Unlocking the Biggest Crypto News of the Week
Date: 2023-09-18 Author: Dima Zakharov Categories: IN WORLD
1. Avalanche (AVAX)
Unlock Date: September 21
Number of Unlocked Tokens: 9,540,000 AVAX
Current Circulating Supply: 353,940,000 AVAX
Avalanche is an open-source platform for launching decentralized applications and deploying public and private blockchains within a unified scalable ecosystem. The AVAX token is used for paying fees and settling transactions in Avalanche subnets. Users can also stake the asset with an annual yield of 11%. Next week, the circulating supply of AVAX will increase by over 9 million, as unlocked tokens are distributed among strategic partners, the Avalanche Fund, the project team, and airdrop participants.
2. Space ID (ID)
Unlock Date: September 22
Number of Unlocked Tokens: 18,490,000 ID
Current Circulating Supply: 286,000,000 ID
Space ID is a universal decentralized identification protocol that connects people, assets, and dApps across different blockchains. The platform allows users to use a single domain name to represent their identity in all separate applications and networks. On September 22, the project will unlock more than 15 million tokens, which will be distributed among the Space ID Fund and airdrop participants.
3. Covalent (CQT)
Unlock Date: September 22
Number of Unlocked Tokens: 21,780,000 CQT
Current Circulating Supply: 607,920,000 CQT
CQT is the native token of the Covalent Network. The project gathers information from dozens of sources, including nodes and blockchains, and then provides users with personalized wallet data, including current and historical investment performance for all types of digital assets. Approximately 25% of the tokens unlocked on September 22 will be allocated for rewarding validators and ecosystem development, with the rest going to the project's reserve.
4. Coin98 (C98)
Unlock Date: September 23
Number of Unlocked Tokens: 18,880,000 C98
Current Circulating Supply: 572,780,000 C98
Coin98 is a multifunctional DeFi platform designed to bridge traditional finance with decentralized services across multiple blockchains. For these purposes, Coin98 utilizes a comprehensive set of tools, including Coin98 Wallet, Coin98 Exchange, and the cross-chain bridge, Space Gate.
The platform's utility token, C98, is used for paying fees, managing, and granting unique rights to holders. Coins unlocked on September 23 will be distributed among the Coin98 community, the project team, advisors, and the project treasury.
Stay tuned as these unlocks may have a significant impact on the crypto market in the coming week.
