Unlock Cohort Mix
The composition of one unlock event across beneficiary categories, and how concentrated that composition is.
TradFi parallel: Like knowing who is selling in a secondary offering rather than only its size. A single block from one insider and the same number of shares spread across employees, a foundation and index funds clear the market very differently, even though the share count is identical.
Key Takeaways
- 01Start with the definition: The composition of one unlock event across beneficiary categories, and how concentrated that composition is.
- 02Read the governing documentation before treating a label as a supply conclusion
- 03Separate scheduled entitlement, contractual transferability, and actual circulating supply
- 04Use dated on-chain or canonical data for any amount, percentage, or event date
- 05A buyback, unlock, burn, or reward label does not by itself establish the net supply effect
- 06Remove or qualify any project-specific conclusion that cannot be reproduced from a primary source
How It Works
The composition of one unlock event across beneficiary categories, and how concentrated that composition is.
The label alone does not establish a token's current supply impact. To evaluate unlock cohort mix, read the governing token documentation and contract rules, distinguish scheduled entitlement from tokens that are actually transferable or circulating, and use dated on-chain data for any quantity. Do not infer a burn, price effect, holder behavior, or release amount from the label alone.
When a claim depends on a figure, date, allocation, fee route, or prior market event, retain it only when the underlying primary document, governance record, contract state, or reproducible data snapshot is available. Otherwise state the mechanism generally and leave the project-specific conclusion out.
Real World Examples
Scenario 1: verify before concluding
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Use the project's published rules, the relevant contract or governance record, and a dated supply snapshot. Keep only conclusions that those records directly support.
Scenario 2: verify before concluding
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Use the project's published rules, the relevant contract or governance record, and a dated supply snapshot. Keep only conclusions that those records directly support.
Scenario 3: verify before concluding
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Use the project's published rules, the relevant contract or governance record, and a dated supply snapshot. Keep only conclusions that those records directly support.
Scenario 4: verify before concluding
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Use the project's published rules, the relevant contract or governance record, and a dated supply snapshot. Keep only conclusions that those records directly support.
Scenario 5: verify before concluding
View →
Use the project's published rules, the relevant contract or governance record, and a dated supply snapshot. Keep only conclusions that those records directly support.
Frequently Asked Questions
How is cohort mix different from a token's beneficiary categories?
Check the governing documentation, contract state, and dated on-chain or canonical data. The answer depends on the project's specific rules and current supply state, so do not infer it from the label alone.
Is a multi-stakeholder unlock safer than a single-cohort one?
Check the governing documentation, contract state, and dated on-chain or canonical data. The answer depends on the project's specific rules and current supply state, so do not infer it from the label alone.
Does the recipient label predict what happens to price?
Check the governing documentation, contract state, and dated on-chain or canonical data. The answer depends on the project's specific rules and current supply state, so do not infer it from the label alone.
So is cohort mix worth reading at all?
Check the governing documentation, contract state, and dated on-chain or canonical data. The answer depends on the project's specific rules and current supply state, so do not infer it from the label alone.
Related Terms
beneficiary categoryinvestor cost basisunlock concentrationinsider unlockunlock price impactsupply pressure
Track on Tokenomist
Supply-side analysis for educational purposes. Not financial advice. Verify assumption and precision labels on the relevant token page.
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