Token unlocking in one week: MEME unlocks 5.6 billion Tokens, accounting for more than 33% of Circulating Supply

Next week, 16 projects will usher in Token Unlock events. Among them, MEME will usher in a large number of unlocks, accounting for 33.6% of the total unlocks, and other important unlocks include DYDX and NYM.

The specific unlock details are as follows:

Memeland

Project Twitter:

Project Official Website:

Number unlocked: 5,600,000,000,000

Amount unlocked: Approximately $156 million

Memecoin (MEME) is the native Token that powers the Memeland NFT ecosystem. Memeland is 9 GAG’s independent Web3 venture capital studio dedicated to developing and investing in the SocialFi and creator economy, with the goal of connecting creators and communities through its MEME Token and other NFT.

This is the first Cliff unlock since the launch of MEME, with the largest proportion being the Airdrop part, with a total of 3.45 billion and a value of nearly $100 million. The remainder were 1.04 billion for advisors and 828 million for investors, valued at $30 million and $23.5 million, respectively.

The specific release curve is as follows:

dYdX

Project Twitter:

Project Official Website:

Unlocked this time: 33.34 million

The amount unlocked this time: about $73 million

dYdX is a Decentralization derivatives trading for Perptual Futures and Margin trading, providing Blockchain digital asset trading services in the form of an order book, as well as trading functions for leverage and contracts. dYdX adopts the order model of off-chain matching + on-chain Settlement. The operation experience is closer to the traditional CEX, and can realize limit order, stop loss and other operations.

This unlock is a regular unlock and is open to investors and project parties. Among them, there were 18.49 million for investors, worth $39.3 million, and 14.85 million for founders, employees, and advisors, worth $31.6 million.

The specific release curve is as follows:

Nym

Project Twitter:

Project Official Website:

Unlocked this time: 45.63 million

The amount unlocked this time: about $8.06 million

Nym is a privacy platform that provides strong network-level privacy against sophisticated, end-to-end attackers long wick candle and anonymous access control using blinded, rerandomizable, decentralization credentials. Nym protects privacy at the network layer by encrypting and relaying users’ Internet traffic through a longest network called a mixnet.

NYM has been basically unlocked, accounting for 78% of the total unlock, this round is the penultimate round of large unlocking, and the full unlock of this round is released to backers.

The specific release curve is as follows: