Bittime - Gaming projects such as ApeCoin to PIxels will soon be ready to open (unlocked) tokens worth around $250 million and can be traded freely. This can affect the price of the crypto asset.
Based on data from Token Unlocks , it is estimated that nearly $250 million (around Rp. 3.6 trillion) in game tokens will be unlocked by the end of March 2024.
Why Are Tokens Locked?
Crypto projects typically lock up most of their tokens for several years. These tokens are allocated to the development team, investors, community, etc. Later, these tokens will be unlocked gradually.
Crypto traders will usually monitor this unlocking schedule. Because the number of tokens circulating on the market can affect the price.
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Game Token to be Unlocked
Here are some of the game tokens that will be unlocked in March 2024:
ApeCoin (APE)
This token is tied to the Bored Ape Yacht Club ecosystem, including the Otherside metaverse game. A total of 15.6 million APE tokens will be unlocked on March 16, worth around $38.2 million (around IDR 553 billion). This represents 2.55% of all APE tokens currently in circulation.
PIXELS
Tokens from Ronin's farming game, Pixels, will be unlocked for the first time on March 19. A total of 54.38 million PIXEL tokens will be unlocked, worth around $42.5 million (around IDR 618 billion). This represents 7% of all PIXEL tokens in circulation.
Also Read How to Buy Crypto:
Immutable X (IMX)
The Ethereum gaming platform token, Immutable , was the gaming token with the largest unlock value in March. A total of 34.19 million IMX tokens will be unlocked on March 21, worth around $117.3 million (around IDR 1.7 trillion). This represents 2.5% of all IMX tokens in circulation.
Yield Guild Games (YGG)
This token from Yield Guild Games will open 16.69 million tokens on March 27, worth around $15.9 million (around IDR 232 billion).
Parallel (PRIME)
NFT card game Parallel will unlock 1.66 million PRIME tokens on March 30, worth around $32.1 million (around IDR 468 billion).
Stepn (GMT)
Stepn's move-to-earn game will unlock GMT tokens gradually over 30 days starting from March 31. A total of 3.32 million GMT tokens will be unlocked per day, worth around $1.23 million (around IDR 18 billion) per day.
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Conclusion
Please note that unlocking these tokens can affect the price of these tokens. You should always be alert and careful before investing in crypto assets.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Apecoin (APE): Definition, Uses, and How to Buy It
PIXEL Airdrop: PIXEL Token Release Date and Latest Free Airdrop Schedule
Immutable X (IMX) Predictions According to Crypto Academy: Will IMX Continue Its Rise?
Yield Guild Games (YGG) Guide for Beginners
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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