Multicoin co-founder: The only way to achieve effective price discovery is to unlock 100% of tokens on the first day of listing

According to ChainCatcher, Multicoin co-founder Kyle Samani posted on X stating: "For years, I have been advocating for projects we invest in to unlock 100% of tokens on day 1, as this is the only way to achieve effective price discovery. The team that came closest to doing this was Solana, which had a major unlock in the 9th month."

Kyle Samani further added that another option worth considering is for the team’s tokens to be locked, but not the investors’. This approach is reasonable because investors have already completed their work—they have provided the funds, so their task is done; employees, on the other hand, have not yet completed their work—they need to continue contributing. A mechanism based on price or time triggers could be used for unlocking, making it easier for employees to accept this model.