Altcoin lock expansions in the crypto currency market mean that the tokens, which were previously locked for a certain period of time, are circulated. This development may affect market liquidity, price movements and general investor sensitivity. The altcoin lock expansions to be watched this week are as follows:
Locks open in XAI, MOCA, AGI and more
Xai is a Layer 3 game blockchain that uses the safety of Ethereum (Layer 1) and the scalability of Arbitrum (Layer 2). On March 9, 35.89 million XAI token will be released and approximately 17.33 million of these tokens will be allocated to investors. In addition, 11.9 million token will be reserved for the team. The rest will be distributed to the Xai ecosystem and reserve. On the other hand, MoCa Network will also perform Unlock. This project is a digital identity infrastructure that provides asset management among web2 and web3 ecosystems. With the opening of 178,51 million MOCA token, the market will gain additional liquidity of $ 17.36 million. The largest part of the tokens (93.32 million MOCA) will be divided into network incentives, 37.04 million will be used for liquidity and 33.33 million will be allocated to the ecosystem.
In Delysium (AGI), a blockchain project aimed at creating an artificial intelligence and a virtual world where people can exist together, 66.48 million AGE token will circulate this week. 34.37 million of the tokens will be allocated to the treasury, 24 million teams and the rest for strategic sales. In addition, Chelee, a gamefi video platform where users interact with content and won awards, has a lock opening. With this lock expansion, 2,67 million Cheel Token will be released and most of them will be reserved for liquidity (2.64 million).
XAve is a defi platform that focuses on decentralized foreign exchange markets (FX). Coin will be opened on March 11, 279,18 million XAV token. While most of the tokens are divided into teams, investors and treasury, 4.06 million will be added to the centralized (Dex) and its central (CEX) stock markets and 6.19 million will be given as a reward for those who provide liquidity.
What are the other Altcoin lock expansions?
In addition, other large token lock expansions that may be effective in the markets this week are as follows:
- APTOS (APT):11,31 million token (63,22 million dollars) – March 13
- Polyhedra Network (ZKJ):17,22 million token ($ 35,48 million) – March 14
- Starknet (Strk):64 million token (10 million dollars) – March 15
- Connex (Conx):4.33 million token (73.48 million dollars) – March 15
- Onyxcoin (XCN):296 million token (3,63 million dollars) – March 15
- Sei (sei):55,56 million token (11,18 million dollars) – March 15
- Arbitrum (ARB):92.65 million token (32.6 million dollars) – March 16
