Next week, a large amount of token lock expansion will take place in the crypto market. A significant amount of token will be released especially for Berachain (Bera), The Sandbox (Sand) and Chelee (Cheel). This may cause volatility in the price movements of the related projects.
Berarachain (bera) lock opening
- Lock Opening Date:February 10
- Token amount to be opened:12.98 million bera
- Current Circulatory Supply:107.48 million bera
Berachain is a layer of layer-1 block chain network that works compatible with Ethereum Virtual Machine (EVM) and uses the consensus mechanism called Proof of Liquidity. The network has recently launched its main network and listed bera on large stock exchanges such as Binance and Bitget.
12.98 million Bera Token will be opened on February 10th. Most of these tokens will be used for ecosystem development activities by dividing the “Request for Broposposal” initiative. In addition, 1,25 million Bera Token will be distributed as a social Airdrop.
The Sandbox (Sand) Token Lock Operation
- Lock Opening Date:February 14
- Token amount to be opened:205,59 million sandals
- Current Circulatory Supply:2,45 billion sands
The Sandbox operates as an Ethereum -based metavers and game ecosystem. Sand is used for intra -platform purchases and governance. Currently, it is the second largest Metaverse Token.
205,59 million sand lock will be opened on February 14th. 96.84 million of them will be added to the company reserve, and the rest will be distributed to teams and consultants. This large supply increase can increase sales pressure in the short term.
Cheleee (Cheel) Token Lock Opening
- Lock Opening Date:February 10
- Token amount to be opened:2,67 million Cheel
- Current Circulatory Supply:56.8 million Cheel
Chelee is a gamefi -based video content platform and offers an ecosystem in which users won awards by watching video. Cheel is used as both a payment tool and governance mechanism.
On February 10, 2.67 million Cheel will be released. Most of these tokens are allocated to provide liquidity, while a small part will be distributed for community Airdrops.
