The Moonriver team has announced the Big Unlock event, where it will unlock 1.1 million Kusama (KSM) that was locked in the first batch of parachain crowd loans. The funds will be unlocked “around May 15,” when the lease period is expected to end.
So what is “The Big Unlock”?
Around May 15th, ***1.1 MILLION $KSM*** from the first batch of parachain crowdloans will be unlocked. That means ~10% of the supply will be back in circulation. pic.twitter.com/ZmS3yDfo3L
— Moonriver Network (@MoonriverNW) April 27, 2022
Moonriver said this event is a big deal because it will reintroduce over 10% of KSM’s supply into the market.
In a follow-up tweet, Moonriver said:
Why is it such a big deal? Because now parachains are live and @kusamanetwork DeFi is in full swing! Now Kusama crowdloan OGs just need to figure out what they want to do with their . #TheBigUnlock
KSM holders are spoilt for choice
Unlike in the past year, when KSM holders locked their tokens, KSM now has more use case
We współpracy z: https://cryptoslate.com/moonriver-to-unlock-1-1m-ksm-in-may-as-leasing-period-comes-to-an-end/
