Dragonfly partners propose new token economics recommendations: no longer allowing ununlocked tokens to be pledged and canceling token unlocking cliff periods

BlockBeats News: On February 11th, Haseeb Qureshi, Managing Partner of Dragonfly, proposed a new token economics suggestion in X: "We will no longer allow ununlocked tokens to be pledged. I don't know which project initially proposed this idea, but it is a foolish practice that will weaken the trust of the private equity market. We have never recommended this approach, but some venture capital firms require it, and it has become a popular structure a few years ago. We should completely end this practice of pre release projects. ·Second suggestion: I suggest that we cancel the unlocking cliff period. The standard 4-year token economic structure usually goes like this: there is a large 25% cliff period that unlocks after one year, and everyone is very worried, which has become a huge FUD event. The market dislikes the tiered unlocking method, which should be changed to this: there is no cliff period, unlocking starts from the first year and then continues linearly. You can divide it into two parts, so that by the 24th month, the unlocking speed of venture capital institutions will be consistent with the previous structure, and the market will not have much reaction to it. Through this method, tokens are unlocked daily instead of monthly, so there are almost no issues or special unlocking days. This can make the market more orderly and reduce dramatic events. You can maintain a 4-year unlocking period, but the market will become more stable