Detailed explanation of unlocked tokens this week: 7 projects including BLUR, BIT, APE usher in unlocking

This week, BLUR, 1INCH, BIT, LOOKS, FLOW, APE, IMX; multiple tokens will be unlocked. Among them, the number of "BLUR" unlocked is astonishing. In addition, BIT, LOOKS, and APE; all ushered in a large amount of unlocking.

Blur

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Project official website:

The number of unlocks this time: 195,;999,;999;

Amount unlocked this time: (approximately) 62.33 million US dollars

After Blur was born, with its unique points and airdrop mechanism, it has always occupied an important position in the "NFT" market, and its trading volume has long been higher than that of "OpenSea."

Recently, Blur updated its points mechanism. After the mechanism is updated, various behaviors including laundering transactions can no longer be rewarded. This rule change has also aroused heated discussions in the community. After Blur; updated the points mechanism, "Brother Maji" Huang Licheng will ;2,; 941; ETH; Previously, Huang Licheng expressed his dissatisfaction with the point system, and then withdrew funds from "Blur;" and suspended point scoring.

Unlock overview:

This unlock core contributors get about; 115; million tokens, investors get about; 7,500; million tokens, consultants get about; 4.9 million;

From the perspective of token flow, this unlocking is also the first release of contributors, investors, and consultants.

This unlocking is the largest unlocking since Blur was issued, which can be clearly seen from the token release curve.

From the perspective of circulation, the current market value in circulation is only; 157; million US dollars, and this unlocking amount is as high as approximately; 62 million; million US dollars, this unlocking amount accounts for as high as; 40%; Quantity unlocked.

However, judging from the total supply, the number of tokens unlocked this time only accounts for 6.5% of the total, and it seems that the number is not huge. This is because about; 83%; of the "BLUR;" are still locked up until the "2027" year.

For more details about this unlocking, please refer to the article "Huge Unlocking is Coming, Exploring the Data Truth Behind; BLUR;".

BIT

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Project official website:

The number of unlocks this time: ;187,;500,;000;

Amount unlocked this time: (approximately) 7966; million US dollars

On the official website, BitDAO positions itself as one of the largest DAOs in the world, with a vision of open finance and a decentralized tokenized economy. According to; BitDAO; itself, the organization is not a company and has no management team or employees. Any individual, development team, or R&D lab can propose upgrades, token transactions, and partnerships for BitDAO.

But generally speaking, investors tend to regard "BitDAO" governance token "BIT" as "ByBit" platform currency.

Since its release in 2021, BIT tokens have gone through a long unlocking process, and currently only 25% of the total tokens are still locked.

As far as this unlocking is concerned, the unlocking amount this time accounts for about 12.9% of the circulating market value. Although this proportion is much lower than; BLUR;'s; 40%;, but still a high level.

However, judging from the unlocking history, this unlocking is no different from previous unlockings. Unlocks of the same scale as this one will be unlocked once a month. Investors have ample historical data to refer to.

LOOKS

Project official website:

Project Twitter:

Number of unlocks this time: 37, 500,;000;

Amount unlocked this time: (approximately); $2.04 million

One quarter after the last large-amount unlock, LOOKS; ushered in a large-amount unlock again. This unlocking accounted for 6.9% of the circulating market value.

Currently; LOOKS; unlocking is nearing completion. At the end of this year, LOOKS; tokens will be fully released.

The unlocking curve of LOOKS; is more interesting. There will be a large amount of unlocking every quarter, and a small amount of linear unlocking in the rest of the time.

APE

Project official website:

Project Twitter:

Number of unlocks this time: ;15;,;601,;326;

Amount unlocked this time: (approximately); $35.42 million

ApeCoin (APE) is the governance and utility token of the;APE; ecosystem, with a total supply of; 1 billion; The project is controlled and established by the community, ApeCoin DAO; for its governance organization, allowing all; APE; holders to vote on governance decisions. In addition to the "DAO", Yuga; also established the "APE" Foundation as the legal supervisor of the DAO; The Foundation Board of Directors consists of; 5; members.

When the token was initially issued, BAYC; holders were airdropped a large number of; APE; tokens.

APE; is famous for its publisher; Yuga Labs, and as the parent company of; BAYC;, Yuga Labs; rose to fame within the "NFT" ecosystem. Yuga; has stated that it will actively apply; APE, as the main token for all new products and services. ;In addition to; BAYC;, Yuga; also owns; CryptoPunks; and; Meebits; two major IPs.

Unlock overview:

As early as the beginning of its release, APE; received a lot of attention because of its high topicality. And its large number of positions and reserved tokens also caused it to be criticized for a while. APE Token Economics shows that 47% of its tokens are held in vaults. Even today, almost two years after the token launch, APE; tokens still; 54%; are still locked.

The unlocked amount this time accounts for 4.2% of the circulation and 1.56% of the total supply.

In this unlocking, the treasury is the biggest destination for unlocking. This time, 15.6 million pieces were unlocked, of which 7.34 million pieces went to the treasury. In addition, Yuga Labs; and; Yuga Labs Founders; received; 7.34; million and; 4.17; million tokens, respectively. The rest of the tokens go to contributors and charities.

From the point of view of the release model, this unlock is not larger than the previous unlocks, and such unlocks will happen once a month.

In addition to unlocking, its "APE" pledge situation may be more worthy of attention.

After this unlocking, the number of APE; pledge allocations will be reduced from 3000; 10,000 to 20 million. **APE; the number of tokens for staking rewards is reduced, **this will reduce the staking income of the;APE; standard.