Weekly Token Unlock: VENOM has begun the initial unlock, with this week's released tokens accounting for 2.9% of the Circulating Supply.

This week, a total of 6 projects have undergone Token unlocking, among which the unlocking ratio of VENOM is relatively high at 2.9% of the Circulating Supply, but the amount is small at 6.94 million USD. In addition, the unlocking ratio of MOCA is 2.3% of the Circulating Supply.

Venom

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Unlock Quantity: 59.32 million pieces

The amount unlocked this time: approximately 6.94 million USD

Venom is a Turing-complete proof-of-stake blockchain that uses a Byzantine fault-tolerant consensus algorithm for block validation and creation, as well as network security, and employs dynamic sharding to increase its transaction throughput and network capacity.

VENOM has begun preliminary unlocking, with a current Circulating Supply of 28%. The unlocking targets are as follows: ecosystem 17.94 million tokens (2.1 million USD), community 1,584 tokens (186,000 USD), early supporters 15 million tokens (1.76 million USD), and team 10.5 million tokens (1.23 million USD).

The specific release curve is as follows:

Mocaverse

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Total unlocked amount: 44.22 million coins

Amount unlocked this time: approximately 4.51 million USD

Mocaverse is a metaverse product under Animoca Brands that is building Web3 native tools to enhance the capabilities of products in the gaming, culture, and entertainment verticals, allowing users to create their own digital identities, accumulate reputation, earn and spend loyalty points, and use their digital identities to access the Mocaverse ecosystem supported by over 450 portfolio companies and partner networks of Animoca Brands.

The MOCA unlock ratio is 32% (unchanged from last week), with a primarily linear unlock throughout. Next week, there will be a Cliff unlock of 2.43 million tokens for community sales, worth $249,000.

The specific release curve is as follows: