The orthodoxy of locking Crypto tokens is a scam

The dominant token distribution model in the crypto space these days is the so-called “low-float, high FDV” launch. In this model, projects launch with a low fraction of the total supply in circulation, where most of the supply is locked up, usually gradually unlocking after a year. This low circulation is often coupled with, and perhaps even explicitly designed to encourage, a fully diluted high valuation. According to CoinGecko research, today almost a quarter of the industry’s top tokens are low float. Notable recent launches that have used this model include Starknet, Aptos, Arbitrum, Optimism, Celestia, and Worldcoin (where an amazing 95.7% of supply remains frozen as of this writing).