- SUI: 34 million tokens were already released on October 3rd, equal to 4% of the total supply. Only 8% of the total supply has been released so far, making the token much inflationary in the future. The majority of SUI is destined to community reserves and staking rewards, but there is also a great part intended to early investors and venture capitals that could be interested in often selling SUI to make their money back.
- IMX (Immutable X): 16 million tokens will be released on October 7th, accounting for 1.5% of the total supply. Immutable's situation is a bit better than SUI's token-wise, as 60% of the total supply has already been unlocked.
- APT (Aptos): a similar release will interest another layer 1, as 4.5 million APT will be released on October 12th, equal to 1.9% of the max supply.
- AXS (Axie Infinity): is probably one of the most inflationary tokens in crypto and on October 20th will see another big release of 15 million AXS, accounting for 11% of the total supply.
- OP (Optimism): last but not least, on October 30th, Optimism will unlock 24 million tokens, aka the 3% of the max supply.
I think that just by looking at these numbers and doing some quick calculation, it appears clear that some project has pretty complicated tokenomics. So, these chains and platforms will always need a huge user base in order to combat the unlocks and make the tokens rise. While Ethereum has a potentially infinite supply, it's built so that the circulating supply will always be contained by constant burns, as long as the network is used (a condition that I don't see changing anytime soon). So, in addition to first-mover advantage, Ethereum seems to have more mechanisms that keep inflation low, unlike its competitors.
Do you hold any of these tokens? Are you worried about their tokenomics or do you think that their use cases and popularity will combat those unlocks?
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