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The $ELSA tokenomics just dropped and here's what caught my attention. We're looking at a 1 billion token total supply with some pretty aggressive distribution toward the community—40% goes straight to community airdrops, which is solid. The TGE airdrop sits at 8%, with smaller allocations like 0.3% for Wallchain and 7.7% for Solana points.
What makes this interesting is the math at a $250M FDV. If we do the calculation, that's roughly $20M worth of tokens hitting the market through these airdrops. Now here's the kicker—assuming there's no additional CEX allocation carved out from that 8% TGE portion, the tokenomics actually start to look pretty reasonable. CEX drops can sometimes dilute early adopters' value, so avoiding that could be a positive signal.
That said, the devil's always in the details with these things. The heavy community focus is refreshing, but execution on actually building value matters way more than the spreadsheet. The overall structure doesn't scream red flags, but I'd still want to see what the unlock schedules look like before getting too bullish. Where do you stand on this one?