Question 1

How does token vesting work?

Accepted Answer

Tokens are locked, then released over time. A cliff means nothing unlocks until a set month, after which tokens vest linearly (or in chunks) over the vesting period. It controls how fast supply hits the market.

Question 2

Why do unlocks matter for price?

Accepted Answer

Each unlock adds circulating supply and potential sell pressure, especially from early investors and the team. A big cliff unlock can dump price — knowing the schedule is part of due diligence.

トークンの権利確定/ロック解除計算機

ロック解除は計画的な供給ショックです