代币解锁周报｜总供应量 2% 的 HOP 代币将于本周一次性解锁

Tokens such as LQTY, GAL, TORN, DYDX, HFT, EUL, and HOP will be unlocked in different proportions this week.

Written by: Peng SUN, Foresight News

Data & Image Source: Token Unlocks

As an integral part of Tokenomics, Token Unlocks (also known as release schedule) refers to the process of releasing locked tokens to the market within a set period of time, the purpose of which is to ensure that the team, investors It is consistent with the incentive mechanism among community users. Token unlocking (especially one-time unlocking) may bring selling pressure in the market, which in turn will lead to significant fluctuations in token prices. Therefore, investors should pay attention to risks before and after the token unlocking node.

Generally speaking, token unlocking can be divided into linear unlocking (Linear Unlocks) and one-time unlocking (Cliff Unlocks). One-time unlocking means that tokens are locked until a specific event or date occurs, and all locked tokens will be released at once. Under normal circumstances, the tokens airdropped by the project party are part of the “one-time unlock”. Linear unlocking means that tokens are released daily at a stable and fixed rate over a period of time. Liquidity incentives are usually included in linear unlocking.

According to the data compiled by Token Unlocks, this week (June 5th to June 11th, 2023) LQTY (Liquity), GAL (Galxe), TORN (Tornado Cash), DYDX (dYdX), HFT (Hashflow), EUL (Euler), HOP (Hop Protocol), GLMR (Moonbeam), 1INCH (1inch) tokens will usher in a one-time unlock node:

LQTY（Liquity）

The Liquity token LQTY will unlock 657,350.91 pieces (approximately $820,000) at 08:00:00 on June 5, accounting for 0.657% of the total supply;

Galxe token GAL will unlock 416,666.66 pieces (approximately 560,000 USD) at 20:00:00 on June 5th, accounting for 0.208% of the total supply;

TORN（Tornado Cash）

Tornado Cash token TORN will unlock 175,000 pieces (about 680,000 USD) at 11:29:50 on June 6, accounting for 1.75% of the total supply;

DYDX（dYdX）

The dYdX token DYDX will unlock 6,520,128 pieces (about 13.76 million USD) at 23:00:00 on June 6, accounting for 0.652% of the total supply;

HFT（Hashflow）

Hashflow token HFT will unlock 3,230,889.22 pieces (about 1.49 million USD) at 08:00:00 on June 7th, accounting for 0.323% of the total supply;

EUL（Euler）

Euler token EUL will unlock 143,356 pieces (about 270,000 USD) at 02:07:58 on June 8, accounting for 0.527% of the total supply;

HOP（Hop Protocol）

The Hop Protocol token HOP will unlock 20,000,000 pieces (about 1.57 million USD) at 14:30:00 on June 9th, accounting for 2% of the total supply;

GLMR（Moonbeam）

Moonbeam token GLMR will unlock 3,041,666.68 pieces (about 870,000 USD) at 08:00:00 on June 10, accounting for 0.304% of the total supply;

1INCH（1inch）

FIL（Filecoin）

517,638 Filecoin tokens FIL (approximately US$2.48 million) are unlocked every day, and 56.96% of them are still not unlocked;

UNI（Uniswap）