{"id":21453,"date":"2024-06-23T13:45:13","date_gmt":"2024-06-23T17:45:13","guid":{"rendered":"http:\/\/leadingcryptonews.com\/space-id-set-to-unlock-18-of-token-supply-this-month\/"},"modified":"2024-06-23T13:45:13","modified_gmt":"2024-06-23T17:45:13","slug":"space-id-set-to-unlock-18-of-token-supply-this-month","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/space-id-set-to-unlock-18-of-token-supply-this-month\/","title":{"rendered":"Space ID set to unlock 18% of token supply this month"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p>Share this article<\/p>\n<div class=\"follow-on-google-news\">\n<p>                        <\/p><\/div>\n<p><span style=\"font-weight: 400\">Space ID, a universal name service network and one-stop identity platform for Web3 domains, is expected to unlock over $55 million worth of ID tokens on June 22, 2024, according to data from Token Unlocks. This represents 18% of its circulating supply.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Token unlocks are often used to manage the emission of tokens over time, ensuring a steady and controlled release of new tokens into the market. This approach helps maintain the stability and value of the tokens by preventing sudden surges or drops in supply.<\/span><\/p>\n<div class=\"ad-banner video-in-article\">\n<div class=\"code-block code-block-6 ai-viewport-2 ai-viewport-3 ai-track\" data-ai=\"WzYsMiwiVmlkZW8gSW4tYXJ0aWNsZSAobW9iaWxlKSAtIDMzNngyODAiLCJTSU1FVFJJIiwxXQ==\" style=\"margin: 8px 0; clear: both; width: 300px; height: 250px;\">\n<p>  <img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Sapphire\" width=\"300\" height=\"250\" data-lazy-src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/03\/18060845\/600x500.jpg\"\/>\n<\/div>\n<\/div>\n<div class=\"ad-banner video-in-article\">\n<div class=\"code-block code-block-5 ai-viewport-1 ai-track\" data-ai=\"WzUsMiwiVmlkZW8gSW4tYXJ0aWNsZSAoZGVza3RvcCkgLSA2MDB4MzAwIiwiU0lNRVRSSSIsMV0=\" style=\"margin: 8px 0; clear: both; width: 300px; height: 250px;\">\n<p>  <img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Sapphire\" width=\"300\" height=\"250\" data-lazy-src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/03\/18060845\/600x500.jpg\"\/>\n<\/div>\n<\/div>\n<p><span style=\"font-weight: 400\">Space ID\u2019s upcoming unlock will distribute around 78 million ID tokens to eight groups, including ecosystem fund, foundation, seed sale, strategic sale, community airdrop, marketing, team, and advisors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Apart from Space ID, Arbitrum (ARB), Starknet (STRK), and Optimism (OP) are projects with major releases this month.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Starknet is set to distribute 64 million STRK tokens, valued at almost $75 million, to early contributors and investors. This token release is scheduled for June 15 and represents 5.6% of its circulating supply.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Arbitrum will release over 92 million ARB tokens, worth around $104 million, on June 16. These tokens, accounting for 3.2% of ARB\u2019s supply, will be allocated to the team, advisors, and investors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Optimism will unlock 31.34 million, equivalent to around $77 million, on June 30. This unlock represents 2.8% of the token supply.<\/span><\/p>\n<p>Share this article<\/p>\n<div class=\"follow-on-google-news\">\n<p>                        <img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Follow Crypto Briefing on Google News\" width=\"140\" height=\"41\" data-lazy-src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/04\/05153217\/follow-us-on-google-news.png\"\/><\/p><\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cryptobriefing.com\/space-id-token-unlock-june-2024\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Share this article Space ID, a universal name service network and one-stop identity platform for Web3 domains, is expected to unlock over $55 million worth of ID tokens on June 22, 2024, according to data from Token Unlocks. This represents 18% of its circulating supply. Token unlocks are often used to manage the emission of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-21453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Space ID set to unlock 18% of token supply this month - Leading Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadingcryptonews.com\/space-id-set-to-unlock-18-of-token-supply-this-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Space ID set to unlock 18% of token supply this month\" \/>\n<meta property=\"og:description\" content=\"Share this article Space ID, a universal name service network and one-stop identity platform for Web3 domains, is expected to unlock over $55 million worth of ID tokens on June 22, 2024, according to data from Token Unlocks. 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