One-week token unlock: STRK unlocks approximately $78 million worth of tokens

Next week, 16 projects will have token unlocking events. Among them, STRK and PIXEL will unlock a large proportion of USD 78.72 million and USD 20.72 million respectively. In addition, AEVO will conduct a “conversion unlocking” of over USD 1 billion.

The specific unlocking details are as follows:

Aevo

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

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

Number of tokens unlocked this time: 848 million

Amount unlocked this time: Approximately US$1.06 billion

Aevo is a decentralized derivatives trading platform and Layer 2, focusing on options and perpetual contracts trading. Aevo runs on Ethereum roll-up based on OP Stack, which enables Aevo to increase transaction speed and reduce transaction costs while maintaining decentralization.

Token.unlocks shows that AEVO will unlock tokens worth about $1.06 billion on May 15, which is 7.7 times the current circulating market value, and the community also spreads this statement, but it is not actually going to unlock $1 billion in tokens. The actual situation is as follows:

Before launching the AEVO token, the predecessor of the Aevo team, Ribbon Finance, had actually launched the RBN token. This time, what is open is the conversion of RBN to AEVO token. Coingecko shows that the current market value of RBN is about 1.09 billion, so the AEVO token is not newly added. From unlocked to unlocked, it can be more accurately understood as the fusion of the circulating market value.

Starknet

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

Project official website: https://starknet.io/

Number of tokens unlocked this time: 64 million

Amount unlocked this time: Approximately US$78.72 million

Starknet is Ethereums Layer 2, using zk-STARKs technology to make Ethereum transactions faster and less expensive. StarkNets parent company, StarkWare, was founded in 2018 and is headquartered in Israel. Its main products include Starknet and StarkEx. By using STARK, Starknet verifies transactions and calculations without requiring all network nodes to verify each operation. This significantly reduces the computational burden and increases the throughput of the blockchain network.

STRK will enter a continuous large-scale linear unlocking phase starting from this month. The current circulation volume only accounts for 8% of the total volume, and the amount released this time accounts for 8.7% of the circulation volume. Subsequent monthly unlocking will continue at a similar level, which is expected to have a significant impact on the coin price.

The specific release curve is as follows:

Pixels

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

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

Number of unlocked tokens this time: 54.37 million

Amount unlocked this time: Approximately 20.72 million US dollars

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. PFP-type NFTs are allowed to be used as game avatars.

This round is a regular linear unlocking of PIXEL. As it has not been online for a long time, the proportion is relatively high. This round of unlocking is mainly 28.33 million pieces of ecological rewards, worth about 11.12 million US dollars. The rest are 17.71 million pieces of the treasury and 8.33 million pieces of consultants, worth 6.95 million US dollars and 3.27 million US dollars respectively.

The specific release curve is as follows:

This article is sourced from the internet: One-week token unlock: STRK unlocks approximately $78 million worth of tokens

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