 million worth of tokens

Avalanche

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

Project official website: https://www.avax.network/

Number of unlocked tokens this time: 10.24 million

Amount unlocked this time: Approximately US$380 million

Avalanche is an open source platform for launching decentralized applications, new financial primitives, 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 the distributed ledger to ensure decentralization, high concurrency processing, and fast confirmation of transactions, while achieving historical record deletion and on-chain governance.

This round of unlocking is aimed at four categories of objects, among which the team is allocated the largest number of 4.5 million tokens, worth US$155 million. The remaining strategic partners, foundations and airdrops will each have unlocking worth tens of millions of dollars.

The specific release curve is as follows:

One-week token unlock: PYTH unlocks 0 million worth of tokens

Original article, author:南枳。Reprint/Content Collaboration/For Reporting, Please Contact report@odaily.email;Illegal reprinting must be punished by law.

ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

Recommended Reading
Editor’s Picks