Next week, 9 projects will have token unlocking events. ALT will have a 5% super-circulation token unlocking, and the remaining high-proportion unlocking projects include YGG, PORTAL, OP, etc., but the amounts are relatively small.
The specific unlocking details are as follows:
AltLayer
Project Twitter: https://twitter.com/alt_layer
Project website: https://altlayer.io/
Amount unlocked this time: 105 million tokens
Amount unlocked this time: approximately $19.9 million
AltLayer is an open, decentralized Rollups protocol that combines the concept of Restaked rollup. It adopts existing rollups (derived from any rollup stack, such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, etc.) and provides them with enhanced security, decentralization, interoperability, and fast finality. In addition, AltLayer also provides services for temporary execution layers.
This round of unlocking is a regular linear unlocking for ALT. Since the current circulation accounts for only 15% of the total, the release proportion is relatively large, and the next release will be on July 25th, with a much larger proportion than the current one. This round of unlocking consists of 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 unlocked this time: 16.7 million tokens
Amount unlocked this time: approximately $10.89 million
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in NFTs based on virtual world and blockchain games.
YGG has unlocked 64% of the total amount, and the unlocking speed is continuously slowing down. This round of unlocking is aimed at the community, founders, investors, and 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:
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