2023-09-10 17:29:11
Unlock (eng. unlock) is called the unlocking of tokens that were previously frozen under the terms of investment rounds or other funding programs.
Watch the latest cryptocurrency news, video reviews, collections of useful tips, guides and interviews on YouTube channel BeInCrypto. Subscribe, it will be interesting!
Typically, the team carefully works out the tokenomics so as not to cause a lot of selling pressure at various stages of the unlock and thereby not bring down the price of the token. However, some factors – for example, a lack of liquidity or profit-taking by early investors immediately following the tokens are unlocked – can seriously affect the asset’s quotes.
BeInCrypto editors have selected 4 major unlocks to watch next week.
1. Apts (APT)
Unlock Date: September 12 Number of Tokens Unlocked: 4,540,000 APT Current Circulating Supply: 229,856,587 APT
While Aptos’ Layer 1 blockchain is definitely one of the most successful projects this year, it regularly faces criticism from the crypto community for its tokenomics, which is largely dominated by venture capital. Most of APT’s supply – more than 80% – is still blocked. Unlocks will occur every month for the next ten years. Tokens “unfrozen” on September 12 will be distributed between the Aptos Foundation and community members.
2. Lido DAO (LDO)
Unlock Date: September 13 Number of Tokens Unlocked: 1,500,000 LDO Current Circulating Supply: 888,427,760 LDO
Lido Finance is a leading liquid staking platform for cryptocurrencies. The protocol allows you to deposit coins into a smart contract and receive in return derivative assets that can be used for other operations – for example, contributing to liquidity pools. The ERC-20 LDO token is designed to manage Lido. The coins unfrozen on September 13 will be received by early investors of the project.
3. Flow (FLOW)
Unlock Date: September 16 Number of Tokens Unlocked: 7,290,000 FLOW Current Circulating Supply: 1,036,200,000 FLOW
Flow is a blockchain platform designed to issue non-fungible tokens (NFT) and creating gaming applications. The site was developed by Dapper Labs, the author of the popular game CryptoKitties. The Flow ecosystem is supported by leading sports organizations including the NBA, UFC and NFL. The project’s native token is used to pay commissions, execute smart contracts, operate the consensus algorithm, and also as collateral for issued assets. The coins unlocked on September 16 will be distributed between the development team and Dapper Labs.
4. ApeCoin (APE)
Unlock date: September 17 Number of tokens unlocked: 40,600,000 APE Current circulating supply: 368,593,750 APE
ApeCoin is the native token of Yuga Labs’ Ape ecosystem, which includes one of the most famous NFT collections, Bored Ape Yacht Club. Typically, APE reacts to unlocks by falling – and given that BAYC is currently going through hard times, the next drawdown might be especially large-scale.
Disclaimer
All information contained on our website is published on the principles of good faith and objectivity, and for informational purposes only. The reader bears full responsibility for any actions he takes on the basis of the information received on our website.
1694383285
#important #token #unlocks #week
