Unlock is the process of releasing tokens that were previously locked as part of investment rounds or other fundraising programs.

The team usually carefully considers the tokenomics to avoid significant selling pressure at different unlock stages and prevent token price decline. However, certain factors, such as liquidity constraints or early profit-taking by investors immediately after token unlock, can have a significant impact on the asset's valuation.

5 Unlocks to Watch This Week

LooksRare (LOOKS)

  • Unlock Date: October 10

  • Number of Unlocked Tokens: 11,100,000 LOOKS

  • Current Circulating Supply: 500,670,000 LOOKS

LOOKS is the token of the LooksRare NFT marketplace, created as a decentralized alternative to OpenSea. The token is used to reward community participants and allows them to participate in voting and receive exclusive drops. This week, 11.1 million #looks tokens will be unlocked, which represents 2.05% of the current circulating supply.

Moonbeam (GLMR)

  • Unlock Date: October 12

  • Number of Unlocked Tokens: 9,680,000 GLMR

  • Current Circulating Supply: 753,227,963 GLMR

Moonbeam is a parachain on the Polkadot platform that enables the creation and scalability of applications on the Ethereum network. It also offers a more accessible alternative to the Substrate framework for developing DApps on Polkadot. The #glmr token is used for gas fees in executing smart contracts, transaction fees and rewarding users who support the parachain and govern the network.

On October 12, nearly 10 million tokens will be unlocked and distributed among seed round participants, key partners and early investors.

Aptos (APT)

  • Unlock Date: October 12

  • Number of Unlocked Tokens: 4,540,000 APT

  • Current Circulating Supply: 239,151,896 APT

Aptos is a premier blockchain platform, but it has faced criticism from the crypto community due to the dominance of venture capital in its tokenomics. A majority of the #apt token supply, over 80%, is still locked. Unlocking will occur monthly for the next 10 years. Unlocked tokens on October 12 will be allocated to the Aptos fund and community participants.

CyberConnect (CYBER)

  • Unlock Date: October 15

  • Number of Unlocked Tokens: 1,260,000 CYBER

  • Current Circulating Supply: 11,038,000 CYBER

CyberConnect is a decentralized social graph protocol built on the BNB Smart Chain blockchain. It allows for the creation and management of social connections between users and projects on various platforms. The native #cyber token is used for purchasing CyberID, participating in protocol improvement voting and paying transaction fees. Unlocked tokens this week are intended for public round participants and project treasury.

Filecoin (FIL)

  • Unlock Date: October 15

  • Number of Unlocked Tokens: 8,610,000 FIL

  • Current Circulating Supply: 11,038,000 CYBER

Filecoin is an infrastructure project that provides decentralized data storage and incentivizes users with economic rewards. The company Protocol Labs, behind the project, is known for creating the InterPlanetary File System (IPFS) and launching the CoinList crowdsale platform.

The next #fil token unlock will occur on October 15 and the unlocked tokens will be distributed among the Protocol Labs team and the Filecoin fund.

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