$900M in vested tokens set to be released in February
)
The digital asset market is actively working toward issuing nearly $900 million worth of tokens in February, with Avalanche, Aptos, and The Sandbox leading the way.
Cryptocurrency vesting is the procedure of locking digital assets for a predetermined time before users can fully access them or transfer them from their wallets. This practice is intended to discourage early investors from quickly dumping their tokens for profit and quickly exiting the market, as well as to encourage long-term involvement in the project.
According to Token Unlocks, approximately $900 million worth of tokens will be issued in February. Some of the tokens that will be put into circulation include Avalanche, Aptos, SANDBOX, Optimism (OP), and Sui (SUI).
Among the projects planning to issue tokens, Avalanche will unlock the largest number. In the near future, on February 22, the release of 9.5 million tokens of the proof-of-stake (PoS) blockchain project is expected. At the time of writing, the tokens are worth about $320 million. Token Unlocks noted that the tokens will be distributed among the Avalanche Foundation, the project's strategic partners, team members, and the airdrop.
Level 1 blockchain Aptos will launch 24.8 million crypto tokens on February 11, which is approximately $233 million at current market prices. About $180 million of tokens are distributed between the main participants and investors, and another $39 million of tokens are distributed between the community and the fund.
Meta-project The Sandbox is set to unlock 209 million tokens worth approximately $90 million. More than $40 million of tokens have been allocated to the company's reserves, and the rest will be unlocked for its team and consultants on February 14th.
On February 29, Optimism will present 24 million OP tokens worth approximately $70 million to its main contributors and investors. Meanwhile, Sui will release 53 million tokens worth $53 million for its public access program.
Tokenomics suggests that a sudden increase in the supply of tokens in circulation could negatively impact cryptocurrency market prices.
)
)
)