Tag: Token

Immutable delays $67M token vesting by another year

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Immutable, an Ethereum layer-2 nonfungible token (NFT) scaling solution, will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024. According to an Oct. 17 announcement by Immutable co-founder Robbie Ferguson, the move is intended to enhance Immutable’s long-term sustainability. “At a minimum, when we finally do decide to let these tokens unlock – they will be done on linear monthly vesting schedule over time, instead of a cliff,” said Ferguson. The blockchain executive also revealed there are over 200…

Token adoption grows as real-world assets move on-chain

While critics wrote off much of the initial hype surrounding the tokenized real-world asset (RWA) market, the sector has been on a tear over the past year or so. In fact, Boston Consulting Group expects the tokenization of global illiquid assets to be a $16 trillion industry by the end of the decade. A variety of asset categories are actively being tokenized and garnering investments, with recent data suggesting that the total value of tokenized real-world assets reached an all-time high of $2.75 billion in August. And while the metric…

GameFi Token BIGTIME Up 250% After Launching Last Week

Last Wednesday, the cryptocurrency went live on several exchanges, including OKX and Coinbase. Since then, its market price has risen by 254% to $0.251, reaching a high of $0.32 at one point on Friday, Coingecko data shows. In the past five days, the total crypto market capitalization has increased just 2% to $1.056 trillion. Source BigTimeGameFiLaunchingTokenWeek CryptoX Portal

ApeCoin (APE) Set For Upcoming Token Unlock, Bearish Pressure To Worsen?

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ApeCoin (APE) will undergo a token unlock valued at $16.69 million. This development comes amidst the token’s bearish price action, which has led to it losing half its market value in Q3 2023.  15.60 Million ApeCoin (APE) Set To Flood The Market Next Week According to data from TokenUnlocks, ApeCoin’s next token unlock is set to occur on October 17, during which the ApeCoin DAO will release 15.60 million new APE tokens into circulation.  This will mark the tenth APE token unlock in 2023, as this event occurs on the…

How Ripple’s Rumored Token Burn Could Affect The XRP Price

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XRP has struggled to regain bullish price momentum this month, with the crypto going on six days of red candle close last week. The XRP community appears to be feeling the effects of this lack of momentum, as speculations have begun to circulate about a potential catalyst for the next XRP price surge. Word on the street now is that Ripple plans to burn the 41.9 billion XRP tokens they have locked up in escrow. Although this hasn’t been confirmed yet, some say this move could send the value of…

FTX Estate Stakes $122 Million Solana (SOL), Quells Fear Of Token Sell-Off

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The FTX estate has reportedly staked 5.5 million Solana (SOL), worth $122 million. This development comes amidst fears of the defunct crypto exchange liquidating a substantial portion of its SOL holdings and inducing a bearish trend. FTX Renews Bullish Interest In Solana With Latest Move On October 14, blockchain tracking platform Whale Alert reported that 5.5 million SOL had been transferred between two unknown wallets. Thereafter, a crypto analyst with the X username ashpool soon identified the FTX exchange to be behind this whale transaction. Using data from gelato.sh, ashpool…

Binance.US unveils new token listing policy, with SUI under evaluation

Binance.US introduces a transparent pre-announcement strategy for potential asset listings, with Sui token currently under evaluation. Leading crypto exchange Binance.US is introducing a novel approach to how it selects digital assets for listing on its trading platform. The platform has shifted towards pre-announcing certain tokens that it is actively evaluating for potential listing. This change aims to bring enhanced clarity and forward visibility to both the user community and the broader market. The selection process isn’t arbitrary; it’s based on an array of analytical factors. Among these are anticipated trading…

Flare Network Will Burn 2% of Total Token Supply to Support Ecosystem

“We are very happy to have reached an agreement with our shareholders and thank them for their support,” Hugo Philion, CEO and co-founder of Flare, said in a statement. “Without this burn, the investors would be able to claim approximately 3x their original allocation through the FlareDrops, unfairly diluting community holdings.” Source BurnEcosystemFlareNetworkSupplySupportTokenTotal CryptoX Portal