#ALEO# The Aleo project plans to unlock approximately 1.2 billion tokens on September 4, 2025. Here is a detailed analysis:

🔒 1. Unlocking Time and Policy
Lock-up period end date: September 18, 2024. Alex Pruden, Executive Director of the Aleo Foundation, made it clear during a community conference call that the lock-up period for all locked tokens is one year and will end on September 4, 2025, after which the tokens can be traded freely.
Coverage: The lock-up period applies to internal personnel (such as team members) and contributors (such as ambassadors and testnet participants). Internal personnel must undergo a 1-year lock-up period, followed by a gradual release over 2 years; contributors only need a 1-year lock-up period.
🔢 2. Unlock quantity based on
Initial Supply: The total initial supply of Aleo Token is 1.5 billion (referred to as "Aleo Points").
Locking ratio: At the launch of the mainnet, the initial circulation will only account for 10%-20% of the total supply (approximately 150 million to 300 million coins), with about 1.2 billion coins (i.e., 80%-90%) in a locked state, in line with the logic of unlocking 1.2 billion Tokens.
👥 3. Unlock Object
Contributors and insiders: The unlocked tokens are mainly allocated to contributors who participated in early incentive programs (such as testnets and ambassador programs), as well as to the team and investors.
KYC requirements: Token distribution must go through strict identity verification (KYC), and the lock-up period is uniformly enforced due to different nationalities of users (both US and non-US residents have a 1-year lock-up period).
⚠️ 4. Potential Impacts and Controversies
Market selling pressure risk: Large-scale unlocking may lead to short-term selling pressure, affecting Token prices.
Regulatory Compliance: The lock-up period design is intended to mitigate regulatory risks and ensure long-term network value.
Unrestricted Staking: Tokens can still be staked and earn rewards during the lock-up period, alleviating some liquidity concerns.