Decentralized exchange dYdX is expected to release tokens worth around $500 million to its investors, founders and staff on Dec. 1.
Highlights
- Decentralized exchange dYdX is expected to release 150 million tokens vested for investors, founders and employees.
- The tokens are worth almost $500 million at current market prices.
- Other projects are also scheduled to release tokens worth around $300 million in December.
- The release date of the tokens is now set to be released on Dec.
- 1, 2023, at 12:00 am UTC.
- The company will release tokens between January 2024 and June 2024, and more tokens will be unlocked between January 20 and June 24, according to token data tracker Token Unlocks.
Read the original article
JPMorgan: Spot Bitcoin ETFs Could Put 'Severe Downward Pressure on Bitcoin Prices'