Token lockup, also known as the vesting period, refers to a period of time when tokens cannot be traded or liquidated. The duration of that period depends on the team’s strategy and, in some cases, lasts several years. As usual, the VR Soldier team carefully works out 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.
3 Tokens Will Experience Massive Unlocks this Week:
1. Liquity (LQTY)
Unlock date: March 5
Number of tokens unlocked: 657,350 LQTY
Current circulating supply: 95,217,764 LQTY
LQTY is the native token of the decentralized lending platform Liquity, which issues loans in the LUSD stablecoin at a 0% interest rate using ETH as collateral. LQTY holders can stake coins to receive a portion of the fees generated when opening and closing loans. The tokens unlocked on February 5 will be distributed between the team and project advisors.
2. Galxe (GAL)
Unlock date: March 5
Number of tokens unlocked: 2,030,000 GAL
Current circulating offer: 89,922,000 GAL
Galxe, formerly known as Project Galaxy, is web3’s largest credential network that helps brands and developers build trusted, decentralized products. The GAL token can be used to pay for the Galaxy Oracle Engine and Credential API. In addition, its holders have the right to vote when making important decisions within the Project Galaxy DAO. Coins unfrozen during the next unlock will be at the disposal of the project team, the Galxe Foundation, and the community.
3. Hashflow (HFT)
Unlock date: March 7
Number of tokens unlocked: 13,620,000 HFT
Current circulating supply: 360,973,624 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 February 7, the project team will unlock more than 13 million HFT, which will be distributed among developers, early investors, and community members.
