Sales of the Trump-related token WLFI are opening, fresh data on the state of the labor market is being published in the United States, and the deadline for registering participants in the WCT airdrop is coming to an end – we are talking about the main events of this week of October 14 – 20 in one material.
Token unlocks – all week
The beginning of the week again pleases investors with a new portion of major unlocks, which the community always awaits with great interest.
The most notable will be the unlocking of more than 92 million Arbitrum (ARB) tokens.
WLFI sales start – October 15
On Tuesday, the sale of tokens begins for World Liberty Financial (WLFI), a crypto project supported by US presidential candidate Donald Trump.
Here’s how the developers plan to distribute the emission of tokens:
- 63% of WLFI tokens are for sale to the general public
- 17% – for user rewards
- 20% – to the project team
At the same time, only qualified investors who will undergo KYC verification procedures will be able to buy cryptocurrency. Of the participants who meet all the requirements, the platform team creates a white list.
According to cryptans, this rule already discredits the main idea of World Liberty Financial – to offer an alternative to traditional financial institutions, as well as to democratize access to finance for citizens.
US Jobless Claims – October 17
This Thursday will be published report on the number of applications left by US citizens for unemployment benefits. This data is collected and processed by the US Department of Labor on a weekly basis, and is therefore quite volatile.
Despite some weakening of the labor market, the unemployment rate remains low. Typically, rising employment and rising wages indicate tightness in the labor market, which can contribute to higher inflation. At the same time, a significant weakening of the labor market may interest some investors in cryptocurrencies.
It is worth noting that actual numbers exceeding expectations are considered a negative/bear market for the US dollar. Indicators below expectations, on the contrary, indicate a positive/bullish mood for the USD.
The end of registration for participation in the WCT airdrop is October 18
This Friday is the last day for interested community members to apply for WalletConnect’s WCT token airdrop.
Registration started on September 24th. On Friday, the project team will begin checking the lists of participants, and the drop itself should take place in November of this year. According to official announcement blog, 18.5% of all tokens (185 million WCT) will be distributed among community members.
At the end of last week, the airdrop announced another project – the Telegram game X Empire. The Tapalki team promises to launch Coin X this month – October 24th.
Conclusions
This week we are expecting several important events: token unlocks, the start of sales of a new cryptocurrency and the imminent airdrop of WCT tokens. All of them are capable of lifting the mood of the crypto market.
In addition, investors and traders will, as always, have to keep a close eye on the US market this week. The publication of fresh data on the state of the labor market in the country may have an impact on the health of the digital asset market.
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Source: Cryptocurrency
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