Unlocking represents the process of releasing previously locked tokens as a result of investment rounds or other funding programs.
The team typically carefully examines the tokenomics to avoid excessive selling pressure at different
#unlock stages and prevent token price crashes. However, certain factors such as lack of liquidity or early profit-taking by investors immediately after token unlocking can significantly impact asset valuations.
5 Unlocks to Watch This Week
Hashflow (HFT)
Unlock Date: November 7Number of Unlocked Tokens: 160,380,000 HFTCurrent Circulating Supply: 217,481,753 HFT
Hashflow is a decentralized exchange (DEX) that offers several advantages such as compatibility, zero slippage, and protection against MEV attacks. It also provides a convenient cross-chain swap feature without the need for bridges or synthetic assets, allowing for seamless trading in one or multiple networks with guaranteed price execution.
The protocol's native token is called HFT. Users can stake it and gain access to various functionalities within the Hashflow ecosystem. On November 7th, the project's team will unlock over 150 million HFT tokens, which will be distributed among developers, early investors, and community participants.
Ethereum Name Service (ENS)
Unlock Date: November 8Number of Unlocked Tokens: 1,460,000 ENSCurrent Circulating Supply: 63,540,000 ENS
ENS, or Ethereum Name Service, is a domain service that allows users to attach a custom domain to their wallet address. It is a decentralized, open-source protocol governed by a DAO.
The
#ens token grants voting rights to holders, enabling them to participate in community proposals and initiate their own votes. The majority of the unlocked coins, available from November 8th, will be sent to the Ethereum Name Service treasury. The remaining tokens will be allocated to key project participants.
STEPN (GMT)
Unlock Date: November 9Number of Unlocked Tokens: 109,680,000 GMTCurrent Circulating Supply: 1,850,000,000 GMT
STEPN is a well-known Web3 application with SocialFi and GameFi elements on the Solana blockchain. Developers offer users the opportunity to earn from physical activity by monetizing running and walking. The platform combines augmented reality (AR) with gameplay, and its token economy is built on a vesting model, which has recently become popular among many crypto projects.
Starting from March 1st, 2023, the platform will daily release 812,903 GMT tokens for incentive rewards, approximately 580,000 tokens for the treasury, and a similar amount for the team. However, the upcoming unlock will be much larger, and such a significant influx of coins into the market may negatively impact the
#gmt price.
DAO Maker (DAO)
Unlock Date: November 9Number of Unlocked Tokens: 14,290,000 DAOCurrent Circulating Supply: 174,070,000 DAO
DAO Maker platform offers a comprehensive set of products designed to enable users to participate in new crypto projects. The most well-known of these is the launchpad, where potential investors can browse upcoming launches and utilize
#dao tokens for investment. The tokens unlocked on November 9th will be distributed among the fund, advisors, and the project's team.
Aptos (APT)
Unlock Date: November 12Number of Unlocked Tokens: 24,840,000 APTCurrent Circulating Supply: 248,346,391 APT
Although the Aptos Layer-1 blockchain is one of the most successful projects of this year, it regularly faces criticism from the crypto community due to its tokenomics, in which venture capital plays a leading role. The majority of
#apt supply - over 80% - is still locked. Unlocking events will occur every month for the next ten years. The tokens released on November 12th will be distributed among the Aptos fund, early investors, and community members.
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