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One-week token unlocking: XAI token unlocking this time accounts for 71.7% of the circulation

One-week token unlocking: XAI token unlocking this time accounts for 71.7% of the circulation

Odaily2024/07/07 04:40
By:Odaily

Next week, 7 projects will have token unlocking events. Xai will have a huge amount of unlocking, while the remaining projects will have a smaller unlocking ratio.

One-week token unlocking: XAI token unlocking this time accounts for 71.7% of the circulation image 0

Xai

Project Twitter: https://twitter.com/XAI_GAMES

Project official website: https://xai.games/

Number of tokens unlocked this time: 198 million

Amount unlocked this time: Approximately 57.18 million US dollars

Xai is the first Layer 3 blockchain in the Arbitrum ecosystem, designed to onboard traditional gamers to web3 gaming. Xai empowers traditional gamers to participate in open exchanges, allowing them to trade in-game items in their favorite games without having to interact with a crypto wallet. The Xai network is open and decentralized, enabling anyone to operate a node, earn network rewards, and participate in governance.

The current circulation of Xai is 12% of the total. This round of unlocking is the first unlocking since the token was launched. It is mainly for investors and teams. The former unlocked 104 million tokens, worth 33.66 million US dollars, and the latter unlocked 71.43 million tokens, worth 23.13 million US dollars, accounting for 63.29% of the circulation. The remaining ones are 19.64 million for the ecosystem and 3.38 million for the reserve treasury.

The specific release curve is as follows:

One-week token unlocking: XAI token unlocking this time accounts for 71.7% of the circulation image 1

io.net

Project Twitter: https://x.com/ionet

Project official website: https://io.net/

Number of unlocked tokens this time: 2.87 million

Amount unlocked this time: Approximately 5.83 million US dollars

io.net is a decentralized AI computing and cloud platform. By aggregating GPU supply from underutilized resources, io.net creates a network that allows machine learning (ML) startups to access nearly massive computing power at a fraction of the cost of traditional clouds.

This round of unlocking is IO’s second Cliff unlocking, all of which are released for “scientific research and ecology”, with a total value of US$5.83 million (all unlocked for the community last week).

The specific release curve is as follows:

One-week token unlocking: XAI token unlocking this time accounts for 71.7% of the circulation image 2

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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