Razlokom (English unlock) called the unlocking of tokens that were previously frozen under the terms of investment rounds or other fundraising programs.
Usually, the team carefully works out the tokenomics so as not to cause a lot of selling pressure at various stages of the unlock and thereby bring down the price of the token. However, some factors, such as lack of liquidity or profit-taking by early investors immediately after tokens are unlocked, can seriously hit the asset’s quotes.
- Release date: June 1
- Number of unlocked tokens: 249.807 million (16.6%% of the total supply)
- Value of unlocked tokens: $99 million
- Total market capitalization: $323.91 million
1inch is a decentralized exchange liquidity aggregator that uses order routing and limit order placement technologies. The platform offers the most favorable prices for the exchange of cryptocurrencies, which it collects from dozens of sources in real time. 1inch supports a large number of decentralized finance (DeFi) protocols and pools running on different blockchains – Ethereum, BNB Chain, Polygon, Optimism, Arbitrum and others.
The next 1INCH unlock will happen on June 1 – it will end on this day cliff almost 250 million tokens dedicated to developers, early investors and venture capital funds. A cliff (from the English cliff – threshold) is a period of time during which a digital asset is locked in a smart contract. After it ends, it starts vesting (from English vesting – vesting) – a freezing period during which coin holders cannot sell them.
Vesting can be linear, where tokens are unlocked evenly over a certain amount of time, or have a non-linear unlock process with varying time frames. Its parameters and duration are programmed in the smart contract and cannot be changed.
2. NEAR Protocol (NEAR)
- Unlock date: June 4
- Number of unlocked tokens: 7.75 million (0.78% of the total supply)
- Value of unlocked tokens: $12.64 million
- Total market capitalization: $1.48 billion
Near Protocol is an open source, high throughput smart contract platform for building decentralized applications. Several hundred protocols and decentralized applications work in the NEAR ecosystem – data storage services, oracles, custodial services, wallets, liquidity providers and many other projects.
The next NEAR unlock will take place on May 4th. Most of the “unfrozen” tokens – 3.02 million – are intended for developers. Another 2.83 million will be distributed to community grants, with the remainder used as transaction fees.
- Release date: June 6
- Number of unlocked tokens: 6.44 million (0.64% of the total supply)
- Value of unlocked tokens: $13.03 million
- Total market capitalization: $325.65 million
dYdX is the largest decentralized derivatives trading protocol. It is currently in the process of transitioning from StarkEx, an Ethereum-based L2 network built by StarkWare, to its own Cosmos-based blockchain. This is a five-phase plan that focuses on incremental testing before final rollout.
Scheduled token unlocks can be useful for tokenomics and long-term user empowerment. But in the short term, they tend to undermine prices. Therefore, the entry of 6.44 million DYDX into the market may have a negative impact on the asset’s quotes.
4. Internet Computer (ICP)
- Release Date: June 11
- Number of unlocked tokens: 3.31 million (0.71% of total supply)
- Value of unlocked tokens: $16.6 million
- Total market capitalization: $2.13 billion
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 embedded in the blockchain and allows the service to work autonomously, without access to the main network, relying on user support.
On June 11, the project will unlock more than 3 million tokens belonging to the participants of the strategic and seed rounds, so on this day we can expect increased volatility in the price of ICP.
5. Aptos (APT)
- Release date: June 12
- Number of unlocked tokens: 4.54 million (0.45% of the total supply)
- Value of unlocked tokens: $38.35 million
- Total market capitalization: $1.68 billion
Although the Aptos Level 1 (L1) blockchain can definitely be called one of the most successful projects of this year, it has already been criticized by the crypto community for its tokenomics, which is largely dominated by venture capital. Most of the APT offer is still locked – unlocks will take place every month for the next ten years.
6. Filecoin (FIL)
- Release Date: June 14
- Number of unlocked tokens: 5.56 million (0.28% of the total supply)
- Unlocked token value: $25.61 million
- Total market capitalization: $1.97 billion
Filecoin is an infrastructure project focused on decentralized data storage with built-in economic incentives for users. The company behind it, Protocol Labs, is known for creating the IPFS network communication protocol for distributed file storage and launching the popular CoinList crowdsale platform.
The next FIL unlock will take place on June 14 — the tokens unlocked on this day will be distributed between the Protocol Labs team and the Filecoin Foundation.
7. Blur (BLUR)
- Release Date: June 14
- Number of unlocked tokens: 198.45 million (6.62% of the total supply)
- Value of unlocked tokens: $101.2 million
- Total market capitalization: $245.64 million
Last October, NFT marketplace Blur held several airdrops and distributed tokens to traders and users who switched to Blur.io from competing sites. At the same time, participants in the latest airdrops received more BLUR than early adopters. These actions angered members of the crypto community, who accused the project team of hushing up the details of tokenomics and market manipulation.
The BLUR unlock, which will take place on June 14, is worth watching especially closely: one of the past major unlocks brought down the price of the asset by more than 80%.
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