Aptos will release 11.31 million tokens valued at $103 million on June 12, 2024.
On July 12, 2024, another 11.30 million tokens are scheduled for release.
Aptos is trading at $9.04, reflecting a 0.83% increase in the past 24 hours.
Following its last token unlock, Aptos will release another 11.31 million tokens, valued at approximately $103 million, on June 12, 2024. According to tokenomics platform Token Unlocks, the blockchain platform plans to introduce 105.63 million tokens into the market between May 2024 and October 2026. The next scheduled unlock will occur on July 12, 2024, during which 11.30 million APT tokens will enter the circulation.
Token Unlocks revealed that 35% of the tokens are allocated to the Aptos team and 28% to community members. Additionally, 25% are reserved for private investors, while 12% are held in reserve.
Data from DataDrop shows that 344.83 million APT tokens are unlocked, accounting for 34.48% of the Fully Diluted Value (FDV), which is $3.12 billion.
Another 492.71 million APT tokens remain locked, making up 49.27% of the FDV. There are also 162.46 million untracked tokens, representing 16.25% of the FDV and valued at $1.46 billion.
Token unlocks, which increase the circulating supply, can influence token value and market behavior. For investors, understanding the token release schedule is crucial for making informed decisions about entry and exit points.
Meanwhile, these tokens can serve as incentives for project teams. For example, locking tokens for a specific period motivates members while ensuring fairness. The community also benefits from token distribution, as it fosters trust and support for the project.
In DeFi projects, native tokens often represent voting power, making their distribution vital for community engagement. Furthermore, native tokens are essential for network operations for many blockchain projects. Hence, issuing tokens can support the projectâs sustainable growth.
As of press time, Aptos trades at $9.04, marking a 0.83% intraday increase. Furthermore, APTâs market sentiment is bullish, reflected by a Greed score of 73. Additionally, it is trading 26.71% above its 200-day Simple Moving Average (SMA), which is $7.14.
The post Aptos Gears Up for Token Unlock, Fueling Growth and Community Engagement appeared first on Coin Edition.
