Yesterday I wrote about unlock percentages. Today I want to talk about a related but separate idea: vesting cliffs vs. continuous emissions.
A vesting cliff is a specific date when a large batch of tokens unlocks. It's binary — before the date, nothing releases. On the date, everything does. Falcon Finance (FF) has one today: 203 million tokens, about 6.47% of circulating supply.
Continuous emissions are different. Instead of one big release, tokens drip into circulation steadily. Staking rewards, liquidity mining incentives, and ecosystem grants often work this way. There's no single "unlock day" — just constant, predictable supply growth.
Why this matters: cliff unlocks are easier to trade around because the date and size are known. Continuous emissions are harder to react to because they're always happening. They're baked into the price over time.
Today has both types. FF has a cliff unlock. HYPE also has an unlock today — roughly 14 million tokens, worth about $1.2 billion, representing about 2.7% of market cap. But HYPE's unlock is part of a monthly schedule that continues through 2029. It's not a one-time event.
The question with any supply event: is this a cliff or a drip? And is the market already expecting it?
$FF $HYPE
#CryptoEducation #TokenUnlocks #Tokenomics
A vesting cliff is a specific date when a large batch of tokens unlocks. It's binary — before the date, nothing releases. On the date, everything does. Falcon Finance (FF) has one today: 203 million tokens, about 6.47% of circulating supply.
Continuous emissions are different. Instead of one big release, tokens drip into circulation steadily. Staking rewards, liquidity mining incentives, and ecosystem grants often work this way. There's no single "unlock day" — just constant, predictable supply growth.
Why this matters: cliff unlocks are easier to trade around because the date and size are known. Continuous emissions are harder to react to because they're always happening. They're baked into the price over time.
Today has both types. FF has a cliff unlock. HYPE also has an unlock today — roughly 14 million tokens, worth about $1.2 billion, representing about 2.7% of market cap. But HYPE's unlock is part of a monthly schedule that continues through 2029. It's not a one-time event.
The question with any supply event: is this a cliff or a drip? And is the market already expecting it?
$FF $HYPE
#CryptoEducation #TokenUnlocks #Tokenomics
