Core Viewpoint - The optimal capital formation model for early-stage projects should include mechanisms for long-term holders, such as staking, and a token release strategy that minimizes investor involvement at the Token Generation Event (TGE) [1] Group 1 - Toly suggests that over 20% of tokens should be released on the day of TGE [1] - It is recommended to avoid introducing investors, and if they are included, their tokens should be unlocked 100% after one year post-TGE [1] - The distribution of tokens should ideally be conducted through core user airdrops or fair auctions rather than immediate unlocks for teams and investors [1] Group 2 - A one-year lock-up period for investors may appear daunting but allows the market to reprice between those cashing out and those accumulating [1] - The staking mechanism is proposed to continuously incentivize long-term holders, similar to how long-term funds receive returns in early funding rounds [1]
Solana Toly 谈早期项目代币最优设计：TGE 释放 20% 以上 投资者一年 100% 解锁 优先质押与空投
Xin Lang Cai Jing·2026-01-22 02:45