One-week token unlocking: ALT unlocks 6.9% of the circulating tokens
Next week, 9 projects will have token unlocking events. ALT will have 5% of its tokens unlocked, and other high-proportion unlocking projects include YGG, PORTAL, OP, etc., but the amounts are relatively small.
The specific unlocking details are as follows:
AltLayer
Number of tokens unlocked this time: 105 million
Amount unlocked this time: Approximately 19.9 million US dollars
AltLayer is an open, decentralized Rollups protocol that combines the concept of Restaked rollup. It takes existing rollups (derived from any rollup stack, such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc.) and provides them with enhanced security, decentralization, interoperability, and fast finality. In addition, AltLayer also provides temporary execution layer services.
This round of unlocking is a regular linear unlocking of ALT. Since the current circulation only accounts for 15% of the total, the release accounts for a large proportion. The next release will be on July 25, which will account for a much larger proportion than the current one. This round of unlocking includes 35.42 million (US$7.04 million) for protocol development funds, 44.79 million (US$8.9 million) for the treasury, and 25 million (US$4.97 million) for ecological and community funds.
The specific release curve is as follows:
YGG
Project Twitter: https://twitter.com/YieldGuild
Project official website: https://yieldguild.io/
Number of unlocked tokens this time: 16.7 million
Amount unlocked this time: Approximately 10.89 million US dollars
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in NFTs based on virtual worlds and blockchain games.
YGG has unlocked 64% of the total, and the unlocking speed is continuing to slow down. This round of unlocking is for the community, founders, investors and treasury, which are 7.01 million (US$4.51 million), 4.17 million (US$2.68 million), 3.2 million (US$2.06 million), and 2.31 million (US$1.49 million), respectively.
The specific release curve is as follows:
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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