Launch with 10% floating. Every further tranche is gated by time, a sustained 2× price, and a hard 5% cap — enforced by a smart contract whose keys an independent custodian controls. The team can delay or shrink an unlock. It can never pull one forward. Trading taxes fund the escrow — only 10% is initially seeded.
No tranche can hit the market while price is underwater. Supply only ever expands into strength — never into a dip the team itself created.
Dilution is only ever paid for by performance: each new 5% requires a sustained doubling of the last unlock price.
Founders profit only by making the price ratchet up — by building, shipping, and compounding: $2 → $6 → $18…