{"id":303789,"date":"2023-02-28T21:57:25","date_gmt":"2023-02-28T21:57:25","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=303789"},"modified":"2023-02-28T22:00:32","modified_gmt":"2023-02-28T22:00:32","slug":"about-650m-in-token-unlocks-scheduled-for-march","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/about-650m-in-token-unlocks-scheduled-for-march\/","title":{"rendered":"About $650M in token unlocks scheduled for March"},"content":{"rendered":"

Eighteen projects scheduled their unlocks to take place in March, which will release about $650 million worth of tokens into circulation, according to Token Unlocks data<\/a>.<\/p>\n

Of these 18, six projects will unlock their tokens on the first day of the month. Over $224.7 million worth of assets will be released into the market on the first day, which accounts for 34.5% of the total amount to be unlocked during March.<\/p>\n

Unlocks scheduled for March 1<\/h2>\n

Euler (EUL), STEPN (GMT<\/a>), Hedera (HBAR<\/a>), Acala (ACA<\/a>), 1inch (1INCH<\/a>), and Galxe (GAL<\/a>) will unlock their tokens on the first day of the month.<\/p>\n

HBAR unlock<\/a> will be the largest one during March. On the first day of the month, the project will release over 3 million HBAR tokens worth over $218 million.<\/p>\n

EUL will<\/a> go under a cliff unlock, releasing $201,600 worth of EUL each day until the total amount reaches $885,368. Similarly, GMT will<\/a> release $221,932 daily with a linear unlock schedule.<\/p>\n

ACA, 1INCHi, and GAL will release $4.2<\/a> million, $37,128<\/a>, and $1.1 million<\/a> worth of tokens, respectively.<\/p>\n

Rest of the month<\/h2>\n

Nym (NYM<\/a>) will unlock<\/a> $1.3 million worth of tokens on March 3, which accounts for 0.5% of its total supply. On March 8, Tornado Cash (TORN<\/a>) is expected<\/a> to release 175,000 tokens worth $1.4 million.<\/p>\n

Moonbeam (GLMR<\/a>), Aptos (APT<\/a>), Sweat Economy(SWEAT<\/a>), dYdX (DYDX<\/a>), and BitDAO (BIT<\/a>)\u00a0 scheduled their unlocks for March 11, 12, 13, 14, and 15, respectively. GLMR will release<\/a> $89,100 worth of tokens every day until the total reaches $4.27 million. SWEAT will<\/a> also go under a cliff unlock by releasing a total of $1.5 million by unlocking $72,900 daily.<\/p>\n

APT, DYDX and BIT will release $54.8 million<\/a>, $19.6 million<\/a>, and $109.8 million<\/a>, respectively. BitDAO will release over 187 million BIT tokens worth $109,882,313 and mark the third-largest unlock of the month.<\/p>\n

ApeCoin (APE<\/a>) and Stargate Finance (STG<\/a>) scheduled their unlocks for March 17. ApeCoin will release<\/a> $205 million worth of tokens, which will be the second-largest unlock of the month. On the other hand, STG will<\/a> go under a linear unlock period by releasing $576,923 daily.<\/p>\n

Finally, LooksRare (LOOKS<\/a>), Immutable X (IMX<\/a>), and Yield Guild Games (YGG<\/a>) will unlock $2.3 million<\/a>, $19.2 million<\/a>, and $5.2 million<\/a> worth of tokens on March 24, March 25, and March 27, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eighteen projects scheduled their unlocks to take place in March, which will release about $650 million worth of tokens into circulation, according to Token Unlocks data. Of these 18, six projects will unlock their tokens on the first day of the month. Over $224.7 million worth of assets will be released into the market on […]<\/p>\n","protected":false},"author":1262,"featured_media":293116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77968,76736],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nAbout $650M in token unlocks scheduled for March<\/title>\n<meta name=\"description\" content=\"Unlocks scheduled for the first of March to release a total of $229 million worth of tokens, accounting for over 34% of the monthly amount.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/about-650m-in-token-unlocks-scheduled-for-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"About $650M in token unlocks scheduled for March\" \/>\n<meta property=\"og:description\" content=\"Unlocks scheduled for the first of March to release a total of $229 million worth of tokens, accounting for over 34% of the monthly amount.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/about-650m-in-token-unlocks-scheduled-for-march\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-28T21:57:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-28T22:00:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/token-unlock-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/about-650m-in-token-unlocks-scheduled-for-march\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/about-650m-in-token-unlocks-scheduled-for-march\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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