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
Moonbeam (GLMR)
Unlock Date: January 11
Number of Unlocked Tokens: 3,040,000 GLMR
Current Circulating Supply: 809,845,627 GLMR
Moonbeam is a parachain of Polkadot that simplifies integration with #ethereum network applications while enhancing scalability. It also serves as a more user-friendly alternative to Substrate, Polkadot's native tool for creating DApps. The #glmr token is utilized for gas payments for smart contract execution, transaction fees, rewards for users supporting the parachain, and network management.
On January 11th, the project will unlock 3 million coins, distributed among Moonbeam's founders and early employees.
Aptos (APT)
Unlock Date: January 12
Number of Unlocked Tokens: 24 840,000 APT
Current Circulating Supply: 307,421,111 APT
Although Aptos, a first-layer blockchain, can undoubtedly be considered one of the most successful projects of 2023, it regularly faces criticism from the crypto community for its tokenomics, where venture capital largely dominates. A significant portion of the #apt supply is still locked, with unlocks scheduled every month for the next ten years. Tokens released on January 12th will be distributed among the Aptos fund, community participants, and investors.
CyberConnect (CYBER)
Unlock Date: January 14
Number of Unlocked Tokens: 1,260,000 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 and management of social connections between users and projects across various platforms. The native #cyber token enables holders to purchase CyberID, vote on protocol improvement matters, and pay transaction fees. The tokens unlocked next week will be allocated to participants in the public round and the project treasury.
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