This week, there are 4 projects that will be unlocked and are worth paying attention to, namely APT, IMX, FLOW, and APE.

Apartments

Project official website: https://aptoslabs.com/

Official Twitter: https://twitter.com/aptoslabs

Number of unlocked tokens this time: 4.54 million

Amount unlocked this time: (approximately) 32.39 million US dollars

Aptos is one of the two Move public chains that have attracted much attention in the past period of time. This new Layer 1, supported by Facebook's background and technology, has attracted much attention from big capital. The chain aims to provide users with a next-generation PoS public chain with good performance and higher TPS, so as to support the popularization of blockchain at the application layer and welcome billions of users to the crypto world.

APT is the native token of Aptos. The APT token economics show that 51% of its tokens are held in the community treasury; and there is a large amount of token lockup in this token.

Currently, a whopping 83% of tokens are still locked, with only 17% in circulation.

This time, APT unlocked about 4.5 million tokens, accounting for 2.16% of the total circulation.

ImmutableX

Project website: https://www.immutable.com/

Official Twitter: https://twitter.com/Immutable

Number of unlocked tokens this time: 18.08 million

Amount unlocked this time: (approximately) 12.76 million US dollars

Immutable X claims to be Ethereum’s first ZK-rollup layer 2 protocol for trading and transferring NFTs, with instant transaction confirmation, zero gas fees, and huge scalability as it can accommodate 9,000 transactions per second. Immutable X does all this without compromising user ownership. The protocol was built by the Starkware team using StarEx technology.

The unlocking of IMX this time is quite considerable. Judging from the amount alone, it has reached a certain scale. The unlocking amount is worth nearly 13 million US dollars, accounting for nearly 2% of the circulating market value. However, this unlocking situation also happens frequently.

From the perspective of the release model, this unlocking is not too special. Unlocking of similar scale or magnitude occurs every month. And there will be no larger-scale unlocking of magnitude different from such regular unlocking in the future. Investors have sufficient historical data for reference.

Flow

Project official website: https://apecoin.com/

Official Twitter: https://twitter.com/apecoin

Number of unlocked tokens this time: 72.14 million

Amount unlocked this time: (approximately) $4.4 million

Flow is a high-performance chain built for games and NFTs. The product aims to empower the next generation of games, applications, and digital assets. Flow was born, in part, to solve the problem of NFT circulation on the ETH chain. It can be massively expanded without using sharding to keep transactions fast and low-cost.

Flow Token Economics

The release model of Flow shows that FLOW is unlocked linearly, and the normalization is to maintain a small but high-frequency unlocking of FLOW tokens. This time, Flow only unlocked about 4 million US dollars. For FLOW, whose circulation market value has reached hundreds of millions, such a large-scale unlocking is not enough to cause an impact on its huge circulation.

ApeCoin

Project official website: https://apecoin.com/

Number of unlocked tokens this time: 15.6 million

Amount unlocked this time: (approximately) 30.11 million US dollars

ApeCoin (APE) is the governance and utility token of the APE ecosystem with a total supply of 1 billion. The project is controlled and established by the community, with the ApeCoin DAO as its governance organization, allowing all APE holders to vote on governance decisions. In addition to the DAO, Yuga has also established the APE Foundation as the legal regulator of the DAO. The Foundation Board consists of 5 members. At the initial launch of this token, BAYC holders were airdropped a large number of APE tokens.

APE is famous for its issuer Yuga Labs. As the parent company of BAYC, Yuga Labs has become famous in the NFT ecosystem. Yuga has stated that it will actively apply APE and use it as the main token for all new products and services. In addition to BAYC, Yuga also owns two major IPs, CryptoPunks and Meebits.

As early as the beginning of its issuance, APE has received a lot of attention due to its high topicality. However, its large number of large-scale holdings and reserved tokens have also caused it to be criticized for a while. The APE token economics shows that 47% of its tokens are held in the treasury. Even today, about two years after the token issuance, 56% of APE tokens are still locked.

The amount of unlocking this time accounts for 4.23% of the circulation, which is a considerable amount. However, unlocking of the same scale has occurred many times before, and there is enough historical data for reference.

Related Reading

Project unlocking is usually accompanied by short-term fluctuations in token prices. Investors can pay attention to the market and capture trading opportunities, and pay attention to trading and holding risks. For the correlation between tokens and prices, you can read the previous articles of Odaily Planet Daily:

《A brief discussion on the market effect of token unlocking: taking AXS, SAND, and DYDX as examples》

How does token unlocking affect prices? Big data analysis based on 5,000 projects