Liquifi

• 很重要，会直接影响你 token 的观感和表现
  • token 拥有者都有谁，怎么分布的
• allocation
  • 19% of tokens allocated across founders, employees, and other contributors.
  • Investors have about 11%, but this average includes projects that do not have investors on their token cap table, which brings down the overall category allocation. However, if you only include projects that raise tokens with investors, the token allocation percentage increases to 19%.
  • Company Reserves or Treasury funds, typically reserved for funding future product, development, and operating expenses, are allocated about 20%
  • Community Incentives or Distributions have the largest allocation at 43%.
    • higher for DeFi and Gaming
      • bootstrapping liquidity
      • early player growth and community engagement
        • heavily dependent on the number of players and gamers in the ecosystem
  • 6% of tokens were allocated for Public Sales. down from 55% in 2017.
  • 2% of tokens are typically allocated to partners and advisors.
• Token allocations have shifted from 'Public sales' to 'Community and Ecosystem incentives'
• Infrastructure projects (e.g., ENS, Biconomy, Radicle, and API3) tend to allocate more tokens to the core team members and company fund, likely due to providing immediate utility without relying on sufficient liquidity or game players.
• Vesting/lockup periods are between 3-4 years for Core Team members and 2 years for Investors
  • The 1-year cliff or lockup is most common, closely associated with the standard 4-year vesting period.
  • 31% of projects have no cliff.