Top 3 token unlocks this week

Unlock (English unlock) is called the unlocking of tokens that were previously frozen under the terms of investment rounds or other funding programs.

Typically, 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 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.

1. Hashflow (HFT)

• Unlock date: May 7
• Number of tokens unlocked: 13,620,000 HFT
• Current circulating supply: 394,135,306 HFT

Hashflow is a decentralized exchange (DEX) that provides interoperability, zero slippage, and MEV-proof trading. It offers built-in cross-chain swap functionality without the use of bridges or synthetic assets, allowing you to trade freely across one or multiple networks with guaranteed price execution.

The protocol's native token is called HFT. Users can stake it and gain access to various features of the Hashflow ecosystem. On May 7, the project team will unlock more than 13 million HFT, which will be distributed among developers, early investors and community members.

2. Moonbeam (GLMR)

• Unlock date: May 11
• Number of tokens unlocked: 3,040,000 GLMR
• Current circulating offer: 859 513 080 GLMR

Moonbeam is a Polkadot parachain that makes it easier to run applications on the Ethereum network while increasing scalability. It also serves as a cleaner and more user-friendly alternative to Substrate, Polkadot's native tool for creating DApps. The GLMR token is used to pay gas for the execution of smart contracts and transaction fees, paying rewards to users responsible for supporting the parachain and managing the network.

On May 11, the project will unlock more than 3 million coins, which will be distributed among the founders and early investors.

3. Aptos (APT)

• Unlock date: May 12
• Number of tokens unlocked: 11,310,000 APT
• Current circulating supply: 427,929,752 APT

While Aptos' layer 1 blockchain can definitely be called one of the most successful projects of 2023, it is regularly criticized by the crypto community for its tokenomics, which is largely dominated by venture capital. Much of the APT supply is still blocked. Unlocks will occur every month for the next ten years. The tokens released on May 12 will be distributed among the Aptos Foundation, community members and investors.