Unlock (English). unlock) is the unlocking of tokens that were previously frozen under the terms of investment rounds or other programs to attract financing.
Usually the team carefully works out tokenomics so as not to cause a lot of selling pressure at various stages of the unlock and thereby not bring down the price of the token. However, some factors – for example, a lack of liquidity or profit-taking by early investors immediately after the tokens are unlocked – can seriously affect the asset’s quotes.
The BeInCrypto editors have selected 5 important unlocks to watch next week.
1. CyberConnect (CYBER)
Unlock Date: February 14 Number of Tokens Unlocked: 2,360,000 CYBER Current Circulating Supply: 14,821,350 CYBER
CyberConnect is a decentralized social graph protocol built on the BNB Smart Chain blockchain. It helps create and manage social connections between users and projects across platforms. The native token СYBER allows holders to buy CyberID, vote on issues related to improving the protocol, and pay transaction fees. The tokens unlocked next week are intended for participants in the public round and the project treasury.
2. The Sandbox (SAND)
Unlock Date: February 14 Number of Tokens Unlocked: 205,590,000 SAND Current Circulating Supply: 2,237,731,926 SAND
The Sandbox is one of the most popular metaverses built on the Ethereum blockchain. Users of the platform can develop the virtual world, create real estate and objects, move around and participate in mini-games. The native SAND token is used to interact with the ecosystem and make payments. The tokens that will be unlocked on February 14th account for almost 10% of the circulating supply, so the unlocking could provoke increased volatility and significantly affect the asset’s quotes.
3. Flow (FLOW)
Unlock Date: February 16 Number of Tokens Unlocked: 2,600,000 FLOW Current Circulating Supply: 1,487,858,625 FLOW
Flow is a blockchain platform designed to issue non-fungible tokens (NFTs) and create gaming applications. The development of the site was carried out by Dapper Labs, the author of the popular game CryptoKitties. The Flow ecosystem is supported by leading sports organizations including the NBA, UFC and NFL. The project’s native token is used to pay commissions, execute smart contracts, operate the consensus algorithm, and also as collateral for issued assets. Unlocked on February 16th, the coins are destined for Dapper Labs.
4. ApeCoin (APE)
Unlock Date: February 17 Number of Tokens Unlocked: 15,600,000 APE Current Circulating Supply: 596,638,257 APE
ApeCoin is the native token of Yuga Labs' Ape ecosystem, which includes one of the most popular NFT collections, Bored Ape Yacht Club.. Typically, APE reacts to unlocks by falling – however, given the renewed interest of users in non-fungible tokens in general and BAYC in particular, the next drawdown may not be so large.
5. Manta (MANTA)
Unlock date: February 18 Number of tokens unlocked: 6,670,000 MANTA Current circulating supply: 251,000,000 MANTA
Manta Network – a modular blockchain for zero-knowledge (ZK) applications. It includes two networks:
Manta Pacific – A modular L2 ecosystem for EVM-native ZK applications and dApps that want to provide the lowest cost and best experience for users Manta Atlantic – The fastest L1 blockchain on Polkadot that provides programmable ZK privacy IDs and on-chain credentials via zkSBTs
Unlocked at the end of next week, MANTA tokens are intended for participants in the public round of sales.
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