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Dec 6 9 tweets 2 min read
💥 $1INCH vesting unlock approaching 💥

On December 30, @TokenUnlock's calendar shows that over $111.5m worth of #1INCH network tokens will become vested, representing nearly 15% of the total supply.

A thread 🧵
/1 In December 2020, 1INCH released 6% of its token supply into circulation. The total supply of 1INCH is capped at 1.5 billion, with tokens becoming available through vesting every six months from January 2020 to December 2024.
/2 As of December 30, the second and final vesting for the year 2022 will take place. CoinMarketCap and Coingecko estimate that there are currently about 668,975,312 1INCH tokens in circulation.
/3 Additionally, there are roughly 888,750,000 1INCH locked up in the contract for locking. After the unlocking is complete in January 2023, about 890,000,000 1INCH will be in circulation, representing 59% of the network's total supply.
/4 However, it's worth noting that the June 1INCH token release saw a drop of over 25% in the exchange price of the coin, from $0.81 to $0.60. A whale reportedly deposited over 15 million 1INCH on Binance just days before the unlocking event, causing prices to drop.
/5 Recently, the same whale deposited over 15 million 1INCH on December 2nd, leading to a 3% drop in prices. Representatives from the 1INCH network said the tokens were not theirs, but belonged to some of the network's backers receiving unlocked tokens.
/6 As the upcoming vesting event approaches, the value of 1INCH may continue to decline. Introducing numerous coins into circulation at once can cause price inflation as supply outstrips demand, leading to a rapid depreciation in the value of 1INCH.
/7 Currently, the price of 1INCH has dropped $3.9% over the past week, from $0.51 to $0.49. There has been $22.4 million worth of trading in the token, at a market cap of $327 million.
/8 Read the full article here:
flagship.fyi/outposts/break…

& Stay tuned for updates on the 1INCH vesting event and its potential impact on the coin's value.

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More from @FlagshipFYI

Dec 7
🚀 The launch of @chainlink staking is a resounding success, with over 11 million $LINK staked so far! The long-awaited #Chainlink upgrade, introducing Staking v0.1 on the Ethereum mainnet, was completed a few hours ago.

A thread 🧵👇 Image
1/ Chainlink staking is designed to make the ecosystem more stable. The native LINK token can be staked for rewards by users to encourage trustworthy behavior and increase network security.
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Dec 6
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Let's have a look 🧵⬇️

#web3 #blockchain #musicindustry #LGND
1/ The platform, set to debut in January 2023, will support "digital collectibles from any blockchain in a proprietary player", enabling users to play their digital collectibles on the go.
/2 Select Warner Music Group artists will be able to introduce digital collectibles on both the app and desktop platforms.
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Dec 6
Tether Operations Limited (@Tether_to), the company that powers the most widely used stablecoin by market capitalization, has announced the addition of its offshore Chinese Yuan (CNH₮) to the #Tron blockchain.

A thread 🧵

#Tether #CNH #stablecoins #stablecoin
/1 At launch, @bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform.
/2 Created in 2019, CNH₮ is pegged to offshore Chinese yuan (CNH) and initially available only on the Ethereum blockchain as an ERC-20 token. Its launch on #TRON will make it the second blockchain on which CNH₮ can be obtained, traded, and held.
Read 8 tweets
Dec 6
@Panoptic_xyz, a Uniswap-based decentralized finance (#DeFi) protocol, has just raised $4.5 million in a funding round led by Gumi Cryptos Capital. Other investors included @cbventures, @UniswapLabsVC, the @BlizzardFund, and more.

Let's dive in 🧵
1/ #Panoptic aims to revolutionize the decentralized options trading market, just as @Uniswap offers decentralized cryptocurrency spot trading.

According to COO and co-founder Jesper Kristensen, the company obtained the funding through an equity plus token warrant arrangement.
2/ Kristensen also stated that they plan to use Uniswap's automated market maker (AMM) as the foundation for Panoptic's initial release.
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Read more below 🧵

#WorldCup #WorldCupNFT #FIFA #CRO $CRO #NFT #NFTs
1/ The NFTs are themed around the 2022 FIFA World Cup and were created using player heatmaps from the tournament. @CocaCola and digital artist @gmunk worked together to produce the NFTs.
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1/ This week, the projects on Cosmos have been busy building, leading up to the new year.
2/ We now have a completed timeline of Interchain Security, following the ending of the second phase of Game of Chains.
Read 15 tweets

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