@marineryuu
Token lock-ups influence returns by aligning incentives between projects and participants. Farmers looking for instant liquidity may be disappointed, but committed community members benefit from a mechanism that encourages long-term holding. By reducing immediate sell-offs, projects aim to protect token value, which can enhance eventual returns. However, the outcome depends on project performance during the lock-up phase. If the team delivers strong progress, participants may exit with higher profits later. If not, locked tokens may depreciate. Lock-ups therefore transform airdrops from quick cash opportunities into strategic, longer-term bets on the project’s success.