Which tokens will be unlocked from March 18 to March 24, 2024

Typically, the team carefully works out the tokenomics so as not to cause a lot of selling pressure at various stages of the unlock and thereby not bring down the price of the token. However, some factors, for example, a lack of liquidity or profit-taking by early investors immediately after the tokens are unlocked, can seriously affect the asset’s quotes.

Here's a look at the five most important unlocks to watch next week.

1. Manta (MANTA)

• Unlock date: March 18
• Number of tokens unlocked: 6,670,000 MANTA
• Current circulating supply: 251,000,000 MANTA

Manta Network is a modular blockchain for zero-knowledge (ZK) applications. It includes two networks:

• Manta Pacific is a modular L2 ecosystem for EVM-native ZK applications and dApps that want to provide the lowest cost and best experience for users
• Manta Atlantic is the fastest L1 blockchain on Polkadot that provides programmable ZK privacy IDs and on-chain credentials via zkSBTs

Unlocked at the end of next week, MANTA tokens are intended for participants in the public round of sale.

2. Pixels (PIXEL)

• Unlock date: March 19
• Number of tokens unlocked: 54,380,000 PIXEL
• Current circulating offer: 771 041 667 PIXEL

Pixels is a multiplayer game on the Ronin blockchain. The PIXEL token is used as in-game currency and for community management. Its holders can mint NFTs, buy items and VIP passes, join guilds and take part in voting on project development issues.

On March 19, the platform team will unlock more than 54 million tokens. Some of them will be distributed between the treasury and advisors, and the remaining coins will be reserved for rewards for community members.

3. dYdX (DYDX)

• Unlock date: March 19
• Number of tokens unlocked: 575,430 DYDX
• Current circulating offer: 300 861 404 DYDX

In early 2023, the largest decentralized derivatives trading protocol, dYdX, announced changes to the project's original tokenomics. According to the update, 30% of DYDX's total supply will go to early investors, another 30% will be distributed between the team and community reserves, 28% will be used to reward traders and liquidity providers, and the remainder will go to future employees, miners, and stabilization funds.

Currently, about 30% of the total supply of 1 billion DYDX is in circulation. The remaining tokens will be unlocked in small increments over the next three years.

4. ImmutableX (IMX)

• Unlock date: March 22
• Number of tokens unlocked: 34,190,000 IMX
• Current circulating supply: 1,389,224,659 IMX

Immutable X is a layer two (L2) solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million in just an hour as part of the IMX token sale on the CoinList platform, then closed an investment round of $60 million, and in March 2022 received another $200 million from ParaFi Capital, Declaration Partners, Tencent Holdings and others companies. More than half of IMX's supply is still locked up. The tokens unfrozen on March 22 will be received by developers and participants in the private round of financing.

5. Space ID (ID)

• Unlock date: March 22
• Number of unlocked tokens: 78,490,000 ID
• Current circulating offer: 430 506 132 ID

Space ID is a universal decentralized identification protocol that connects people, assets and dApps across different blockchains. The platform allows you to use one domain name to represent your identity across all separate applications and networks. On March 22, the project will unlock more than 78 million ID tokens, which will be distributed between the Space ID Foundation and participants in several rounds of sales.