Next week, there will be token unlocking events for 9 projects. Starknet, a Layer 1/2 network, will have a high percentage of tokens unlocked at 4.91%, while other projects like APT, ARB, and IMX will have smaller unlocking percentages but significant amounts.
Specific details of the unlocking are as follows:
Starknet:
– Twitter: https://twitter.com/Starknet
– Website: https://starknet.io/
– Tokens unlocked: 64 million
– Value unlocked: Approximately $73.6 million
Starknet is an Ethereum Layer 2 solution that utilizes zk-STARKs technology to expedite transactions and reduce fees. Its parent company, StarkWare, was founded in 2018 in Israel and is known for developing Starknet and StarkEx. By using STARK, Starknet can validate transactions and computations without requiring every network node to validate each operation, significantly reducing computational burdens and increasing blockchain network throughput.
The current unlocking for STRK follows a regular linear release. Due to the relatively low circulating supply, early contributors will receive 33.57 million tokens worth about $43.3 million, while investors will receive 30.43 million tokens worth $39.26 million.
Arbitrum:
– Twitter: https://twitter.com/arbitrum
– Website: https://arbitrum.io/
– Tokens unlocked: 92.65 million
– Value unlocked: Approximately $89.64 million
Arbitrum is an Ethereum Rollup solution designed to enhance Ethereum’s scalability by aggregating and processing off-chain transactions before submitting a single transaction to the Ethereum mainnet. This means users can enjoy faster, cheaper transactions while still benefiting from Ethereum’s security and decentralization. Arbitrum’s native token is ARB, and ARB holders can participate in decision-making processes such as proposing and voting on protocol upgrades or changes.
With ARB’s current circulating supply at 29% of the total, the release percentage is smaller compared to Starknet. The team will unlock tokens worth $61.12 million, while investors will receive tokens worth $39.77 million.
Aptos:
– Twitter: https://twitter.com/Aptos_Network
– Website: https://aptosfoundation.org/
– Tokens unlocked: 11.31 million
– Value unlocked: Approximately $92.29 million
Aptos is a Layer 1 public chain project aiming to build a scalable, secure, trustworthy, and upgradable smart contract platform. The Aptos team consists of former Meta members who have branched out independently. APT is the native token of the Aptos main chain, used for transaction fees, staking, and governance.
The unlocking curve for APT is slowing down, with tokens distributed to core contributors (3.96 million tokens worth $36.02 million), the community (3.21 million tokens worth $29.21 million), investors (2.81 million tokens worth $25.55 million), and the foundation (1.33 million tokens worth $12.13 million).