Unlock means the release of tokens that were previously frozen according to the terms of investment rounds or other fundraising programs.

Usually, the team carefully plans the tokenomics to avoid putting significant pressure on sellers at various #unlock stages and thus prevent the collapse of the token price. However, certain factors, such as a lack of liquidity or early investors taking profits immediately after token unlock, can significantly impact the asset's quotes.

3 unlocks to watch this week

Avalanche (AVAX)

  • Unlock Date: December 21

  • Number of Unlocked Tokens: 9,540,000 AVAX

  • Current Circulating Supply: 281,830,000 AVAX

Avalanche is an open-source platform designed for launching decentralized applications and deploying public and private blockchains within a unified scalable ecosystem. The native token of the project, AVAX, is used for paying fees and settling transactions within the #avalanche subnets. It can also be staked with an annual yield of up to 11%.

Unlocked on December 21, 9.5 million coins will be distributed among the project team, participants in the airdrop, strategic partners, and the Avalanche fund.

Space ID (ID)

  • Unlock Date: December 22

  • Number of Unlocked Tokens: 18,490,000 ID

  • Current Circulating Supply: 430,506,132 ID

Space ID is a universal decentralized identification protocol that connects individuals, assets, and dApps across different blockchains. The platform enables the use of a single domain name to represent one's identity across various applications and networks. On December 22, the project will unlock over 18 million #id tokens, distributing them between the Space ID fund and airdrop participants.

Algorand (ALGO)

  • Unlock Date: December 22

  • Number of Unlocked Tokens: 33,340,000 ALGO

  • Current Circulating Supply: 8,000,000,000 ALGO

Algorand is a high-performance blockchain with fast and cost-effective transactions, operating on its proprietary Pure Proof-of-Stake (PPoS) consensus algorithm. The native token, ALGO, is used for staking, paying fees, launching relay nodes, and as a governance token.

The majority of tokens unlocked on December 22 will go to #algo stakers, while the remaining coins will be utilized to reward new blockchain users.

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