The dominant mannequin of token distribution within the crypto house today is the so-called “low-float, excessive FDV” launch. On this mannequin, tasks launch with a low fraction of the full provide in circulation, the place many of the provide is locked, usually unlocking step by step after a 12 months. This low circulation is usually coupled with, and maybe even explicitly designed to encourage, a excessive fully-diluted valuation. In accordance with analysis by CoinGecko, right this moment practically 1 / 4 of the trade’s high tokens are low float. Notable latest launches which used this mannequin embody Starknet, Aptos, Arbitrum, Optimism, Celestia, and Worldcoin (the place an astonishing 95.7% of provide stays locked as of this writing).
