The crypto space is dynamic, with new developments, token unlocks, and protocol upgrades happening regularly. Staying informed helps participants navigate opportunities and risks. This article outlines major events scheduled for the upcoming week, from airdrop expectations to token unlocks and platform updates.
November 20: Major Announcements and Upgrades
Exchange Updates
- Binance supports the Terra Classic (LUNC) network upgrade. Deposits and withdrawals suspend around 16:00 UTC+8.
- Multiple RUB trading pairs delist from Binance at 11:00 UTC+8.
- Japanese users must complete identity verification for Binance Japan by November 20 (Japan Time) to ensure smooth transition.
Project Developments
- Blur, an NFT marketplace, hints at a Season 2 airdrop announcement on November 20. Expectations are high for increased token distribution.
- Vertex Protocol launches its VRTX token with a fixed supply of 1 billion. Allocations include incentives, team, investors, and more.
- Pyth Network opens its retrospective airdrop claim at 22:00 UTC+8. The window lasts 90 days.
- The Philippines sells tokenized treasury bonds for the first time, aiming to develop its domestic debt market.
- BNB Greenfield testnet undergoes the Pampas hard fork, integrating opBNB for better cross-chain communication.
- Immutable begins rebuilding its zkEVM testnet, enhancing functionality for developers.
Governance Votes
- Aave community votes on classifying a recent incident as a "shortfall event." Results influence safety module activation.
November 22: Compensation and Unlocks
Governance Updates
- Raft details its compensation plan for users affected by a recent hack. Eligibility requires holding R tokens at snapshot and no post-hack trading.
Token Unlocks
- SPACE ID (ID) unlocks approximately 18.49 million tokens, valued around $4.7 million.
November 23: Mainnet Launches and Discussions
Exchange Adjustments
- Binance Leverage removes several BUSD trading pairs at 14:00 UTC+8.
Project Highlights
- Ethereum developers discuss Devnet #12 and execution layer client diversity in core developer calls.
- Chainflip, a cross-chain DEX, launches its FLIP token at 20:00 UTC+8. ๐ Explore more DeFi strategies
- Initial distributions target community sales participants, node operators, and investors.
Token Unlocks
- Euler (EUL) unlocks around 135,000 tokens, worth approximately $370,000.
November 24: Testing and Significant Unlocks
Exchange Notes
- Binance Liquid Swap removes multiple liquidity pools. Assets return to users' spot wallets automatically.
Project Activities
- OpenBlock launches its OB Pass task center, rewarding users for Web3 interactions until November 24.
- Gas Hero, by STEPN's developers, starts community testing on Polygon Mumbai. No assets transfer to mainnet later.
Token Unlocks
- Avalanche (AVAX) unlocks about 9.54 million tokens, valued near $200 million.
November 25: Tokenomics and Unlocks
Governance Proposals
- SushiSwap votes on new tokenomics aiming for sustainability, better liquidity incentives, and fair staking rewards.
Token Unlocks
- Acala (ACA) unlocks roughly 4.66 million tokens, worth around $260,000.
November 26: Inflation Adjustment Vote
Governance Decisions
- Cosmos Hub proposes reducing ATOM's max inflation rate to 10%, lowering staking APR to 13.4%.
Dates To Be Confirmed
Exchange Recoveries
- Poloniex plans to restore deposits and withdrawals after security upgrades. New deposit addresses will apply.
Airdrop Distributions
- Jupiter Exchange prepares for its JUP community airdrop. The first round distributes 10% of total supply to early interactors.
Frequently Asked Questions
What is a token unlock?
Token unlocks release previously locked coins into circulation. This can increase selling pressure if large holders divest, potentially impacting prices.
How do airdrops work?
Airdrops distribute free tokens to eligible users, often to reward early adoption or participation. Criteria may include holding specific assets or completing tasks.
Why are governance votes important?
Governance votes let token holders decide on protocol changes, treasury management, and response to incidents. They ensure decentralized decision-making.
What should users do before network upgrades?
Users should monitor official announcements, complete necessary transactions before maintenance, and ensure wallet compatibility to avoid disruptions.
How can participants stay safe during hacks or exploits?
Avoid trading affected tokens immediately after incidents. Follow project communications for compensation plans and security recommendations.
Where can I learn about upcoming events?
Follow official project channels, crypto calendars, and community forums. ๐ View real-time event trackers for the latest updates.