In the fast-paced world of Solana DeFi, Meteora has been turning heads as one of the standout platforms offering solid returns with manageable risks. But recently, a detailed thread from user @Tuuxxdotsol has sparked conversations about the upcoming $MET token launch and its tokenomics. As someone who's been deep in the crypto scene, I wanted to break this down for you – keeping it straightforward and highlighting why this matters for meme token enthusiasts and broader blockchain users alike.

Let's start with the positives. @Tuuxxdotsol kicks off by praising Meteora's product, calling it the best DeFi tool he's used on-chain. It delivers consistent returns no matter your capital size, with an unmatched risk-reward balance. Even if $MET's price action disappoints, he plans to keep using the platform daily because it just works.

トークノミクス批評の詳細

The thread then shifts to the token generation event (TGE) and distribution model. The team is navigating a tricky spot: honoring old commitments from the previous leadership while aiming for a smooth launch. They opted for a higher initial circulating supply, possibly learning from Jupiter's $JUP launch where a low float led to underwhelming price performance.

However, the allocation breakdown has raised eyebrows. A hefty 20% goes to holders of the old Mercurial ($MER) token. While respecting early supporters is commendable, many had sold out before Meteora's snapshot when the market cap was just $800K. Plus, these holders already got 5% of $JUP. The concentration is stark – 10 wallets held 58% of $MER, meaning they'll snag 11.6% of $MET fully unlocked at launch. The top 100? They get about 17.2%.

ユーザー配分と公平性の問題

On the flip side, only 15% is set aside for actual Meteora users via the LP Stimulus Plan. This feels off-balance when you compare it to the Mercurial slice. As @Tuuxxdotsol puts it, it's like rewarding people for holding a defunct token over those actively using and building the platform. With nearly 250,000 active users in the last month, that 15% gets spread thin, while fewer than 100 Mercurial holders take a bigger, concentrated share.

Then there's the off-chain contributors – folks who've built the community, created tutorials, and spread awareness. Originally promised 2%, this was reportedly cut to 1.4% because there are "only" about 1,200 wallets, and the team didn't want to over-allocate. But why question this small group when the Mercurial allocation goes unchallenged? It sends mixed signals about honoring promises.

ユーティリティと総括的な所感

No clear utilities for $MET have been announced yet, despite forum discussions. This could lead to early selling by airdrop recipients, planning to buy back later once features drop. @Tuuxxdotsol suspects the team has a solid plan but is holding back to manage hype and volatility.

Wrapping up, the thread emphasizes constructive feedback. The Meteora team has built an impressive DeFi product, but tokenomics are tough, especially with legacy promises. It's not too late for adjustments, and sharing openly could lead to better outcomes.

This thread highlights a common tension in crypto launches: balancing past commitments with current community expectations. For meme token fans, it's a reminder that even in DeFi, fair distributions can make or break hype. If you're into Solana projects, keep an eye on Meteora's official site and join the discussions on X. What do you think – is the allocation fair, or does it need a rethink?