Let’s talk about TGE (Token Generation Event).
The portion of tokens that can be freely transferred at TGE is the “initial circulating supply.”
One thing that’s easy to overlook: TGE marks the point when tokens go from being a “contractual promise” to real assets on the blockchain. Subsequent unlocks and distributions are usually timed from this date.
When researching a new project, check its initial circulating supply at TGE and its subsequent unlock schedule.
The TGE for $ARB took place on March 16, 2023, and the team’s and investors’ allocations were locked for one year from that date.

For record-keeping only, not investment advice.