Project Review: Top 10 Promising Tokens to Be Unlocked in January
At the beginning of 2023, the crypto market rebounded, and the prices of BTC and ETH also picked up to $20,000 and $1,500, respectively. Some altcoins also recorded decent growth. Yet since the macro market hasn’t fully recovered, it remains to be seen as to whether the current market boom will continue. Therefore, investors should be careful with altcoins and keep track of the latest development of those projects. Today, let’s review the promising projects that will unlock their tokens in January.
1. NFTrade
NFTrade’s token is called NFTD, which comes with a total supply of 135 million. According to Vestlab, in January, the project will unlock 5% of the Private supply, 4% of the Reward supply, and 8% of the Treasury supply, pushing the token unlock progress to 57%.
As a decentralized aggregator of NFT marketplaces, NFTrade hosts the complete NFT lifecycle and allows users to trade NFTs on multiple chains. So far, the platform runs stably on four mainnets, including Ethereum, Polygon, BSC, and Avalanche. According to public information, in 2021, NFTrade received strategic investments from Solana, Polka Foundary, Polygon, Avalanche, etc.
Find out more about NFTrade at https://www.coinex.com/info/NFTD
2. STARLY
$STARLY, the token of STARLY, features a total supply of 100 million. According to Vestlab, in January, the project will unlock 30% of the Public Sale supply, and 68.85% of its total supply has already been unlocked.
STARLY is an NFT collection platform where users can get cards with three different rarity levels by opening NFT packs and then collect complete sets by trading NFTs on the platform to earn rewards. According to CoinEx, a top crypto exchange, STARLY has raised funds from institutional investors including SPARTAN, Animoca, LD, and Shima, and the specific amount remains unknown.
Find out more about STARLY at https://www.coinex.com/info/STARLY
3. EPIK Prime
EPIK Prime’s token EPIK has a total supply of two billion. Data from Vestlab indicates that, in January, the project will unlock 15% of the Seed Sale supply, 6% of the Reserve supply, 6% of the Founders supply, and 2% of the Ecosystem supply.
EPIK is essentially a membership token, and holders enjoy exclusive benefits provided by EPIK Prime. The project team believes that crypto assets should record the identity, status and achievements of their holders.
Find out more about EPIK Prime at https://www.coinex.com/info/EPIK
4. Gari Network
With a total supply of one billion, GARI is the native token of Gari Network. According to Vestlab, in January, the project will kick off the second round of public sale on Republic 2, which will offer 0.5% of the total supply. Meanwhile, it will conduct an IDO on SolRazr, accounting for 0.84% of the token’s total supply. So far, 54.95% of its total supply has been unlocked.
At the moment, GARI has been adopted by Chingari, which was once the fastest-growing short video app in India. On this video platform, Users can earn GARI by watching videos, participating in events, and playing related videos, and creators can also upload videos to get GARI rewards. The project has received investments from Solana Foundation, Republic, and Galaxy Digital.
Find out more about Gari Network at https://www.coinex.com/info/GARI
5. Galxe
GAL, the token of Galxe (formerly Project Galaxy), offers a total supply of 200 million. According to Vestlab, in January, the project will unlock 1.92% of its Coinlist supply. At the moment, Galxe has unlocked 65.28% of the GAL supply.
Galxe creates Galaxy ID for users through wallets and then builds a Web3 decentralized identity system through the credential. The project has raised funds from Multicoin Capital, Divegence Ventures, Blockchain.com Ventures, IOSG, Coinbase Ventures, Binance Smart Chain Growth Fund, Solana Ventures, and Alameda Research, among other institutional investors.
Find out more about Galxe at https://www.coinex.com/info/GAL
6. Seascape Crowns
CWS, the native token of Seascape Crowns, comes with a total supply of 10 million. According to Vestlab, in January, the project will unlock 2% of the In-game Mining and Staking supply, 2% of the Liquidity Incentives supply, 4% of the Team supply, 3% of the Foundation Reserve supply, and 2% of the Community Reward Pool supply. As of now, 42% of the CWS supply has been unlocked.
