Next week, nine projects will experience token unlocking events. ALT will have a significant token unlocking event, accounting for 5% of its circulating supply. Other projects with high unlocking ratios include YGG, PORTAL, and OP, although the amounts are relatively small.
The unlocking details are as follows:
AltLayer
Project Twitter:
https://twitter.com/alt_layer
Project website:
https://altlayer.io/
Amount of unlocking this time: 105 million tokens
Amount of unlocking this time: Approximately $19.9 million
AltLayer is an open and decentralized Rollups protocol that combines the idea of Restaked rollup. It adopts existing rollups derived from any rollup stack, such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, and provides enhanced security, decentralization, interoperability, and fast finality. Additionally, AltLayer also offers services for temporary execution layers.
This round of unlocking is a regular linear unlocking of ALT. Since the current circulating supply accounts for only 15% of the total supply, the release proportion is relatively large. The next release will take place on July 25th, with a proportion far exceeding the current one. This round of unlocking includes 35.42 million tokens for protocol development funds ($7.04 million), 44.79 million tokens for the treasury ($8.9 million), and 25 million tokens for ecological and community funds ($4.97 million).
The specific release curve is as follows:
YGG
Project Twitter:
https://twitter.com/YieldGuild
Project website:
https://yieldguild.io/
Amount of unlocking this time: 16.7 million tokens
Amount of unlocking this time: Approximately $10.89 million
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) used for investing in NFTs based on virtual worlds and blockchain games.
YGG has already unlocked 64% of its total supply, and the unlocking speed is continuing to slow down. This round of unlocking is for the community, founders, investors, and the treasury, with 7.01 million tokens ($4.51 million), 4.17 million tokens ($2.68 million), 3.2 million tokens ($2.06 million), and 2.31 million tokens ($1.49 million) respectively.
The specific release curve is as follows:
