Unlock refers to the release of tokens that were previously locked based on conditions from investment rounds or other funding programs.

Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.

6 unlocks to watch this week

Hashflow (HFT)

  • Unlock Date: May 7

  • Number of Unlocked Tokens: 13,620,000 HFT

  • Current Circulating Supply: 394,135,306 HFT

Hashflow is a decentralized exchange (DEX) that provides compatibility, zero slippage, and trading protection against MEV attacks. It offers a built-in cross-chain swap feature without using bridges or synthetic assets, allowing for seamless trading across one or multiple networks with guaranteed price execution. The native token of the protocol is called HFT. Users can stake it and gain access to various features within the Hashflow ecosystem. On May 7th, the project team will unlock over 13 million HFT tokens, which will be distributed among developers, early investors, and community participants.

Moonbeam (GLMR)

  • Unlock Date: May 11

  • Number of Unlocked Tokens: 3,040,000 GLMR

  • Current Circulating Supply: 859,513,080 GLMR

Moonbeam is a Polkadot parachain that simplifies integration with Ethereum network applications while increasing scalability. It also serves as a more accessible and user-friendly alternative to Substrate, Polkadot's native tool for DApps creation. The GLMR token is used to pay for gas fees for smart contract execution and transaction fees, as well as to reward users responsible for supporting the parachain and managing the network. On May 11th, the project will unlock over 3 million coins, which will be distributed among founders and early investors.

Aptos (APT)

  • Unlock Date: May 12

  • Number of Unlocked Tokens: 11,310,000 APT

  • Current Circulating Supply: 427,929,752 APT

Although the layer one blockchain Aptos can certainly be considered one of the most successful projects of 2023, it is regularly criticized by the crypto community for its tokenomics, which are heavily influenced by venture capital. A large portion of the APT supply is still locked. Unlocks will occur monthly over the next ten years. Tokens released on May 12th will be distributed among the Aptos fund, community participants, and investors.

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