@bnc1314
-20% Linear vesting over 4 years: Allows the team to sell a portion of their tokens if needed, especially beneficial for founding teams where 99% of net worth is in locked-in tokens, and where a partial cash-out can provide a significant financial cushion to help the team focus on the long term.
80% target-based distribution:
30% Based on valuation: 1% unlocked for each $1 billion increase in Fully Diluted Valuation (FDV) between $1 billion and $10 billion; 2% unlocked for each $1 billion over $10 billion, based on a long-term moving average.
20% Based on delivery: e.g., product go-live (Completion Phase 2, Decentralized Sequencer).
20% Based on performance: e.g., sustained uptime, throughput, and other long-term operational metrics.
10% Based on key metrics: e.g., long-term lock-in value (TVL), revenue, or number of successful ecosystem applications.
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