Seven cryptocurrency projects are set to unveil new tokens throughout this week. Each project has strategically planned the release of their tokens to mitigate any adverse effects on the market caused by fluctuating liquidity and profit-taking by investors. The unveiling of tokens by these projects will be carried out with meticulous attention to detail and timing, aligning with their individual project blueprints.
According to data compiled by a reliable source, Xai, a forward-looking project centered around video games, will unlock a substantial portion of its total token supply, approximately 71.59%, valued at $62.9 million, on Tuesday, July 9th. Concurrently, DYDX, a decentralized exchange platform, is poised to unveil 0.68% of its total token supply, valued at $2 million, on the same day.
Moving on to July 11th, io.net (IO) and ImmutableX (IMX) are scheduled for token unlocks as well. io.net is expected to release 2.2% of its complete token supply, amounting to $4.55 million, while ImmutableX plans to launch 2.15% of its total token supply, valued at $40.6 million.
Further, on July 12th, Aptos, a Layer-1 Proof-of-Stake (PoS) blockchain project, is lined up to release 2.49% of its token supply, signifying a significant event in the project's development.