Seascape Crowns, a scalable gaming platform based on Substrate, provides one-stop asset gamification services for DeFi and NFT users around the world. The project has received investments from institutions including Binance, Leading Capital, and JRR Crypto.
Find out more about Seascape Crowns at https://www.coinex.com/info/CWS
7. DeRace
DeRace’s DERC features a total supply of 120 million. According to Vestlab, in January, the project will unlock 10% of the Private Round supply, 3% of the Liquidity/ LP & Privacy Adoption incentives supply, 3% of the Marketing/Ecosystem supply, 5% of the Team supply, 15% of the Partners/Advisors supply, and 10% of the Development supply.
DeRace is a familiar name to users extensively involved in crypto investment. It is a horse racing simulation platform where users can earn profits by buying and breeding NFT horses, participating in horse races, and owning a hippodrome. DeRace has received investments from institutions including Animoca Brands and LD Capital.
Find out more about DeRace at https://www.coinex.com/info/DERC
8. Step App
Step App’s token FITFI provides a total supply of five billion. According to Vestlab, in January, the project will unlock 6% of the Public Sale supply, 5% of the Staking, Liquidity, MM, and Incentives supply, 2% of the Mining & Move to Earn supply, and 4% of the Marketing, Acquisitions, and Licenses supply. To date, 24% of the total supply has been unlocked.
This project can be regarded as a copycat of STEPN. After buying the corresponding NFT, users can earn profits by mining FITFI via the Move to Earn model. However, the Play to Earn boom has diminished, and a huge share of the FITFI supply is yet to be unlocked. As such, the token faces huge challenges in seeking growth.
Find out more about Step App at https://www.coinex.com/info/FITFI
9. Symbiosis Finance
SIS, the native token of Symbiosis Finance, offers a total supply of 100 million. According to Vestlab, in January, the project will unlock 3% of the Seed Round supply, 5% of the Strategic Round supply, 2% of the Liquidity Farming supply, 1% of the Node Runners Reward supply, 4% of the Advisory supply, and 3% of the Founders Team supply. At the moment, 55% of the SIS supply has been unlocked.
With Symbiosis Finance, a decentralized multi-chain protocol, users can trade cryptos across the mainnets it supports. The project has raised funds from Blockchain.com, Binance Labs, and Amber Group, among others.
Find out more about Symbiosis Finance at https://www.coinex.com/info/SIS
10. Covalent
Covalent’s CQT features a total supply of one billion. According to Vestlab, in January, the project will unlock 4.16% of the Coinlist supply. Right now, 91.61% of the CQT supply has been unlocked.
Covalent is a data provider offering detailed and accurate transaction data on different blockchains. In addition, CQT holders can submit proposals and vote on project development. At the same time, they can also stake CQT and access deep data. According to CoinEx, Covalent has received investments from institutional investors that include 1KX, Alameda Research, and Delphi Digital.
Find out more about Covalent at https://www.coinex.com/info/CQT
Through today’s review, we can tell that among the projects that are about to unlock their token supply, many deserve our full attention. Moreover, upon unlocking, most tokens might go through wide price swings, which can be a source of profits.
It is noteworthy that all ten projects are now listed on CoinEx, an established crypto exchange that has been running for five years under ViaBTC Group. Thanks to its easy-to-use products, steady performance, and fast services, CoinEx has earned the recognition of over four million users across more than 200 countries and regions.
Always putting users first, CoinEx practices stringent review mechanisms for token listing to mitigate investment risks while securing first-mover advantages for its users. To date, the exchange has listed over 600 premium tokens and more than 1,000 trading pairs, and offers a versatile product range, covering spot trading, futures trading, margin trading, AMM, crypto finance, and CoinEx Dock.
Disclaimer: No investment advice is provided in this article, and all data mentioned herein are for reference only. You should not rely on the information provided herein to make any investment decision, and you will be fully liable for your own investment decisions.
