Opened the $TMX allocation table expecting boilerplate and got stuck on the very first line.
Total supply is 1,000,000,000, and 200,000,000 enters circulation at TGE - exactly 20%. So I went looking for where those 200 million actually come from. Community: 150M, no vesting. Liquidity Provision: 50M, no vesting. 150 + 50 = 200.
The entire opening float is those two unlocked rows and nothing else. Not a single team token, not a single investor token on day one.
Kept going. Investors 280M, Team 150M, Advisors 30M - all three behind a 12-month cliff. That's 460M together, 46% of supply that physically cannot reach the market for a year.
What does move in year one: Ecosystem 290M, 1-month cliff, linear over 48 months, so 290/48 is about 6.04M a month. Foundation 50M, 3-month cliff, spread over 12, so roughly 4.17M a month from month four. Call it 10.2M monthly, around 5% of the opening float. Manageable.
Then I ran month 13 separately. Investors 280M/24 = 11.67M. Team 150M/30 = 5M. Advisors 30M/30 = 1M. Stack ecosystem and foundation on top and you land at 27.9M in a single month, against 10.2M the month before. A 2.7x step on one date.
Being honest about the limits: there is no TGE date in the whitepaper, it just says To Be Announced. So month 13 has no anchor yet, and I'm not building a forecast on something with no starting point.
But the shape of the table is deliberate. @TermMax parked nearly half the supply behind a one-year cliff and built the whole opening float out of unlocked community and liquidity. That's a decision, not an accident of rounding.
Question I keep coming back to: when the TGE date finally lands, will it be chosen so month 13 doesn't fall on the worst part of the cycle?
#TermMax
Total supply is 1,000,000,000, and 200,000,000 enters circulation at TGE - exactly 20%. So I went looking for where those 200 million actually come from. Community: 150M, no vesting. Liquidity Provision: 50M, no vesting. 150 + 50 = 200.
The entire opening float is those two unlocked rows and nothing else. Not a single team token, not a single investor token on day one.
Kept going. Investors 280M, Team 150M, Advisors 30M - all three behind a 12-month cliff. That's 460M together, 46% of supply that physically cannot reach the market for a year.
What does move in year one: Ecosystem 290M, 1-month cliff, linear over 48 months, so 290/48 is about 6.04M a month. Foundation 50M, 3-month cliff, spread over 12, so roughly 4.17M a month from month four. Call it 10.2M monthly, around 5% of the opening float. Manageable.
Then I ran month 13 separately. Investors 280M/24 = 11.67M. Team 150M/30 = 5M. Advisors 30M/30 = 1M. Stack ecosystem and foundation on top and you land at 27.9M in a single month, against 10.2M the month before. A 2.7x step on one date.
Being honest about the limits: there is no TGE date in the whitepaper, it just says To Be Announced. So month 13 has no anchor yet, and I'm not building a forecast on something with no starting point.
But the shape of the table is deliberate. @TermMax parked nearly half the supply behind a one-year cliff and built the whole opening float out of unlocked community and liquidity. That's a decision, not an accident of rounding.
Question I keep coming back to: when the TGE date finally lands, will it be chosen so month 13 doesn't fall on the worst part of the cycle?
#TermMax