1. PixelPlaygroundHome
  2. Metaverse Insights

Unlocking Tokens in April 2021: BIT, APECoin, and Aptos to Release Over $330 Million Worth

• Metaverse Insights • 152 views

According to reports, Token Unlocks data shows that the number of tokens planned to be unlocked in April reached 17, which will release a value of over $330 million into the circul

Unlocking Tokens in April 2021: BIT, APECoin, and Aptos to Release Over $330 Million Worth

According to reports, Token Unlocks data shows that the number of tokens planned to be unlocked in April reached 17, which will release a value of over $330 million into the circulation market. Among them, BIT, APECoin (APE), and Aptos (APT) are expected to be the three largest unlocking projects this month. BIT will unlock 187500000.32 tokens on April 15, which is approximately $96 million at current prices. APE is closely following, and 15 million tokens will be unlocked on April 17, Accounting for 1.56% of the total project supply, with a value exceeding 66 million US dollars. APT plans to unlock 4.5 million tokens, approximately $52 million, on April 12th.

17 token plans unlocked in April, totaling $330 million

Introduction

Reports from Token Unlocks data reveal that numerous blockchain projects are unlocking their tokens in April 2021. The total number of tokens expected to be released this month is 17, which will result in the circulation market receiving over $330 million worth of the tokens. The largest projects to unlock tokens this month are BIT, APECoin (APE), and Aptos (APT).

BIT

BIT will unlock 187,500,000.32 tokens on April 15, 2021, which equates to approximately $96 million at current prices. BIT operates as a shared digital asset platform with decentralized transactions, autonomous trading systems, and smart contracts.

APECoin (APE)

APE is set to release approximately 15 million tokens on April 17, 2021, accounting for 1.56% of the total project supply. These tokens will have a value exceeding $66 million. APE is a payment method with a focus on a decentralized payment system that incorporates a stablecoin.

Aptos (APT)

APT, on April 12, 2021, plans to unlock 4.5 million tokens, which is around $52 million. The APT network allows for the execution, development, and monitoring of distributed software programs or smart contracts. It ensures the security, scalability, and cost-effectiveness of the entire operation.

The Significance of Token Unlockings

Token unlockings represent a significant moment for any digital asset project, influencing both the project’s price and the sentiment of the holders of the token. The unlockings provide an opportunity for early investors or stakeholders to liquidate their tokens, either partially or entirely. The impact of unlocking tokens on the market is heavily dependent on market demand and supply.

Conclusion

In summary, there are various blockchain projects that are unlocking their tokens in April 2021. BIT, APECoin, and Aptos are the three most significant projects to unlock their digital assets, with a release of over $330 million worth of tokens into the circulation market. Keep an eye out for market changes following these unlockings.

FAQs

1. What are the implications of token unlocking on a project’s price?
Token unlockings can have both positive and negative effects on a project’s price. Generally, they lead to a decrease in token price as the circulation market becomes oversaturated with tokens.
2. How do token unlockings impact the holders of the token?
Token unlocking can create uncertainty for token holders and may influence their sentiment towards the project, ultimately leading to a sell-off.
3. Are there any benefits of token unlocking for digital asset projects?
Yes, token unlocking provides an opportunity for stakeholders to liquidate their tokens and potentially realize gains. Moreover, it enables projects to fund their operations and continue to grow.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/13105/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/03/2023 11:15
Next 04/03/2023 11:34

Recommended articles