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.

3 unlocks to watch this week

Moonbeam (GLMR)

  • Unlock Date: April 11

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

  • Current Circulating Supply: 852,723,433 GLMR

Moonbeam is a parachain on #Polkadot that simplifies interoperability with applications on the Ethereum network, while enhancing scalability. It also serves as a more user-friendly and accessible alternative to Substrate, Polkadot's native tool for creating DApps. The #GLMR token is utilized for gas fees for executing smart contracts, transaction fees, rewarding users responsible for parachain support and network management. On April 11th, the project will unlock over 3 million tokens, which will be distributed among founders and early investors.

Aptos (APT)

  • Unlock Date: April 12

  • Number of Unlocked Tokens: 24,840,000 APT

  • Current Circulating Supply: 398,385,408 APT

Although the layer-one blockchain Aptos can certainly be considered one of the most successful projects of 2023, it has regularly faced criticism from the crypto community for its tokenomics, which are heavily dominated 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 April 11th will be distributed among the Aptos fund, community participants, and investors.

CyberConnect (CYBER)

  • Unlock Date: April 14

  • Number of Unlocked Tokens: 886,120 CYBER

  • Current Circulating Supply: 14,821,350 CYBER

CyberConnect is a decentralized social graph protocol built on the BNB Smart Chain blockchain. It facilitates the creation of social connections between users and projects across various platforms and manages them. The native #CYBER token enables holders to purchase CyberID, vote on protocol improvement proposals, and pay transaction fees. Tokens unlocked next week are reserved for project treasury and ecosystem development.

Liked the overview? Give it a thumbs up! 👍