Multicoin co-founder: The only way to achieve effective price discovery is to unlock 100% of the tokens on the first day of listing.
Multicoin co-founder Kyle Samani posted on X saying: "For years I have been advocating that the projects invested in unlock 100% on Day 1, which is the only way to achieve effective price discovery. The team closest to doing this is Solana, which had a large unlock at the 9th month."
Kyle Samani added that another option worth considering is for the team to lock tokens, but not the investors. This approach is reasonable because the investors have already done their part — they provided the funds, task completed; the employees have not yet completed their work — they need to keep working. A mechanism triggered by price or time-based unlocking can be adopted to make it easier for employees to accept this model.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big Week Ahead: Ripple Heads to NYC With Wall Street Heavyweights
VIPOil Risk Premiums and rToken Dividend Arbitrage Strategies
1. This week we focus on cross-asset positioning under an energy shock and arbitrage opportunities in tokenized-stock cash dividends. We recommend assessing market direction separately from income sources. Higher oil can weigh on growth valuations, lift inflation expectations, and spark expectations of Fed rate hikes, putting pressure on equities and crypto. 2. rToken net cash dividends can be distributed separately, but buying spot, shorting a perpetual, and holding across the record date does not automatically create an arbitrage. First confirm ex-dividend eligibility, platform snapshots, after-tax amounts, and the corporate-action rules for the short leg. Then compare funding fees, spreads, and execution costs. A dividend arbitrage strategy can be applied to STRC. 3. Next week's Fed decision and major technology earnings are key. Lower policy uncertainty can help restore risk appetite, but a sustained rebound still needs confirmation from rates, cloud growth, capital expenditure, and free cash flow. Our base case is a monthly-timeframe rebound in risk assets and crypto as earnings season, the Fed meeting, and the midterm elections pass and uncertainty recedes. Assets in focus: BTC, ETH, SOL, WTI, ASML, MSFT, GOOG, AMZN, CAT, and STRC
Goldman Sachs Names One Trade to Hedge an AI Market Shock
Big Tech Earnings Are a No-Win Test as Investors Punish Both Capex Cuts and Hikes
Crypto prices
More
