Spend five minutes on crypto Twitter and you'll see people either panicking or celebrating the second the word 'unlock' shows up. Nobody actually stops to explain what it means though. Let's fix that
Before a token ever touches an exchange, the project usually takes money from venture capital firms. In return, those firms get an allocation of tokens. But here's the catch: they don't get to keep them right away. The tokens trickle out over time. That's vesting, in a nutshell.
It generally breaks down into two stretches:
Part | What Actually Happens |
Cliff | Dead period. No tokens move at all. Usually somewhere between 6 and 12 months. |
Vesting | "Once the cliff's over, tokens start trickling out — month by month — until the investor's finally got their full bag. |
Let's put actual numbers on this; it's easier to picture that way. Say a VC fund puts in money and gets 12 million tokens, with a 1-year cliff and a 2-year vesting schedule. For that first year, they get nothing — zero. Then, starting month 13, they start collecting roughly 1/24th of their stack every month. By the time month 36 rolls around, the whole 12 million is finally in their wallet.
Why should anyone care? Because if a VC could just dump their entire bag the day a token launches, the price could get wrecked before the project even has a chance to build momentum. Vesting is basically the seatbelt that keeps that from happening on day one.
There's a tweet going around claiming three fairly well-known tokens are all closing in on the tail end of their VC vesting timelines, all within a few weeks of each other:
$APT — Sep 12
$SQD — Sep 25
$GRASS — Oct 31
We went and checked this against the actual official vesting terms, and here's the honest answer: the exact calendar dates don't line up perfectly. Most projects don't publish "your tokens unlock on this specific day" — they work off month-based cliffs instead. But the broader claim holds up. All three genuinely are wrapping up their original investor unlock schedules somewhere in that same window of 2026.
Here's the short version, side by side:
Token | Investor Allocation | Vesting Terms | Roughly Wraps Up | Source |
APT | 13.48% of supply | 12-month cliff, then 48 months of monthly releases from Aptos's October 2022 mainnet launch | Around October 2026 | |
SQD | ~28% combined (Pre-Seed + Seed) | 6-month lockup, then 24 months of monthly releases from its May 2024 TGE | Around November 2026 | |
GRASS | 25.2% of supply | 1 year cliff, then 1 year of monthly releases from its October 2024 TGE | Around October 2026 |
Source :- X Post
Okay, now let's actually dig into each one.
Aptos comes from a team of former Meta engineers, several of whom worked on the ill-fated Diem project before Meta shut it down. The idea behind Aptos is to build something scalable and secure enough for real developers to actually want to build on.
Quick side note for anyone newer to this space: a Layer 1 blockchain just means it's its own independent network — its own consensus, its own native coin, its own rules. It's not riding on top of another chain the way Layer 2 solutions do.
Mainnet went live in October 2022, starting with a supply of 1 billion APT. Here's how that supply gets carved up:
Allocation | Share | Vesting |
Community | 51.02% | Gradual, ongoing |
Core Contributors | 19% | 1-year cliff, then 4-year linear |
Foundation | 16.5%* | 1-year cliff, then 4-year linear |
Investors | 13.48%* | 1-year cliff, then 4-year linear |
Source :- Aptos Tokenomics
Investor tokens: nothing unlocks for year 1, a faster release from months 13–18, then steady monthly unlocks after that. That four year clock, started in October 2022, runs out around October 2026.
SQD brands itself as "the onchain data layer," which is a fancy way of saying it hands developers clean, verified blockchain data across 225+ networks instead of leaving them to babysit shaky RPC connections. A few names you'd recognize — DeFi names, GMX, Morpho, PancakeSwap — reportedly rely on it already.
Total supply here is fixed at 1,337,000,000 tokens. The early backer rounds break down like this:
Round | Share | Vesting |
Pre-Seed | 12% | 6-month lockup, then 24-month linear |
Seed | 16.3% | 6-month lockup, then 24-month linear |
Put those two together and you're looking at roughly 28% of the entire supply tied up in early-investor hands. Token launch happened in May 2024, so once you stack the lockup on top of the vesting window, the finish line lands somewhere around November 2026.
Grass, built by a team called Wynd Network, pays people for sharing internet bandwidth they weren't using anyway. The app just sits in the background, and companies that need bandwidth for things like data collection tap into it — Grass says it never touches anyone's actual browsing history.
Supply here is capped at 1 billion tokens:
Allocation | Share | Vesting |
Early Investors | 25.2% | 1-year cliff, then 1-year linear |
Foundation & Ecosystem Growth | 22.8% | Separate schedule |
Contributors | 22% | 1-year cliff, then 3-year linear |
Source: Grass Docs
Grass launched its token in October 2024. Tack on the 1-year cliff plus the 1-year vesting for that Early Investors bucket, and it should be fully unlocked by late October 2026 — which is basically where that original tweet's October 31 date was pointing.
Once these investor allocations finish vesting, one specific source of ongoing sell pressure disappears. That's really all it is. It doesn't mean the price is about to rip, it doesn't mean the project is suddenly "safe," and it's definitely not a signal to go buy or sell anything.
Worth remembering too — other buckets like community rewards, foundation funds, and staking rewards usually keep releasing on their own separate timelines long after the VC portion is done. So this is one piece of the bigger supply puzzle, not the whole thing.
If you're planning to use any of these numbers for your own research, go pull up the live tokenomics pages directly. These percentages move, sometimes daily, so treat this as a starting point rather than the final word.
Disclaimer :-This is for informational purposes only, not financial advice. Always do your own research before making investment decisions.