Unlocking or releasing tokens plays an important role in the cryptocurrency market and can have significant effects on liquidity, price fluctuations and investor sentiment. In this process, locked tokens enter the free market and become tradable.
This week three major oxyinfiniti (AXS), jto (JTO) and Xavi (XAV) projects are set to release their locked tokens.
Oxyinfinity offers a blockchain game focused on entities called "Oxy", a combination of blockchain technology, NFT, and ECC-20 tokens.
On April 12, about 10.72 million AXS tokens worth approximately 29 million will be released. These tokens will be allocated mainly for sticking bonuses and the project team.
Jitsu is a Solana blockchain-based sticking service that distributes Mev rewards (maximum extractable value) among holders. On April 7, 11.3 million JTO tokens worth about 20 million will be released.
Most of these tokens are dedicated to the development of the ecosystem, the main contributors and the growth of society, and 10% of them are also set aside for AirDrop.
Xavi is a platform in the field of Defi and decentralized forex markets (FX) that improves the liquidity of stabilcoins through the automated marketer model (AMM).
On April 11, more than 313 million XAV tokens (more than 3% of the total supply) will be released, mainly to the team, investors and treasury of the project.
In addition, projects such as delicium (AGI), parcel (PRCL) and circular protocol (CIRX) will also hold their token release event this week.
