The recent decisions regarding token unlock schedules have sparked notable fluctuations in the cryptocurrency market. Specifically, the deferment of major token unlocks by altcoins like DYDX has been perceived favorably by bullish investors. This trend was further highlighted by the XAI Coin team, which recently announced a significant update to their token unlock plan.
What Changes Were Announced?
The XAI Coin team addressed inaccuracies in previous reports about their upcoming unlock schedule. Contrary to claims of a large release, XAI participants have agreed to relock their tokens set for a July release for an additional six months. This decision dramatically reduces the number of tokens hitting the market, from an expected ~85 million to just ~17.7 million.
How Will This Affect Market Supply?
The revised unlock schedule now details the distribution of approximately 107.9 million tokens in July. This includes 72.3 million for investors, 17.7 million for the team, 4.2 million for advisors, 5.2 million for DAC, and 8.5 million for the Xai Foundation. The new circulating supply will see a 36% increase, totaling around 407.9 million tokens, with the overall supply remaining at 1,473,270,834.
Key Takeaways for Investors
Investors can glean several actionable insights from these recent developments:
- Delayed token unlocks can positively impact market sentiment and price stability.
- Understanding the specifics of token distribution schedules is crucial for making informed investment decisions.
- Revised supply forecasts can help investors anticipate market fluctuations and adjust strategies accordingly.
Overall, the proactive approach by the XAI Coin team in revising their unlock strategy highlights the importance of flexibility and market responsiveness in the crypto world. This move not only aids in maintaining a balanced market but also reassures investors of the team’s commitment to sustainable growth.