ESHARK TOKEN UPDATE: JULY 2022 THE TENTH AND THE LAST UNFROZEN
In July 2022, Eshark Token provided interesting news for its community. As this month is the tenth time and also marked as the last time, they have to unfroze their token.
For individuals who are not well-versed in crypto, it can be tricky to wrap their head around the term “frozen”. The term is utilized by developers and investors to depict that they are dedicated to the future prosperity of their currency.
Frozen token is a token that is created but cannot be transferred to another address until certain unlocking conditions are met, and when the conditions are met, these tokens will be unfrozen and then can be used for transactions.
When a coin or token is frozen, it aids in market price stabilization, preventing it from plummeting or skyrocketing. It also helps to thwart sudden pullbacks by developers selling tokens all at once. By freezing tokens, developers can maintain control over the token’s price and prevent a market crash.
Eshark Token unfrozen their tokens every 26th in the month, starting from October 2021, marking this month as the tenth and the last unfrozen. 10% of the total Eshark Token will be the unfrozen tokens that can be used for transaction activities.
In this month, Eshark Token unfrozen 2.111.067.810 total tokens and accumulating the previous unfrozen periods, they have unfrozen a total of 21.124.946.310 tokens. At the time this article was written, following the unfrozen, Eshark Token now has 85,692,609,297 in total circulating supply.
For more information about eShark and their road map, you can visit their official website at: https://www.esharktoken.com. You can also join their official Telegram group to engage directly with the community and to stay up-to-date with their news at: https://t.me/esharktokenofficial. Or join their Discord for more information about scholarship at: https://discord.link/esharktoken. ESHK can also be obtained through WhiteBit, Coinsbit, P2PB2B, and also on PancakeSwap.