Token Unlock of the Week: MAVIA unlocks tokens worth $31 million, accounting for over 24% of the circulation.

CN
1 year ago

Next week, 7 projects will have token unlocking events. Among them, MAVIA will have a massive unlocking, accounting for 24.2% of the total amount in circulation. Other important unlocks include GAL and HFT.

The specific unlocking details are as follows:

One-week token unlocking: MAVIA unlocks tokens worth $31 million, accounting for over 24% of the circulation

Heroes of Mavia

Project Twitter: https://twitter.com/MaviaGame

Project website: https://mavia.com/

Amount unlocked this time: 7.66 million tokens

Amount unlocked this time: Approximately $31.02 million

Heroes of Mavia is a Web3 MMO strategy Play to Earn game developed by Skrice Studios. Players can lease or collaborate with landowners to acquire and build bases in the game, while using their bases and armies to battle other players for more rewards. The game interface and gameplay are similar to "Clash of Clans."

This round of unlocking is MAVIA's first round of unlocking, targeting three categories of recipients, with the majority being 4.35 million tokens for the community and ecosystem, worth $15.43 million. The rest are 2.33 million tokens for presale ($8.28 million) and 978,000 tokens for game rewards ($3.47 million). Due to the high proportion of unlocked tokens in circulation, some impact is expected.

The specific release curve is as follows:

One-week token unlocking: MAVIA unlocks tokens worth $31 million, accounting for over 24% of the circulation

Galxe

Project Twitter: https://twitter.com/Galxe

Project website: https://galxe.com/

Amount unlocked this time: 5.17 million tokens

Amount unlocked this time: Approximately $19.25 million

Galxe is a Web3 credential data network. Galxe is built on an open and collaborative infrastructure to help Web3 developers and projects utilize digital credential data and NFTs to build better products and communities.

GAL has unlocked 55% of the total amount, and it is a regular unlock, but it targets multiple recipients, including private placement ($6.26 million), first-round strategic financing ($3.44 million), second-round strategic financing ($1.81 million), advisors ($3.23 million), community ($2.07 million), and the team's $1.47 million.

The specific release curve is as follows:

One-week token unlocking: MAVIA unlocks tokens worth $31 million, accounting for over 24% of the circulation

Hashflow

Project Twitter: https://twitter.com/hashflow

Project website: https://www.hashflow.com/

Amount unlocked this time: 13.83 million tokens

Amount unlocked this time: Approximately $4.3 million

Hashflow is a decentralized exchange aimed at achieving zero slippage and MEV-protected trading. Hashflow is currently available on Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and Optimism. HFT is the native token of the Hashflow protocol and Hashverse (Hashflow's gamified governance platform).

This round of unlocking is a regular unlock targeting four categories of recipients, with the most significant being $1.67 million for the ecosystem development fund and $1.56 million for early investors.

The specific release curve is as follows:

One-week token unlocking: MAVIA unlocks tokens worth $31 million, accounting for over 24% of the circulation

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