One-week token unlocking: MODE welcomes its first unlocking, XAI enters a high-speed unlocking period

Next week, 9 projects will have token unlocking events. MODE has a higher unlocking ratio, but a lower market value. XAI is a token with a relatively high market value and unlocking ratio.

Mode Network

Project Twitter: https://twitter.com/modenetwork

Project website: https://www.mode.network/

Number of tokens unlocked this time: 185 million

Amount unlocked this time: Approximately 3.71 million US dollars

Mode Network is a modular Layer 2 network focused on the DeFi track, built on Optimisms Bedrock upgrade. Mode has designed a contract revenue sharing incentive at the protocol layer, and DApps and users that extend the Mode blockchain will directly receive a portion of the network sequencers profits.

This unlocking is the first unlocking since the token was launched. It is airdropped to developers and users with a total of 185 million tokens, worth about 3.71 million US dollars. Since the circulation is only 11% of the total, this unlocking has a greater impact.

The specific release curve is as follows:

Xai

Project Twitter: https://twitter.com/XAI_GAMES

Project official website: https://xai.games/

Number of unlocked tokens this time: 35.9 million

Amount unlocked this time: Approximately 9.55 million US dollars

Xai is the first Layer 3 blockchain in the Arbitrum ecosystem, designed to onboard traditional gamers to web3 gaming. Xai empowers traditional gamers to participate in open exchanges, enabling them to trade in-game items in their favorite games without having to interact with a crypto wallet. The Xai network is open and decentralized, enabling anyone to operate a node, earn network rewards, and participate in governance.

XAI enters high-speed unlocking period, unlocking 17.33 million tokens (worth $4.98 million) for investors, 11.90 million tokens (worth $3.42 million) for the team, 3.38 million tokens (worth $970,000) for the reserve treasury, and 3.27 million tokens (worth $940,000) for the ecological fund

The specific release curve is as follows:

Immutable X

Project Twitter: https://twitter.com/Immutable

Project official website: https://imx.community/

Number of unlocked tokens this time: 32.22 million

Amount unlocked this time: Approximately 41.57 million US dollars

Immutable X is an NFT Layer 2 scaling solution on Ethereum. Using zk-rollup technology, Immutable X aims to solve the high gas fee and scalability issues when minting and trading NFTs. It features instant transaction confirmation, extremely low gas fees, and high scalability.

Currently, IMX is unlocked in a regular linear manner, with 16.56 million (worth $22.69 million) unlocked for the project development fund and 15.91 million (worth approximately $21.8 million) unlocked for the ecological development fund.

The specific release curve is as follows: