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
Liquity (LQTY)
Unlock Date: March 5Number of Unlocked Tokens: 657,350 LQTYCurrent Circulating Supply: 95,217,764 LQTY
LQTY is the native token of the decentralized credit platform Liquity, which provides loans in the stablecoin LUSD at a 0% interest rate, using ETH as collateral.
#LQTY holders can stake their coins to receive a portion of the fees generated when opening and closing loans. Unlocked tokens on February 5th will be distributed among the project team and advisors.
Galxe (GAL)
Unlock Date: March 5Number of Unlocked Tokens: 2,030,000 GALCurrent Circulating Supply: 89,922,000 GAL
Galxe, formerly known as Project Galaxy, is the largest web3 identity data network that helps brands and developers create reliable decentralized products. The
#GAL token can be used to pay for the Galaxy Oracle Engine and Credential API. Moreover, GAL holders have voting rights when it comes to making important decisions within the Project Galaxy DAO. Coins unfrozen during the next unlock will be allocated to the project team, the Galxe fund, and the community.
Hashflow (HFT)
Unlock Date: March 7Number of Unlocked Tokens: 13,620,000 HFTCurrent Circulating Supply: 360,973,624 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 free trading across one or multiple networks with guaranteed price execution. The native token of the protocol is called HFT. Users can stake it and access various ecosystem functions of Hashflow. On February 7th, the project team will unlock over 13 million
#HFT tokens, which will be distributed among developers, early investors, and community participants.
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