Recently, a project released its tokenomics model, and the data is worth a look.

The airdrop ratio is only 2%, and the team’s lock-up schedule is quite reasonable—24 months fully locked for part of the team, and 12 months for the rest. This setup somewhat reflects the project team’s confidence level.

The initial circulating supply accounts for 22.5%, with a clear composition:

• Emissions + Grants account for 12%
• Treasury reserve at 1%
• Liquidity portion handled separately

What is the logic behind this arrangement? The combined 12% allocation for Emissions and Grants indicates that the project is investing significantly in early ecosystem development and incentives, but circulation pressure is kept tightly controlled. Although the Treasury’s 1% seems insignificant, for a new project, this portion is usually used to handle emergencies and ecosystem growth.

Overall, this token design is quite conservative. The initial circulating supply is not aggressive, and the lock-up mechanism is set relatively long, making the risk of short-term dumping relatively manageable.