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One-week token unlocking: PIXEL unlocks 7% of the circulating supply, and the circulating market value has dropped by 85% to 100 million

One-week token unlocking: PIXEL unlocks 7% of the circulating supply, and the circulating market value has dropped by 85% to 100 million

Odaily2024/08/18 02:42
By:Odaily

Next week, 8 projects will have token unlocking events. PIXEL and ID have higher unlocking ratios, while other projects have less unlocking ratios.

Pixels

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

Project website: https://www.pixels.xyz/

Number of unlocked tokens this time: 54.33 million

Amount unlocked this time: Approximately US$7.66 million

Pixels is a metaverse farming P2E game launched in 2021. It features a 16-bit pixel style and provides players with the opportunity to interact, farm, play mini-games and earn token rewards in a pixel world. It allows the use of PFP-type NFTs as game avatars.

The circulation ratio of PIXEL has risen to 21% and is currently in the regular release period, which will accelerate in February 2025. Although 7% of the circulation has been unlocked, the market value has fallen from the high of $700 million in March to $100 million. The main part is still the 28.33 million pieces (worth about $3.84 million) of ecological rewards.

The specific release curve is as follows:

Space ID

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

Project website: https://space.id/

Number of unlocked tokens this time: 18.46 million

Amount unlocked this time: Approximately 6.57 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 is the second stage of the accelerated release period, with 5.83 million tokens (US$2.07 million) airdropped to the community, 5 million tokens (US$1.77 million) to the foundation, 4.88 million tokens (US$1.73 million) to marketing, and 2.78 million tokens (US$983,000) to the ecological fund.

The specific release curve is as follows:

Avalanche

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

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

Number of unlocked tokens this time: 10.25 million

Amount unlocked this time: Approximately US$210 million

Avalanche is a Layer 1 protocol 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.

After this round of unlocking, the unlocking speed of AVAX will decrease, and the current circulation is 63% of the total. The unlocking distribution is 4.5 million for the team (91.71 million US dollars), 2.25 million for strategic partners (45.86 million US dollars), 1.67 million for the foundation (33.97 million US dollars), and 1.13 million for airdrops (22.93 million US dollars).

The specific release curve is as follows:

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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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