随着项目释放大量供应，数十亿加密代币将涌入市场

TokenUnlocks 的数据显示，本月有 19 个重要的加密货币项目打算发行价值超过 1000 万美元的代币。这种做法在通过投资者获得资金的协议中很常见，部分代币会受到锁定期的影响，在此期间无法出售或清算。在这些项目中，Pyth Network (PYTH) 和 Aevo (AEVO) 预计将解锁价值 36.6 亿美元的代币。

Cryptocurrency Projects Poised to Release Billions of Dollars Worth of Tokens

加密货币项目准备发行价值数十亿美元的代币

Data compiled by TokenUnlocks, a blockchain analytics platform, reveals that a significant number of cryptocurrency projects are planning to release substantial amounts of tokens into circulation this month.

区块链分析平台 TokenUnlocks 汇编的数据显示，大量加密货币项目计划本月释放大量代币进入流通。

Token Unlock Schedules

令牌解锁时间表

In the cryptocurrency industry, projects often opt to withhold a portion of their maximum token supply from the open market. This is a common practice among protocols that secure funding from venture capitalists and independent investors.

在加密货币行业，项目通常选择从公开市场扣留部分最大代币供应量。这是从风险资本家和独立投资者那里获得资金的协议中的常见做法。

To manage the distribution of these tokens, projects typically implement a vesting schedule, also known as a lock-up period. During this period, investors and contributors are prohibited from liquidating or selling their tokens on exchanges. However, some protocols allow for staking and yield generation on vested tokens.

为了管理这些代币的分配，项目通常会实施归属计划，也称为锁定期。在此期间，投资者和贡献者不得在交易所清算或出售其代币。然而，一些协议允许对既定代币进行质押和收益生成。

Major Crypto Unlocks

主要加密货币解锁

Among the 19 projects scheduled to unlock tokens this month, two stand out due to the magnitude of their releases.

在本月计划解锁代币的 19 个项目中，有两个项目因其释放规模而脱颖而出。

Pyth Network (PYTH)

Python 网络 (PYTH)

Pyth Network, a provider of oracle services, is set to release approximately 2.13 billion PYTH tokens. This represents a substantial increase in the current circulating supply, which is estimated to be worth $1.2 billion. Despite the sizeable unlock, the tradable PYTH tokens will remain a fraction of the protocol's total supply of nearly 10 billion.

预言机服务提供商 Pyth Network 将发行约 21.3 亿个 PYTH 代币。这意味着当前流通供应量大幅增加，估计价值 12 亿美元。尽管解锁量相当大，但可交易的 PYTH 代币仍仅占该协议近 100 亿枚总供应量的一小部分。

Aevo (AEVO)

埃沃

Over 827 million AEVO tokens will become available within the next 10 days. This release will increase the protocol's circulating supply by more than sevenfold. Aevo provides options and perpetual trading facilities on its decentralized exchange. While AEVO has a maximum supply of one billion, only 110 million tokens are currently in circulation. The upcoming unlock has a market value exceeding $1.2 billion.

未来 10 天内将提供超过 8.27 亿个 AEVO 代币。此次发布将使该协议的流通供应量增加七倍以上。 Aevo 在其去中心化交易所提供期权和永续交易设施。虽然 AEVO 的最大供应量为 10 亿，但目前流通的代币仅为 1.1 亿。即将解锁的市值超过12亿美元。

Implications of Token Unlocks

代币解锁的影响

The release of significant amounts of tokens can impact the market dynamics of the respective cryptocurrencies. Investors should carefully consider the potential effects on token price and volatility before making investment decisions. It is important to note that the timing and execution of token unlocks can vary, and projects may adjust their schedules or release strategies based on market conditions.

大量代币的发行可能会影响相应加密货币的市场动态。投资者在做出投资决定之前应仔细考虑对代币价格和波动性的潜在影响。需要注意的是，代币解锁的时间和执行可能会有所不同，项目可能会根据市场情况调整其时间表或释放策略。