Thread by @Xerberus_io

@MELD_labs #Tokenomics: Someone asked in our previous @nmkr_io thread if we generally have observed smart contract-based vesting: We think so, but we have yet to confirm our observation officially. (@flubdubster)

A thread 🧵

#ADA #MELD #transparency #accountability #NFT #eUTXO

1) Upon initial research, it seems that #MELD is seemingly using a smart contract to operate its various vesting schedules.

2) We kindly ask the @MELD_labs team for more information about this smart contract and its uses, is it meant for vesting schedules as theorized?

👇 See link 👇 cardanoscan.io/address/71c677…

3) We can see that over 30% of the total token supply is delegated to this so-called "vesting contract"; looking at the published tokenomics of #MELD, it seems reasonable to assume the vesting tokens are used for private investors.

4) Depending on the motive and long vs. short-term interest of the #investors, it is reasonable to closely watch #wallets' connection to the vesting schedule for price dumps.

5) If our assumptions hold, we have not observed team token vesting but only investor vesting. Moreover, team #token vesting seems rarer, probably due to the tax burden that would occur when vesting tokens appropriability.

6) Beyond vesting, we can see a #community share of 11%, which seems average for a project at the stage of #MELD

7) Can you, the #Cardano #Community, help us identify the functions of the three largest #MELD wallets? Have you interacted with them? Token airdrops/staking rewards?

8) 😍 Poll for our next analysis 🥰