Token lockup, also known as vesting period, refers to a period of time when tokens cannot be traded or liquidated.In this article, The VR Soldier team have selected main upcoming token unlocks next week, keep an eye on these tokens with significant unlock amounts: Space ID, ImmutableX (IMX), Manta (MANTA), Pixels (PIXEL), dYdX (DYDX).
5 Important Token Unlocks to keep an eye on next week:
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Space ID (ID)
Unlock date: March 22
Number of unlocked tokens: 78,490,000 ID
Current circulating offer: 430 506 132 ID
Space ID is a universal decentralized identification protocol that connects people, assets and dApps across different blockchains. The platform allows you to use one domain name to represent your identity across all separate applications and networks. On March 22, the project will unlock more than 78 million ID tokens , which will be distributed between the Space ID Foundation and participants in several rounds of sales.
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ImmutableX (IMX)
Unlock date: March 22
Number of tokens unlocked: 34,190,000 IMX
Current circulating supply: 1,389,224,659 IMX
Immutable X is a layer two ( L2 ) solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million in just an hour as part of the IMX token sale on the CoinList platform, then closed an investment round of $60 million, and in March 2022 received another $200 million from ParaFi Capital, Declaration Partners, Tencent Holdings and others companies. More than half of IMX’s supply is still locked up. The tokens unfrozen on March 22 will be received by developers and participants in the private round of financing.
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Manta (MANTA)
Unlock date: March 18
Number of tokens unlocked: 6,670,000 MANTA
Current circulating supply: 251,000,000 MANTA
Manta Network is a modular blockchain for zero-knowledge (ZK) applications. It includes two networks:
Manta Pacific is a modular L2 ecosystem for EVM-native ZK applications and dApps that want to provide the lowest cost and best experience for users
Manta Atlantic is the fastest L1 blockchain on Polkadot that provides programmable ZK privacy IDs and on-chain credentials via zkSBTs
Unlocked at the end of next week, MANTA tokens are intended for participants in the public round of sale.
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Pixels (PIXEL)
Unlock date: March 19
Number of tokens unlocked: 54,380,000 PIXEL
Current circulating offer: 771,041,667 PIXEL
Pixels is a multiplayer game on the Ronin blockchain. The PIXEL token is used as in-game currency and for community management. Its holders can mint NFTs, buy items and VIP passes, join guilds and take part in voting on project development issues.
On March 19, the platform team will unlock more than 54 million tokens. Some of them will be distributed between the treasury and advisors, and the remaining coins will be reserved for rewards for community members.
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dYdX (DYDX) Token
Unlock date: March 19
Number of tokens unlocked: 575,430 DYDX
Current circulating offer: 300,861,404 DYDX
In early 2023, the largest decentralized derivatives trading protocol, dYdX, announced changes to the project’s original tokenomics. According to the update, 30% of DYDX’s total supply will go to early investors, another 30% will be distributed between the team and community reserves, 28% will be used to reward traders and liquidity providers, and the remainder will go to future employees, miners, and stabilization funds. Currently, about 30% of the total supply of 1 billion DYDX is in circulation. The remaining token unlocks will be done in small increments over the next three years.
