Entering the second week of July, Crypto Market will engulf a wave of token unlocking. This week, three major ecosystems, Cheley (Chill), Unchanging X (IMX) and APTOS (APT), are set up to unleash important new token supplies.
Here is a breakdown of what you should look at in each project.
1. aptos (apt)
Unlocked date: July 12th Number of tokens unlocked: 1,131 million apts (0.98% of total supply) Current circular supply: 644.5 million apts Total supply: 11.5 billion apts
Aptos is a Layer-1 blockchain that uses the Move programming language by Facebook (Meta). The main purpose of APTOS is to enhance scalability, security, ease of use and reliability for users.
On July 12th, the network will release 11.31 million APTs to the Crypto market. The token is worth $50 million, representing 1.75% of current distribution supply. Aptos awards the majority of these tokens to the community, and assigns about 10% of the unlocked tokens to staking rewards.
2. Immutable (IMX)
Unlocked date: July 11th Number of tokens unlocked: 124.52 million IMX (1.23% of total supply) Current circular supply: 1.8 billion IMX Total supply: 2 billion IMX
Immutable X is Ethereum’s Layer 2 Scaling Solution, designed specifically for NFTS, leveraging zero knowledge rollup.
It enables trading with gas-free NFT mint, providing immediate trade finality and high throughput for over 9,000 transactions for 1 second.
Immunity unlocked 124 million IMX tokens on July 11th, worth more than $10 million. This represents 1.31% of the unchanging market capitalization. This project allocates most of the unlocked tokens for ecosystem development. Approximately 5% of unlocked tokens assigned for public sales.
3. Cheery (Chill)
Unlock date: July 10th Number of tokens to unlock: 267 million chills (0.27% of total supply) Total supply: 1 billion chills
Cheelee is a social media platform that rewards users and creators to watch and create content. It also has an NFT ecosystem where users can purchase, sell, upgrade, mint, stake and collect NFT glasses. The platform uses native tokens, tel for governance, NFT upgrades, and in-app transactions.
Cheley unlocked 2.67 million chill tokens on July 10, totaling around $13.4 million.
The platform assigns most of the unlocked tokens as Cheery’s rewards.
Other well-known tokens can unlock investors this week that they can include Delysium (AGI), Moca (Moca), and Xave (Xav).
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