Inside the Black Box of Market Maker Token Loans: From OTC Agreements to On-Chain DisclosureMany “market maker allocations” in tokenomics are structured as token loans combined with call options rather than direct sales. Projects provide tokens to market makers before TGE, but key terms such as loan amounts, strike prices, and repayment conditions are often undisclosed, making it difficult for retail investors to assess actual circulating supply and potential selling pressure.Bringing MM loan information on ...