Prepare yourselves, it’s going to be a busy week in the cryptosphere! With new token listings and large token unlocks soon to occur, those dynamics are set to change rapidly. Balance (EPT) will soon announce its Token Generation Event (TGE) and subsequently list on major exchanges. At the same time, Initia (INIT) is preparing to list on Binance. Eigenlayer (EIGEN) and Karrat (KARRAT) are set for some massive token unlocks, which could affect their respective market values. These data releases are sure to get a lot of attention from investors and traders.
Balance (EPT) Token Launch and Listing
Balance Foundation, the Balance Network’s governing entity, has released its EPT token economic model, detailing the token’s utility and distribution. About EPT EPT has a total supply of 10 billion tokens. It plays a variety of roles in the Balance ecosystem, including allowing users to pay for AI services, participate in governance, earn staking rewards and fuel numerous incentive programs.
EPT is scheduled to go live on the BNB Chain and Ethereum dual chain on April 21, 2025 (UTC). This dual-chain approach allows the community to benefit from the respective strengths and capabilities of each network, giving users excellent flexibility and accessibility.
The one-month launch time-frame includes the Token Generation Event (TGE) for Balance. Binance Alpha, Binance Futures, and Gate.io are all planning to list Balance (EPT) on the same day. This is a huge milestone for the project, and it has the potential to tremendously boost trading volume and liquidity.
Initia (INIT) Binance Listing
Meanwhile, Initia (INIT) is preparing for its second ever centralized exchange listing on Binance. America’s crypto community can’t wait to see this flashy step in action! The maximum supply of INIT tokens is limited to 1 billion. A third of these tokens are explicitly reserved for launchpool rewards and promotional efforts.
Binance will list INIT at 11:00 (UTC+8) on April 24, providing a major platform for the token to reach a wider audience. Such a prestigious listing would likely create tremendous trading volume and interest in the token and have a lasting effect on the token’s price.
We have reserved 3% of the total supply (30 million INIT tokens) to be used for Launchpool rewards. This strategic development is meant to encourage users to engage deeply within the platform. You will then be notified of your allocation from the Launchpool. In addition, we will allocate an additional 10M INIT tokens in multiple tranches to fuel marketing campaigns after the spot listing. Furthermore, an additional 20m INIT tokens will be released 6 months after the first listing. This action shows that they are truly dedicated to engaging their community and building a strong ecosystem in the long run.
Eigenlayer (EIGEN) and Karrat (KARRAT) Token Unlocks
Eigenlayer (EIGEN) and Karrat (KARRAT) are both sitting on the precipice of substantial token unlocks that will likely impact their respective market landscapes. These unlocks are simply the scheduled release of previously locked tokens into circulation, increasing the circulating supply and affecting price as a result.
Eigenlayer (EIGEN) is set to unlock approximately 1.29 million tokens at 3:00 a.m. Beijing time on April 23. As of market prices at the time of writing, these tokens are worth over US$1.1 million. Given the magnitude of value dilutions, investors are right to be concerned about token unlocks. If all that new supply can’t attract enough demand to match it, it risks putting serious downward pressure on prices.
Karrat (KARRAT) will unlock approximately 21.25 million tokens at 8:00 a.m. Beijing time on April 23. At the moment these are worth a total of around US$1.3 million. The market's reaction to these unlocks will depend on various factors, including the overall market sentiment, the project's fundamentals, and the anticipated demand for the tokens.
