Some recent TGEs launched below their previous round valuations.

Their disgruntled investors will vest slowly, constantly depressing the price and killing momentum.

Why not just immediately unlock any private round investor if 7day TWAP post-TGE < their investment valuation 🤔

It’s an act of goodwill to investors, and allows them to get out immediately for a loss.

In return, long-term believers get a better price at a crucial time!

Seems like a win-win, what am I missing?