1f417962da
- Source: inbox/archive/2026-01-01-futardio-launch-mycorealms.md - Domain: internet-finance - Extracted by: headless extraction cron Pentagon-Agent: Rio <HEADLESS>
51 lines
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3.1 KiB
Markdown
51 lines
No EOL
3.1 KiB
Markdown
---
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type: claim
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domain: internet-finance
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description: "Team allocation structure that releases tokens only at 2x/4x/8x/16x/32x price multiples with TWAP verification"
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confidence: experimental
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source: "MycoRealms token structure, 2026-01-01"
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created: 2026-01-01
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---
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# Performance-unlocked team tokens with price-multiple triggers and TWAP settlement create long-term alignment without initial dilution
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MycoRealms implements a team allocation structure where 3M tokens (18.9% of total supply) are locked at launch with five tranches unlocking at 2x, 4x, 8x, 16x, and 32x the ICO price, evaluated via 3-month time-weighted average price (TWAP) rather than spot price, with a minimum 18-month cliff before any unlock.
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At launch, zero team tokens circulate. If the token never reaches 2x ICO price, the team receives nothing. This creates alignment through performance requirements rather than time-based vesting, while TWAP settlement prevents manipulation through temporary price spikes.
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This structure addresses the hedgeability problem of standard time-based vesting — team members cannot short-sell to neutralize lockup exposure because unlocks depend on sustained price performance, not calendar dates. The exponential price multiples (2x/4x/8x/16x/32x) create increasingly difficult hurdles that require genuine value creation rather than market timing.
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## Evidence
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- MycoRealms team allocation: 3M tokens (18.9% of total 15.9M supply)
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- Five unlock tranches at 2x, 4x, 8x, 16x, 32x ICO price
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- 18-month minimum cliff before any unlock eligibility
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- Unlock evaluation via 3-month TWAP, not spot price
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- Zero team tokens circulating at launch
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- If token never reaches 2x, team receives zero allocation
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## Comparison to Standard Vesting
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Standard time-based vesting (e.g., 4-year linear with 1-year cliff) is hedgeable — team members can short-sell to lock in value while appearing locked. Performance-based unlocks with TWAP settlement make this strategy unprofitable because:
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1. Shorting suppresses price, preventing unlock triggers
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2. TWAP requires sustained performance over 3 months, not momentary spikes
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3. Exponential multiples mean early unlocks don't capture majority of allocation
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## Unproven Risks
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This structure is untested in practice. Key risks:
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- Team may abandon project if early price performance is poor (no guaranteed compensation for work during pre-unlock period)
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- Extreme price volatility could trigger unlocks during temporary bubbles despite TWAP smoothing
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- 18-month cliff may be too long for early-stage projects with high burn rates, creating team retention risk
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- No precedent for whether TWAP-based triggers actually prevent manipulation in low-liquidity token markets
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---
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Relevant Notes:
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- [[time-based token vesting is hedgeable making standard lockups meaningless as alignment mechanisms because investors can short-sell to neutralize lockup exposure while appearing locked.md]]
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- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution.md]]
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Topics:
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- [[internet-finance/_map]] |