TokenUnlocks 2022 annual report is out !! π₯π₯
Learn about token unlocks, tokenomics, and the price impact of unlocks in the crypto space. π
Discover our insights, analysis, and thoughts on what to expect in 2023β¨
In this report, we will cover π;
- Understand token unlocks π
- Learn how projects vest tokens & distribution π
- Study tokenomics changes in major projects π
- Understand the price impact of token unlocks π
- Analyze major unlocks in 2022 βοΈ
- See what's next in 2023. βοΈ
1/x What is TokenUnlocks π ?
TokenUnlocks are fundamental aspects of tokenomics. π
Token unlocks are like releasing locked shares in the crypto market over a set period of time to align incentives for all stakeholders π€
The key elements related to token unlocks include β¬οΈ
2/x 2022 Lookback π
The year 2022 was marked by a decline in the overall crypto market capitalization, major events such as the collapse of the Terra, and a fraud case at a major crypto exchange. Token unlocks also played a role in introducing newly liquid tokens to the market.
3/x How do projects vest their tokens? π
There are various ways to implement token vesting methods. We analyzed 31 protocols and found that 2 projects use only EOA or wallets, 20 use only smart contracts, and 9 use both wallets and smart contracts.
4/x The Distribution π
- Token distributions can be classified into 4 types:
- The Core/Team distribution rewards the developers.
- Treasury is for project expenses.
- Investor for funding, Public/Community for support. Ensure a fair token allocation for a sustainable project
5/x Token Allocation Analysis π
Results show that projects with more tokens allocated to Core/Team and Investors tend to have higher market capitalization. Increases liquidity & attracts more investors
6/x Token Allocation Analysis π ( cont. )
Token allocations vary greatly among projects. Some have no investor or treasury allocation, and others allocate the majority to the core team
The chart below demonstrates the token allocation of each project.β¬οΈ
7/x Major changes in tokenomics π
#Bitcoin activated Taproot, improving privacy and scalability.
@nymproject capped supply and incentivized staking.
@PancakeSwap capped supply and implemented "vote-to-slip."
@the_x2y2 switched the reward system and incentivized staking.
9/x Price Impact π
The price of tokens tends to decrease by up to 15% before an unlock event, but stays relatively flat after. This trend is shown through data analysis using Bitcoin's price denominator as a reference point.
10/x Major 2022 Token Unlocks β οΈ
We selected four specific tokens ( $SAND, $LOOKS, $AXS, and $IMX ) and their major unlocks, including price fluctuations and vesting schedules.
These tokens were selected due to high user interest during major unlocks.
11/x Outlook 2023 π
In this report we've looked at token unlocks & how they impact crypto projects & markets. We've also looked at 4 specific projects & predictions for 2023. We analyzed the top 300 projects to estimate future unlock values for the upcoming year.
12/x Overall π
An exciting year ahead as many projects cash out vested tokens for operations. πΌ
Our TokenUnlocks team will continue to promote transparency in this industry. ππ
@pudgypenguins' official token $PENGU is now launched on Solana π§
π§ What is $PENGU?
$PENGU is the native token of Pudgy Penguins, an iconic NFT collection with 8,888 cute penguins.
What you never knew about Pudgy Penguin and $PENGUππ§΅
Launched in 2021 on Ethereum, Pudgy Penguins overcame challenges to become a cultural phenomenon in crypto and beyond.
β’ Acquired by @LucaNetz in 2022 for 750 ETH
β’ Revitalized the brand with Pudgy Toys (available at Target, Walmart & Amazon)
β’ Now the 2nd largest NFT project by market cap, trailing only CryptoPunks
While Pudgy Penguins started on Ethereum, $PENGU will debut on Solana for:
β’ Faster & cheaper transactions
β’ Growing popularity (most active chain)
β’ Access to a larger, active community
If you want true EQUITY, look no further; β¨
LIQUITY is the answer.
@LiquityProtocol offers you an innovative solution to your portfolio management.
Here's the topic that will be covered π§΅; 1. Protocol 2. $LUSD 3. $LQTY
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What is Liquity π€ ?
It is a decentralized borrowing protocol that offers users interest-free loans for a one-time fee, with Ether (ETH) staked as collateral in the protocol. π
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Who made it π€ ?
In April 2021, Liquity was launched on the Ethereum blockchain after 18 months of development by CEO Robert Lauko, who previously worked as a research associate for DFINITY, and Rick Pardoe, the project's lead engineer.
Most people have heard of @Uniswap, the top DEX, or @CurveFinance, which introduced a voting escrow token and triggered the stablecoin liquidity wars, also known as Curve Wars βοΈπ‘οΈ
However, there is another highly innovative DEX @Balancer
Let's take a closer look at it π
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Topics that will be covered
- What's Balancer ? βοΈ
- $BAL Token πͺ
- Token Allocation π°
- How large the daily unlocked tokens π
- Smart Money π
- Total Value Locked π
- Market Cap π¦
- Active Users π₯
- Sum-up π
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What's Balancer ? βοΈ
@Balancer is the AMM that provides programmable liquidity enabling customization of weights and even allowing entire protocols to be built on top
From traditional weighted pools to stable swap curves, nested pools to managed pools, Balancer has it all
β’ $OSMO Tokenomics Problem π
β’ Prop #1 Extending emission schedule
β’ Prop #2 - Adjusting the emission ratio
β’ Prop #3 - Reducing the super fluid risk factor
β’ Sum-up ποΈ
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$OSMO Tokenomics Problem π
- Inflation is higher than staking return
- Inflation is higher than LP incentives
- Community Pool received redirected incentives for the last 10 months
- Superfluid staking is underutilized