#代币经济学与分配 Reflecting on the project experiences of these years, I can't help but marvel at the importance of tokenomics design. The proposal released by Monad is indeed worth a look. The initial total supply is 100 billion Tokens, and nearly half was unlocked on the first day of the Mainnet launch, which is no small number. Among them, 10.8% entered circulation through public sale and Airdrop, while 38.5% is managed by the foundation. This high proportion of early circulating supply has often triggered price fluctuations in the past.

However, Monad has also made some adjustments. The tokens for investors, the team, and the treasury all have a lock-up period of at least one year to ensure long-term alignment of interests. 7.5% of the tokens are sold at a $2.5 billion FDV, and 3% is allocated for Airdrop distribution. This structure is still relatively reasonable in the current market environment.

History tells us that token distribution must consider early liquidity while also balancing long-term development. Monad's plan appears aggressive yet is not without caution. As a witness, I understand that the success or failure of a project is often foreshadowed in its early stages. I hope they can learn from past lessons and find a balance between incentives and constraints. After all, tokenomics is not just a numbers game; it concerns the future of the entire ecosystem.