{"id":83710,"date":"2023-08-29T14:11:26","date_gmt":"2023-08-29T11:11:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83710"},"modified":"2025-09-12T12:52:15","modified_gmt":"2025-09-12T09:52:15","slug":"dydx-unlocks-tokens-worth-about-13-8-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dydx-unlocks-tokens-worth-about-13-8-million\/","title":{"rendered":"dYdX unlocks tokens worth about $13.8 million"},"content":{"rendered":"<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-decentralised-exchange-dex\">Decentralized exchange<\/a> dYdX will unlock 6.52 million DYDX tokens worth $13.82 million, according to data from <a href=\\\"https:\/\/token.unlocks.app\/dydx\\\">TokenUnlocks<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/zJ7BhZCGyZ9D9daVfUuWi38x-LbO8nObHtGHrWXuo_ci88WfjRotnfiFLxRICmdMH99LcU1PE3KpA5en8mikk8jqee0G2ejfYdbWI1w_2dbx06PHd0P2srHJKTwgE0kbzbNLAmuv-l6uKYIPclcFFSA\" alt=\"dYdX unlocks tokens worth almost $14 million\"\/><figcaption class=\"wp-element-caption\">Data: TokenUnlocks.<\/figcaption><\/figure>\n<p>The amount represents 3.76% of the asset&#8217;s total supply. The tokens to be issued are intended for:<\/p>\n<ul class=\"wp-block-list\">\n<li>2.49 million DYDX ($5.28 million) \u2014 for the community treasury;<\/li>\n<li>4.03 million DYDX ($8.54 million) \u2014 for trader rewards and liquidity providers.<\/li>\n<\/ul>\n<p>In total, more than 75% of the planned 1 billion DYDX supply remains locked. The largest share of assets is allocated to investors \u2014 28%. The team will ultimately receive 15%, the community 16%, and 20% of tokens will go to trading incentives.<\/p>\n<p>The previous tranche of 6.52 million tokens entered the market on August 1.<\/p>\n<p>In the 24 hours preceding the next unlock, the price of DYDX fell by around 2%. The token is trading at around $2.12, which is more than 92% below its September 2021 high of $27.86.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/Jl80ekwbpggvS0ZcbOM_YyQXS74ObYHJFCtHItB5ZMlwDuQYwJbiqQS-vsDylmBVzcrIRboHUuNnj5K4pDvEss0lDzMq9RFxABrCJtg0X-j3qVjelxwU4CTsJVUcnqpnpKh86v0xpkXcP5d7ga_qhlU\" alt=\"dYdX unlocks tokens worth almost $14 million\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/dydx\\\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Earlier in July, the dYdX team launched a new testnet based on <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-cosmos-atom\">Cosmos<\/a> and the Tendermint consensus protocol to move toward full decentralisation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized exchange dYdX will unlock 6.52 million DYDX tokens worth $13.82 million, according to TokenUnlocks.<\/p>\n","protected":false},"author":1,"featured_media":83711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"dYdX unlocks 6.52 million DYDX tokens worth $13.82 million.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1337,1258],"class_list":["post-83710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-dydx","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"dYdX unlocks 6.52 million DYDX tokens worth $13.82 million.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=83710"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83710\/revisions"}],"predecessor-version":[{"id":83712,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83710\/revisions\/83712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/83711"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=83710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=83710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=83710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}