One-week token unlock: VENOM will unlock 12.7% of the circulating supply

Next week, 10 projects will have token unlocking events. VENOM will have a large amount of unlocking, and YGG and PORTAL will have relatively large unlocking amounts.

Venom

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

Project website: https://venom.network/

Number of tokens unlocked this time: 235 million

Amount unlocked this time: Approximately 25.68 million US dollars

Venom is a Turing-complete proof-of-stake blockchain that uses a Byzantine Fault Tolerant consensus algorithm for block validation and creation as well as network security, using dynamic sharding to increase its transaction throughput and network capacity.

VENOM has initially started to be unlocked, and the subsequent unlocking speed will be gradually increased. This round of unlocking will unlock 219 million tokens for the ecosystem, worth approximately US$23.45 million, and 15.84 million tokens for the community, worth approximately US$1.69 million.

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: 14.07 million

Amount unlocked this time: Approximately 6.29 million US dollars

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in NFTs based on virtual worlds and blockchain games.

This round is a regular release of YGG, and the unlocking targets include 5.32 million tokens (US$2.45 million) for the community, 4.17 million tokens (US$1.92 million) for founders, 2.31 million tokens (US$1.07 million) for the treasury, and 2.28 million tokens (US$1.05 million) for investors.

The specific release curve is as follows:

Portal

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

Project official website: https://www.portalgaming.com/

Number of unlocked tokens this time: 6.09 million

Amount unlocked this time: Approximately 1.79 million US dollars

Portal is a Web3 gaming platform. PORTAL is the platforms native token, acting as a link between Web3 games and gamers, providing players with a unified access point for Web3 games and game-related transactions. Ecosystem participants can run nodes based on the Portal Web3 engine and LayerZero repeaters to provide verification of cross-chain transactions, thereby achieving asset interoperability.

PORTAL is currently in a high-speed release zone, with a flow rate of 36%, and the circulation will double in one year. The main distribution targets include private investors, public sale investors and the treasury, etc., unlocking tokens worth about US$270,000 per day.

The specific release curve is as follows:

This article is sourced from the internet: One-week token unlock: VENOM will unlock 12.7% of the circulating supply

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