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

According to Odaily Planet Daily, Multicoin co-founder Kyle Samani posted on X, "For years I've been advocating that invested projects be 100% unlocked on day 1, as this is the only way to achieve efficient price discovery. The team that came closest to doing this is Solana, who did a major unlock in their ninth month."

Kyle Samani added that another option worth considering is for the team to lock up their shares, but the investors don't. This approach is rationalized because the investors have already done their job—they've invested the money, and their task is complete; the employees haven't finished their work—they need to continue. A mechanism based on price or time-triggered unlocking could be used to make this model more acceptable to employees.