This week's token unlock roundup covers two projects. YZY, the token issued by Kanye West, will unlock 120 million tokens with a value of roughly $35.73 million, the largest release in this batch. Starknet, an Ethereum Layer 2 network built on zk-STARKs technology, will unlock 130 million tokens worth about $3.19 million. Starknet uses STARK proofs to validate transactions and computations without requiring every network node to verify each operation, reducing computational load and boosting throughput. Its parent company StarkWare was founded in 2018 and is headquartered in Israel, with Starknet and StarkEx as its main products. Detailed unlock curves for both projects are published in the images below.
This week's token unlock list is pretty brief: just two projects, YZY and Starknet.
YZY: 120 million tokens, ~$35.73 million
YZY, the token launched by Kanye West, sits at the top of this week's list. The plan is to unlock 120 million tokens, valued at roughly $35.73 million. The project's Twitter account is x.com/kanyewest, and its official site is money.yeezy.com.
Starknet: 130 million tokens, ~$3.19 million
Starknet is on the docket too, with 130 million tokens lined up for release. That pile comes to about $3.19 million. Starknet is an Ethereum Layer 2 network built with zk-STARKs, which help make Ethereum transactions faster and cheaper. Its parent company, StarkWare, was founded in 2018 and is headquartered in Israel. StarkWare's main products are Starknet and StarkEx.
With STARK, Starknet can verify transactions and computations without forcing every network node to inspect every single operation. Big difference. So the computational burden drops, and the blockchain network's throughput goes up.
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