5 Token Unlocks to Watch Next Week
Date: 2023-08-07 Author: Karina Ziganova Categories: BLOCKCHAIN
1. Hashflow (HFT)
Unlock date: August 7
Number of unlocked tokens: 3,230,000 HFT
Current circulating supply: 175,229,156 HFT
Hashflow is a decentralized exchange (DEX) that provides interoperability, zero slippage, and MEV-protected trading. It offers built-in cross-chain swap functionality without the use of bridges or synthetic assets, allowing you to freely trade on one or more networks with guaranteed price execution.
The native protocol token is called HFT. Users can stake it and access various features of the Hashflow ecosystem. 2.81 million of the 3.23 million coins that will be unlocked on August 7 will be used to develop the ecosystem. The rest is used as a reward for community members.
2. Nym (NYM)
Unlock date: August 7
Number of unlocked tokens: 45,630,000 NYM
Current Circulating Offer: 479,009,289 NYM
Nym is a decentralized network designed to support access to privacy-enhanced apps and services. The blockchain uses token-based incentives to fund operating costs and scales dynamically to meet user needs. On August 7, the project will unlock over 45 million tokens held by NYM early investors.
3. Internet Computer (ICP)
Release date: August 11
Number of unlocked tokens: 3,310,000 ICP
Current circulating supply: 440,820,000 ICP
Internet Computer is a blockchain-based decentralized cloud infrastructure project developed by the DFINITY Foundation. The main technology of Internet Computer is Open Internet Service. This code is built into the blockchain and allows the service to work without access to the main network, relying on user support.
On August 11, the project will unlock more than 3 million tokens owned by participants in the strategic and seed rounds, so on this day we can expect increased volatility in the price of ICP.
4 Aptos (APT)
Release date: August 12
Number of unlocked tokens: 4,540,000 APT
Current circulating offer: 219 344 387 APT
Although the Aptos Tier 1 blockchain can definitely be called one of the most successful projects of this year, it is regularly criticized by the crypto community for its tokenomics, which is largely dominated by venture capital. Most of the APT supply - more than 80% - is still blocked. The unlocks will take place every month for the next ten years. “Unfrozen” on August 12, the tokens will be distributed between the Aptos Foundation and community members.
5. ImmutableX (IMX)
Release date: August 12
Number of unlocked tokens: 18,080,000 IMX
Current circulating supply: 1,081,888,199 IMX
Immutable X is a second layer (L2) solution for NFT scaling on the Ethereum blockchain. In September 2021, the project raised $12.5 million in just an hour as part of the IMX token sale on the CoinList platform, then closed the investment round in the amount of $60 million, and in March 2022 received another $200 million from ParaFi Capital, Declaration Partners, Tencent Holdings and others companies. More than half of the IMX offer is still blocked. The tokens unfrozen on August 12 will be received by developers and participants in the private funding round.
