Token Unlock of the Week: VENOM will unlock 12.7% of its circulating supply

CN
1 year ago

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

Token unlocking for the week: VENOM will unlock 12.7% of the circulating supply

Venom

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

Project website: https://venom.network/

Amount unlocked this time: 235 million tokens

Amount unlocked this time: approximately $25.68 million

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

VENOM's initial unlocking has begun, and the unlocking speed will gradually increase. This round of unlocking is aimed at unlocking 219 million tokens for the ecosystem, worth approximately $23.45 million, and unlocking 15.84 million tokens for the community, worth approximately $1.69 million.

The specific release curve is as follows:

Token unlocking for the week: VENOM will unlock 12.7% of the circulating supply

YGG

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

Project website: https://yieldguild.io/

Amount unlocked this time: 14.07 million tokens

Amount unlocked this time: approximately $6.29 million

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

This round is YGG's regular release, with unlocking targets including 5.32 million tokens for the community ($2.45 million), 4.17 million tokens for founders ($1.92 million), 2.31 million tokens for the treasury ($1.07 million), and 2.28 million tokens for investors ($1.05 million).

The specific release curve is as follows:

Token unlocking for the week: VENOM will unlock 12.7% of the circulating supply

Portal

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

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

Amount unlocked this time: 6.09 million tokens

Amount unlocked this time: approximately $1.79 million

Portal is a Web3 gaming platform. PORTAL is the native platform token of the platform, serving as a unified access point for Web3 games and game-related transactions for players. Ecosystem participants can run nodes composed of the Portal Web3 engine and LayerZero relayers to provide cross-chain transaction verification, enabling asset interoperability.

PORTAL is currently in a high-speed release phase, with a circulation ratio of 36%, and the circulation will double after one year. The main recipients of the allocation include private investors, public sale investors, and the treasury, with daily unlocked token value of approximately $270,000.

The specific release curve is as follows:

Token unlocking for the week: VENOM will unlock 12.7% of the circulating supply

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