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[OVERVIEW]
This proposal suggests delaying the token unlocks for the team and VCs to strengthen the confidence of investors who bought from the open market and attract influencers and more investors. The recommended delay is at least until July 19, with a preference for extending it to September or beyond. The final decision should be made by the Governance Committee after considering the overall situation and community input.
[PERSONALLY I:M FINE WITH UNLOCKS]
1 I:m aware of the upcoming development enhancements (see Cloudless Labs Development and Funding Proposal), some of which have already been delivered, for which you already have notable customers (https://x.com/TheTomTrow/status/1871585487200366764), enhancements that will really drive adoption. This will allow the scaling of the network and help reach the target you have for this year, staking from $10M up to $300M worth of tokens. At the current price, this would buy and lock 10x the current circulating supply. I also know that Cloudless Labs plans to scale the network to the size of one AWS data center in 2026 ($600M of #FLT staked), and possibly several by 2030. That:s the beauty of DePIN, no investor needs to know about the project for the token price to appreciate as the network grows.
2 As far as I know, #RENDER, #AR, #HNT and #LPT (projects with the same main investors as Fluence) all had similar inflation as Fluence, and went from like 0.3$ to 50$, or 75$ (RENDER from 0.03$ to 7$) last bull market, without any ,deflationary, process like how Fluence will have. Some people say, ok, that was the last bull market but this one is different. Look at what $MAVIA did starting with October 2023, then you can go on cryptorank or dropstab and see when the team unlocks started (but it:s true that the VCs and IDO investors were already unlocked at that time). This is just one of many examples.
3 The truth of the matter is that almost all crypto projects in the top 100 were backed by VCs, had low float, high FDV, and unlocks, and all performed better in their first cycle, the inflationary one, than older projects with fewer unlocks.
[NOT ALL UNLOCKS ARE BAD]
Most people believe that everything unlocked will be sold. Most people consider the unlocks of solid projects the same as unlocks for low end money grabing scams. Most people treat team unlocks the same as IDO/ICO investors unlocks. People don:t take into consideration market conditions or deflation mechanics.
https://x.com/hmalviya9/status/1876866752665055323
https://x.com/wacy_time1/status/1800847246273159239
And it drives me insane when I see some X influencers say they don:t like VC-backed projects. I guess scams with fully unlocked supply, which these influencers bought at $1K, $5K, or $10K market cap, and which they promote into hundreds of millions or billions of dollars (only to rug and disappear in the end), people find those fine. These ,influencers, have managed to convince the majority of novice investors in the space to think solid projects are scams, while real scams are great investments.
[FINAL THOUGHTS]
I know the team will not dump tokens; the teams of these projects don:t. VCs will probably take some profits, but I believe everything will be very controlled, considering how diligent Fluence is in making sure the token:s economy stays afloat so the DePIN network succeeds. Most likely, nobody will sell anything until the price reaches a more deserved value. And in a greed season, even bigger sell pressure can:t hold the price from seriously pumping (one example being $SOL). Adding to that, with the upcoming ,deflation, everything seems fine to me.
That being said, the average crypto people, who make up about 85% of these crypto communities (David Vorick:s words), are terrified of unlocks. Influencers talk about what people like. And not to mention the group of haters who are skilled, dedicated, and dying to scare the hell out of every average #FLT investors. So for that reason this proposal.
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