3 Tokens unlocked for the second week of July

As we enter the second week of July, the crypto market is preparing to welcome a wave of token unlocks. This week, three major ecosystems including Cheelee (CHEEL), Immutable X (IMX), and Aptos (APT) will have a significant issuance of new tokens.

Below is detailed information about each project that investors need to pay attention to:

1. Aptos (APT)

Aptos is a layer-1 blockchain developed based on Facebook’s Move programming language (Meta). The main goal of Aptos is to provide users with a platform that offers higher scalability, security, availability, and reliability.

On July 12, the network will issue 11.31 million APT into the crypto market, with a total value of 50 million USD, representing 1.75% of the current circulating supply. Aptos is expected to reward the majority of these tokens to the community and allocate about 10% for staking rewards.

2. Immutable (IMX)

Immutable X is the Layer-2 scaling solution of Ethereum, specifically designed for NFTs, utilizing zero-knowledge rollups technology. This platform allows minting and trading of NFTs without gas fees, while providing instant transaction finality and high throughput with over 9,000 transactions per second.

On July 11th, Immutable will unlock 124 million IMX tokens, worth over 10 million USD, equivalent to 1.31% of the project’s total market capitalization. The majority of the unlocked tokens will be allocated for ecosystem development, while about 5% will be allocated for public sale.

3. Cheelee (CHEEL)

Cheelee is a social media platform that rewards users and content creators through viewing and producing content. The platform also has an NFT ecosystem, allowing users to buy, sell, upgrade, mint, stake, and collect NFT Glasses. The internal token CHEEL is used for governance, upgrading NFTs, and transactions within the app.

Cheelee will unlock 2.67 million CHEEL tokens on July 10, with a total value of approximately 13.4 million USD. The majority of the unlocked tokens will be allocated as Cheelee rewards.

In addition, other notable token unlocks that investors may pay attention to this week include Delysium (AGI), Moca (MOCA), and Xave (XAV).

Mr. Giáo