"Unlock" refers to the process of unlocking tokens that were previously inaccessible due to the conditions of investment stages or other financing schemes. The editors at BeInCrypto have selected 5 key unlocks to closely watch this week.
1. Aptos (APT)
- Unlock Date: December 12
- Unlocked Tokens: 24,840,000 APT
- Current Circulating Supply: 279,045,403 APT
Despite Aptos blockchain being one of the most successful projects of the year, it often faces criticism from the crypto community due to its tokenomics, dominated by venture capital influence. About 80% of the total APT token supply remains inaccessible. The token unlocking will occur monthly over the next ten years. The tokens freed up on December 12 will be distributed among the Aptos Foundation, early investors, and active community members.
2. CyberConnect (CYBER)
- Unlock Date: December 15
- Unlocked Tokens: 1,260,000 CYBER
- Current Circulating Supply: 14,821,350 CYBER
CyberConnect is a decentralized social network protocol developed on the BNB Smart Chain. This protocol simplifies creating and managing social connections between users and various projects across platforms. The CYBER token is used for purchasing CyberID, participating in protocol improvement voting, and paying transaction fees. The tokens to be unlocked next week are intended for open-round funding participants and the project treasury.
3. Filecoin (FIL)
- Unlock Date: December 15
- Unlocked Tokens: 5,450,000 FIL
- Current Circulating Supply: 397,870 FIL
Filecoin focuses on decentralized data storage, offering economic incentives to participants. Supported by Protocol Labs, known for developing the IPFS decentralized file storage protocol and creating CoinList, a platform for crowdsales. The next FIL token unlock is scheduled for December 15, with the unlocked tokens being distributed between the Protocol Labs team and the Filecoin Foundation.
4. Uniswap (UNI)
- Unlock Date: December 16
- Unlocked Tokens: 8,330,000 UNI
- Current Circulating Supply: 479,950,000 UNI
Uniswap is a leading decentralized cryptocurrency exchange on the Ethereum blockchain. The UNI tokens to be unfrozen on December 16 are intended for the project's advisors, team, and investors.
5. ApeCoin (APE)
- Unlock Date: December 17
- Unlocked Tokens: 15,380,000 APE
- Current Circulating Supply: 368,593,750 APE
ApeCoin is the primary token of the Ape ecosystem by Yuga Labs, including the famous NFT collection Bored Ape Yacht Club. Usually, APE's price drops in response to token unlocks. However, considering the growing user interest in NFTs and the BAYC collection, the next APE price drop may be less significant.
