Million

Avalanche

Avalanche (AVAX), the Layer 1 blockchain project, is preparing for a significant token unlock scheduled for November 24.   
This release will see 9.54 million AVAX tokens become accessible, with a total value of around $109.64 million. These tokens represent 2.69% of Avalanche's circulating supply.   
The upcoming token unlock will have four primary beneficiaries:   
<ol>
  
 <li>Strategic Partners: 2.25 million tokens will be unlocked, and these tokens are valued at around $25.85 million.</li>   
 <li>Avalanche Foundation: 1.67 million tokens will be unlocked, with a total value of approximately $19.15 million.</li>   
 <li>Team: 4.50 million tokens, worth roughly $51.71 million, are set to be unlocked for the Avalanche team.</li>   
 <li>Airdrop Winners: 1.13 million tokens, valued at about $12.93 million, will be unlocked for the lucky recipients of the airdrop.</li> 
</ol>   
This token unlock is a significant event for the Avalanche ecosystem and its stakeholders, as it provides access to a substantial amount of AVAX tokens for various purposes, including further development, partnerships, and rewarding airdrop participants. 
The post <a href="https://optimisus.com/news/crypto-news/avalanche-to-unlock-110-million-token-in-novemebr/">Avalanche (AVAX) to unlock $110 Million token in November</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

Avalanche (AVAX) to unlock $110 Million token in November

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