Information appeared that the DEX exchange abruptly delayed the token unlock time by up to ten months, driving up the cost of DYDX.
According to sources of The blockthe decentralized exchange dYdX will move the unlock time of the DYDX token from February 2023 to December 2023.
Seen on The Block Pro headline: DYdX pushes back $156M really worth of unlocked tokens for traders in December from February.
Members had their 1st accessibility to information. pic.twitter.com/78r3cRmyhr
—Steven (@Dogetoshi) January 25, 2023
Previously, in accordance to the authentic roadmap, dYdX would have unlocked 150 million tokens (really worth $282 million) on February three for early traders, neighborhood members and venture very own money. If that comes about, the circulating provide of DYDX will be doubled from the present 156 million. In the coming months, dYdX will carry on to unlock additional tokens.
The block confirmed with the new modify, the quantity of tokens to be place on the industry will be lowered to 83 million DYDX, really worth $156 million.
DYDX cost promptly reacted positively to the information, climbing 25% to $two.two.
Even so, dYdX has nevertheless to concern an official statement pertaining to the modify to the token unlocking routine.
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