Arbitrum to Unlock $2.32 Billion in Vested ARB Tokens on March 16

cryptonews.com:

Arbitrum, a Layer-2 blockchain network, is gearing up to release $2.32 billion worth of vested Arbitrum (ARB) tokens on March 16, marking a major milestone for the platform.

Token Unlocks highlighted that Arbitrum will do a “Cliff Unlock,” where tokens are released in a lump sum at the deadline.

According to data from Token Unlocks, approximately 1.1 billion locked ARB tokens will be unlocked, constituting roughly 76% of the token’s circulating supply.

Of the unlocked tokens, Arbitrum will allocate 673.5 million tokens, valued at around $1.41 billion at current prices, to its team and advisers.

Additionally, 438.25 million tokens, worth approximately $915 million, will be released for investors. Token Unlocks clarified that this will be a “Cliff Unlock,” meaning no tokens are initially released until the specified unlock date, upon which a lump sum will be introduced into the market.

Unlocks are staggered releases of cryptocurrencies that have been frozen to prevent early investors or project team members from selling in large numbers. The Cliff Unlock method allows for unfreezing a certain number of tokens immediately after a predetermined period, after which unfreezing happens in a linear schedule.

Following the March 16 release, Arbitrum will continue to unfreeze a certain amount of tokens every four weeks for four years, Token Unlocks  noted  in a tweet.