100 million 1INCH tokens released by the end of December

At the end of the month, 222 million of 1 INCH. will be distributed at investors and to the team behind the project. The symbolic price native from DEX aggregator of the same name has was reduced by 80%. this year.

According to the token.unlocks application, approx. 222 million 1INCH tokenswith a current value of more than 100 millionwill be unlocked the December 30, 2022.

This unlocking of represents almost 15% of the total supply of 1 in. and naturally generatesconcern among traders. The latter fear a massive sell-off and a plummeting price, which has already fallen almost 80% this year, to $0.5.

Tokens will be distributed to. the team behind the project (3.75%), the investors (3.08%) and series A (2.03%), at protocol support fund (1.81%) and the advisors (0,38%). In addition, 3.75% of the tokens will be released under EU incentives.

source : token.unlocks

More unlocks are planned for the coming years, as shown in the token.unlocks graphic above.

By the end of 2021, 1inch was raising $175 million through a Series B funding round led by Amber Group.

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