This Week's Token Watch: LUNA Ecosystem Makes a Comeback, DYDX Facing Massive Unlock
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This Week's Token Watch: LUNA Ecosystem Makes a Comeback, DYDX Facing Massive Unlock
Kava Mainnet 15 will officially launch on December 7, after which KAVA's inflation rate will drop to zero, marking a new chapter.
Navigating Web3 tides with focused insightsBy TechFlow
Happy Monday!
TechFlow brings you a curated selection of tokens worth watching this week, along with insights into their key catalysts.
$ATOM
ATOM's inflation halving proposal has been approved, and community sentiment is highly positive. The approval of Proposal 848 has also spurred the introduction and adoption of other proposals.
$KAVA
Kava Mainnet 15 will officially launch on December 7, after which KAVA's inflation rate will drop to zero, marking a new chapter.
$AERGO
Aergo will hold a community vote on December 1 to decide on a 10:1 token split (AIP-16).
$TVK
Virtue (TVK) has been rebranded to Vanar (VANRY) and will begin trading on Binance starting December 1.
$FXS
According to the Frax whitepaper, $FXS emissions are set to halve annually on December 20. This year’s halving will take place on the 20th of next month, reducing the annual inflation rate to approximately 1%. Additionally, FraxChain is scheduled to launch in January.
$LUNA $LUNC $USTC
Recently, the LUNA ecosystem has stirred again as two former Terra team members aim to revive the legacy of LUNA and Anchor by developing a new stablecoin ecosystem called Mint Cash—a Bitcoin-collateralized stablecoin system built on the original Terra Classic codebase. Unlike the original Terra, which was purely algorithmic, Mint Cash requires Bitcoin as collateral to mint new Cash stablecoins.
To receive tokens from this new chain, users must meet one of the following criteria:
1. Hold $USTC or $LUNA before May 10, 2022—the date of Luna's collapse;
2. Stake UST;
$LINK
Chainlink Stake v0.2 is scheduled to go live on November 28.
$DYDX, $SUI, $OP, $1INCH
According to Token Unlocks data, nine projects will unlock tokens this week, releasing over $600 million in total value. Details include:
dydx (DYDX) will unlock approximately 152 million tokens over the next seven days, valued at around $520 million, representing 84.41% of circulating supply;
Sui (SUI) will unlock about 82.42 million tokens over the next seven days, valued at $52.34 million, or 8.54% of circulating supply;
Optimism (OP) will unlock approximately 24.16 million tokens on November 30 at 12:00 PM UTC, valued at $43.73 million, or 2.74% of circulating supply;
1inch (1INCH) will unlock about 98.74 million tokens on December 1 at 8:00 PM UTC, valued at $35.03 million, or 9.48% of circulating supply;
Yield Guild Games (YGG) will unlock approximately 16.69 million tokens on November 27 at 10:00 PM UTC, valued at $6.27 million, or 5.48% of circulating supply;
Nym (NYM) will unlock about 25 million tokens on November 29 at 8:00 AM UTC, valued at $3.91 million, or 4.1% of circulating supply;
SingularityNET (AGIX) will unlock approximately 9.39 million tokens on November 28 at 8:00 AM UTC, valued at $2.9 million, or 0.76% of circulating supply;
Acala (ACA) will unlock about 27.43 million tokens on December 1 at 3:00 PM UTC, valued at $1.62 million, or 3.31% of circulating supply;
Tornado Cash (TRON) will unlock approximately 175,000 tokens on December 3 at 8:00 PM UTC, valued at $665,000, or 4.62% of circulating supply.
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