One-week token unlock: ARB unlocks $110 million worth of tokens

Next week, 15 projects will have token unlocking events. This week, a large number of tokens were unlocked at a high rate, including ARB, STRK, AXS, IMX, etc.

The specific unlocking details are as follows:

Decision

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Number of unlocked tokens this time: 99.68 million

Amount unlocked this time: Approximately US$116 million

Arbitrum is an Ethereum Rollup designed to improve the scalability of Ethereum. It aggregates and processes off-chain transactions before submitting individual transactions to the Ethereum mainnet. This means that users can enjoy faster and cheaper transactions while still benefiting from the security and decentralization of the Ethereum network. Arbitrum’s native token is ARB. ARB holders can participate in the decision-making process, such as proposing and voting on protocol upgrades or changes.

This round of unlocking is only for the team and investors, of which the team will be allocated 56.13 million ARB, worth about 79.7 million US dollars, and investors will unlock 36.52 million tokens, worth about 51.8 million US dollars. The subsequent release will maintain a similar speed.

The specific release curve is as follows:

Starknet

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Number of tokens unlocked this time: 64 million

Amount unlocked this time: Approximately 94.72 million US dollars

Starknet is Ethereum’s Layer 2, using zk-STARKs technology to make Ethereum transactions faster and less expensive. StarkNet’s parent company, StarkWare, was founded in 2018 and is headquartered in Israel. Its main products include Starknet and StarkEx. By using STARK, Starknet verifies transactions and calculations without requiring all network nodes to verify each operation. This significantly reduces the computational burden and increases the throughput of the blockchain network.

This unlocking is the first unlocking since the launch of the token. 33.57 million tokens will be unlocked for early contributors and 30.43 million tokens will be unlocked for investors, with a value of US$61.43 million and US$55.69 million respectively.

The specific release curve is as follows:

Axie Infinity

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Number of unlocked tokens this time: 10.87 million

Amount unlocked this time: Approximately 86.3 million US dollars

Axie Infinity is a card game developed by Sky Mavis that allows players to breed, raise, battle, and trade Axie creatures. Players can use Axie Infinity in Adventure or Arena mode to earn two tokens, AXS and SLP. AXS is a governance token that allows token holders to vote on the future development of the game. SLP is the token used to breed Axies in the game.

The unlocked amount of AXS accounts for 74% of the total amount. This unlocking mainly includes 6.08 million AXS for the team, worth 58.15 million US dollars. In addition, there are unlocked rewards, totaling 3.1 million AXS, worth 29.63 million US dollars, and 1.69 million AXS for the fund, worth 16.13 million US dollars.

The specific release curve is as follows:

Immutable X

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Number of unlocked tokens this time: 34.19 million

Amount unlocked this time: Approximately 74.54 million US dollars

Immutable X is an NFT Layer 2 scaling solution on Ethereum. Using zk-rollup technology, Immutable X aims to solve the high gas fee and scalability issues when minting and trading NFTs. It features instant transaction confirmation, extremely low gas fees, and high scalability.

The unlocked amount of IMX accounts for 72% of the total amount. It is currently in the regular unlocking period. The unlocking is aimed at three categories of objects, namely 15.91 million for ecological development (fund), 9.62 million for project development and 8.66 million for private placement, with a value of US$40.74 million, US$24.62 million and US$22.17 million respectively.

The specific release curve is as follows: