In June 2022, eShark provided its community with news about the ninth time that they had unfrozen their token.
For people new to crypto, the term frozen can be confusing. A frozen token is a token that cannot be transferred to another address until certain conditions are met; when these conditions are met, the tokens will become unfrozen and available for use.
Developers and investors mostly used the term to show that they are committed to the long-term success of their currency.
By freezing the token in the first place, it can help the market price stable and prevents developers from abruptly pulling out their tokens and causing crashes. Frozen tokens also help stability by allowing developers to maintain control over prices.
eShark Token unfrozen their tokens every 26th in each month, starting from October 2021, marking this month as the ninth unfrozen. 10% of the total eShark Token will be the unfrozen tokens that can be used for transaction activities.
In this month they unfroze 2.111.064.631, with a total 19.013.881.679 token unfrozen. At the time this article was written, there were 19.107.795.429 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.