3 Token Unlocks to Watch Next Week

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As a seasoned analyst with over two decades of experience in the ever-evolving world of crypto, I’ve witnessed the rise and fall of countless projects, learned from their successes and failures, and developed an uncanny knack for predicting market trends. Next week, the crypto landscape will be abuzz with three significant token unlocks that are sure to shake things up – Aptos (APT), Starknet (STRK), and Sei (SEI).

The token serves as the key to unlock other tokens that were earlier locked due to fundraising contracts. Wisely, projects time these unlocks to minimize market strain and preserve token values.

Watch for these three major token unlocks happening next week.

Aptos (APT)

  • Unlock date: December 11
  • Number of tokens unlocked: 11.31 million APT
  • Current circulating supply: 535.76 million APT

Aptos functions as a Layer-1 blockchain designed to offer a robust and scalable infrastructure for decentralized apps. It places great emphasis on security and performance by utilizing cutting-edge technologies to enhance the overall blockchain experience. Despite being recognized as a successful blockchain initiative, Aptos has faced criticism over its token distribution model, which is heavily influenced by venture capital investments.

Currently, a large share of APT tokens remains locked. On December 11, the project will release 11.31 million APT tokens to community members, core contributors, and investors.

Starknet (STRK)

  • Unlock date: December 15
  • Number of tokens unlocked: 64 million STRK
  • Current circulating supply: 2.25 billion STRK

Starknet is developing a ZK-Rollup system for boosting the scalability of decentralized apps (DApps) on Ethereum. Following a successful financing phase, they introduced the STRK token, an essential component for decentralizing the platform’s operations.

On December 15th, we will make available 64 million STRK tokens, distributing them among our investors and early supporters.

Sei (SEI)

  • Unlock date: December 15
  • Number of tokens unlocked: 55.56 million SEI
  • Current circulating supply: 3.98 billion SEI

SEI is a blockchain system specifically designed to offer fast, scalable infrastructure for Decentralized Finance (DeFi) and other decentralized apps (dApps). It’s built using the Cosmos SDK and operates as a Layer-1 blockchain, prioritizing speed, scalability, and user-friendly features.

On December 15th, the team is planning to distribute approximately 55 million SEI tokens that were set aside for their allocation.

The upcoming cliff token releases next week will feature notables like Cardano (ADA), Etherena (ENA), and Axie Infinity (AXS), along with others, amounting to a collective worth surpassing 740 million dollars.

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2024-12-08 16:08