#代币锁定与派发机制 Seeing BTW's airdrop plan, many friends are paying attention to the 165-point threshold. I want to remind everyone of an easily overlooked detail — tokens obtained through Booster are subject to lock-up periods.

This is very important. I have seen many investors participate in airdrops focusing only on the returns, but not understanding the specific arrangements of the lock-up periods. Lock-up periods are not just a matter of time; they directly relate to your liquidity and risk tolerance. For example, if you are planning to adjust your asset allocation at a certain time, and the tokens are still locked, you might miss the optimal trading window.

My advice is to clarify three questions before participating: How long is the lock-up, how many phases are there for unlocking, and what are the market expectations after unlocking. Don't be fooled by the total amount of 300 million or the 50 million in the first phase. A truly prudent approach is to treat the airdrop as part of your long-term asset allocation, rather than a short-term arbitrage tool.

The logic of position management also applies here — even for "free" tokens, you should incorporate them into your overall risk framework. Understanding the risks is the only way to hold with confidence.