Early Christmas gifts for crypto traders? Apparently, this unlocking dYdX tokens, 1inch, Optimism and Aptos will delight them given the scale of the amount announced. Details !
750 million dollars in cryptocurrencies soon on the market
While centralized exchanges (CEX) are swimming in troubled waters, as is the case with Binance, decentralized exchanges are emerging from the silence. dYdX, for example, will free up half a billion dollars to cheer up its investors.
“ Token Unlock Update
dYdX Trading Inc., dYdX Foundaiton and certain parties to the token purchase warrants have signed an amendment to, among other things, postpone the initial deliberation date applicable to investors’ $DYDX tokens to 1er December 2023. »
According to Cointelegrapha handful of crypto companies including dYdX, 1inch, Optimism and Aptos will carry out a big crypto asset unlock of around $750 million. DYdX, which is a decentralized exchange or CEX, plans to release 150 million native tokens, DYDX, which represents approximately 500 million dollars.
Here’s what the team behind dYdX Trading Inc. had to say on this topic:
“ dYdX Trading Inc., dYdX Foundation and certain parties to the Token Purchase Warrants (‘Warrants’) holding a sufficient number of DYDX Tokens to amend the Warrants, have signed an amendment whereby, among other things, the transfer restriction schedule applicable to DYDX tokens issued under the warrants (the ‘Tokens’) has been extended, including by postponing the initial release date (the ‘Initial Unlock Date ‘) at 1er December 2023 for all investors who are a party to the warrants. »
It should be noted that dYdX initially planned an unblocking for February 2023. However, the related press release specified that there was a postponement for February 1er December 2023. Also, there will be two other token releases in 2024: the first in January and the second in June.
Other similar initiatives
According to Token Unlocks, other crypto projects will also unlock tokens for the joy of its investors.
“ Exciting times for $1INCH.
This month, $1INCH (worth $34.17 million) will be released by the team/investor/VC firm.
According to the cumulative table, since the previous release, 26.1 million $1INCH (worth $9.29 million) has still not been released.
Unlock information with our Pro-Post-Unlock Tracking feature.
Level up now. »
In addition, Optimism and Aptos will also release token allocations:
- Optimism: 24 million OPs, or $41 million, for November 30;
- and Aptos: 25 million APT, or $180 million, this December 12.
To return to dYdX, know that it is a layer 2 which was able to deploy its native crypto, the DYDX, in August 2021, and the dYdX Chain in October 2023. Until 2026, 1 billion DYDY will not be able to do so. ‘unlock object.
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