In practice, no major network has ever launched this way. There isn’t a single top-10 coin with full day-one circulation — even Bitcoin needed over a decade to get close to full supply. You simply can’t bootstrap a network if everyone is liquid on day one. A few quick points: 1. You kill long-term incentives If the team and early investors are instantly liquid, there’s zero multi-year alignment — and no room left to incentivize new hires. Nobody builds a 5-year product when they can walk away in week one. 2. You make information asymmetry worse Early tech is always messy. If everything unlocks immediately, retail ends up absorbing all the early execution risk — the exact opposite of what “fairness” is supposed to mean. SOL, ETH, BNB all survived heavy unlock periods because usage > emission. Projects don’t die from vesting schedules; they die because nobody uses them. Unlocking all tokens won't solve any problem.(Benson Sun)