One-week token unlocking: NEON circulating tokens will nearly double

Next week, 18 projects will have token unlocking events. NEON and MODE will have huge amounts unlocked, while XAI and EIGEN will have relatively large amounts unlocked.

Neon

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

Project website: https://neonevm.org/

Number of unlocked tokens this time: 53.86 million

Amount unlocked this time: Approximately 19.82 million US dollars

Neon is a compatible Ethereum Virtual Machine (EVM) that provides a low-friction solution to enable Ethereum DApps to run in Solana. The Neon EVM enables Ethereum developers to enjoy the benefits of the Solana network, including low fees, high transaction speeds, and the ability to execute transactions in parallel.

NEON began to accelerate the unlocking of tokens, including 8.61 million US dollars for ecological development, 4.4 million US dollars for early buyers, 4.1 million US dollars for founders, and more than 200,000 US dollars for early contributors and consultants.

The specific release curve is as follows:

Mode Network

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

Project website: https://www.mode.network/

Number of tokens unlocked this time: 512 million

Amount unlocked this time: Approximately 5.64 million US dollars

Mode Network is a modular Layer 2 network focused on the DeFi track, built on Optimisms Bedrock upgrade. Mode has designed a contract revenue sharing incentive at the protocol layer, and DApps and users that extend the Mode blockchain will directly receive a portion of the network sequencers profits.

MODE ushered in a key Cliff unlock, all of which were user and development airdrops, totaling 500 million, worth approximately US$5.61 million.

The specific release curve is as follows:

Xai

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

Project official website: https://xai.games/

Number of unlocked tokens this time: 35.88 million

Amount unlocked this time: Approximately US$7.57 million

Xai is the first Layer 3 blockchain in the Arbitrum ecosystem, designed to onboard traditional gamers to web3 gaming. Xai empowers traditional gamers to participate in open exchanges, enabling them to trade in-game items in their favorite games without having to interact with a crypto wallet. The Xai network is open and decentralized, enabling anyone to operate a node, earn network rewards, and participate in governance.

XAI is undergoing regular linear unlocking, and the current circulation ratio is 23%, including 17.33 million coins (US$3.16 million) for investors, 11.90 million coins (US$2.17 million) for the team, 3.38 million coins (US$610,000) for reserves, and 3.27 million coins (US$590,000) for the ecosystem.

The specific release curve is as follows:

EigenLayer

Project Twitter: https://x.com/eigenlayer

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

Number of unlocked tokens this time: 9.93 million

Amount unlocked this time: Approximately 33.97 million US dollars

EigenLayer is a protocol built on top of Ethereum that introduces the concept of re-staking, a new primitive in cryptoeconomic security. This primitive allows for re-staking of ETH on the consensus layer. Users who stake ETH can opt-in to the EigenLayer smart contract to re-stake their ETH and extend cryptoeconomic security to other applications on the network.

EIGEN has unlocked its first tokens after its launch, all of which are future community incentives, totaling 9.93 million tokens (worth US$33.17 million).

The specific release curve is as follows:

This article is sourced from the internet: One-week token unlocking: NEON circulating tokens will nearly double

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