Weekly Token Unlock Preview: 4 projects will be unlocked, and ID will be unlocked in large amounts

Finishing | Odaily

Edit | Loopy Lu

It’s different from the previous large number of items unlocked every week. Token unlocks for only 4 projects next week are worth watching.

Among the 4 tokens to be unlocked next week, ID is the largest unlock. Over $5 million worth of ID tokens, accounting for more than 4% of the current ID circulation.

The specific unlock details are as follows:

SPACE ID

Project Official Website:

Project Twitter:

Number unlocked: 18.49 million

The amount unlocked this time: (approx.) $5.17 million

SpaceID is a decentralized domain name project that provides users with “.bnb”, “.eth”, and “.arb” domain name services. The intention is to build this project into a decentralized multi-chain identity for users. In addition, the project team also provides users with a domain name trading market. The ID is a governance token of SPACE ID, with a total supply of 2 billion. IDs have three main functions. Currently, a whopping 78% of ID tokens are still locked.

More than 18 million IDs will be unlocked this time, which is only 0.8% of the total supply. However, given that the vast majority of the token is not in circulation, its unlocking volume is still considerable. Based on the current circulating supply, it accounts for about 4.29% of the circulating supply. The unlocked token market cap is approximately $5.17 million.

From the perspective of circulation, this unlock scale may have a certain impact on ID token transactions. However, this type of unlocking has occurred many times before, and there has been an unlock of a similar size every month since the token was issued.

Euler

Project Official Website:

Official Twitter:

Number unlocked this time: 123,000

Unlock amount: (approx.) $418,000

Euler is a customized, permissionless lending protocol that helps users lend and borrow more ETH-based tokens than ever before. As a custom permissionless lending protocol, the protocol comes with a range of new features that help users lend and borrow more types of tokens than ever before. When it comes to lending, there is still a large unmet need for long-tail assets that borrow crypto assets.

This unlock only accounts for less than 1% of the circulating supply, and from the perspective of unlock history and transaction size, this unlock can be called a small unlock.

NYM

Project Official Website:

Official Twitter:

Number unlocked: 12,500,000

Amount unlocked this time: (approx.) $2.55 million

NYM is a privacy infrastructure project. Nym focuses on privacy protection at the lower level of network transmission. The protocol is designed to prevent such data breaches by protecting the metadata of every packet at the network and application layers.

NYM tokens are used in its mixnet privacy system, and only those who have access to the mixnetwork can run the mixnode with NYM, guaranteeing high quality for the operator. Mixnode operators are rewarded with NYM tokens. Tokenomics shows that NYM total supply is 1 billion. The token was distributed on April 14, 2022.

Judging from the unlock history, the scale of this unlock is less than 1% of the circulating supply, which is not huge. There have been many times in the past that are much higher than this unlock.