Initially proposed by CryptoBob. Posted here retrospectively.
Introduction:
Token schedules - particularly team allocation - are typically vested over a long period of time to ensure long term commitment and mitigate volatility. As per industry standard, a common practice to eliminate short-term gain motives is having a cliff (not less than 6 months) on team allocation and a vesting period of over 1 year.
ICYMI, there is just a week (7days from the date of listing; mon 23rd/Jan) lockup period for the 250 million $STFX tokens allocated to the STFX team. The emission for those tokens starts on the 29th. Find attached below a spreadsheet (made by a community member) for your perusal on emission schedule.
This token structure/schedule doesn’t reflect long-term commitment/vision from the team and having so much (>70% supply) tokens in circulation for the first year becomes concerning to existing investors and of course future investors undoubtedly.
Based on this, I’m proposing a 6 month cliff on team allocation and a vesting period of at least one a year and a half.
Reasons:
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Demonstrates long-term commitment: By implementing a cliff, the team shows that they are focused on having a perpetual succession and also committed to the success of the project in the long haul. This will help both existing and prospective investors build confidence and increase trust in the project.
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Aligns interest with the community: By not unlocking team allocation in a short-term period shows that the team is and will continue to be motivated to work and has vested interest in the project success.
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Reduces volatility: While this is not undermining the presence of volatility in low market cap assets, team allocation lock can also help reduce volatility, stabilise market price, and stimulate long term holding interest.
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Increases confidence, transparency and trust: If team share is not short-term driven, it shows the team is less likely to engage in activities that may be detrimental to the project.