While I'm all for Monad's attempts at improving EVM-tech while preserving decentralization, the token model is borderline insane. This is how you design a blockchain to fail. A 38% unlocked allocation to "Ecosystem Development" is bound to end badly: waste, grift, graft, bribery, distraction, destruction. Those are the most likely outcomes. This is likely to happen even if the team is made up of the highest integrity people in crypto. It would be the most likely outcome even if I were in charge. Remember, the fundamental lessons of crypto are that incentives matter and that you should never trust. But Monad trusts an opaque foundation with crazy amounts of money (over a $1b at current prices). This never works. The Foundation website doesn't even list the people in charge. But thanks to this token model, they can move more money than a Fortune 500 CEO, with less accountability. Again, I have nothing against the Monad team. They might be the most well-intentioned people on earth. But this token design is antithetical to everything crypto stands for and what we've learned in recent years. I mean, just look at this paragraph from the docs: If the plan is to only spend "the majority balance" over "many years" then why have it all be unlocked on Day 1? Any spending to be done over many years could be funded out of inflation. Then there's this beauty on staking delegation: Running such a massive staking delegation program is antithetical to fostering "thriving decentralization" and a "independent validator community." I can't believe I even have to say this, but a validator that relies on the Foundation for its existence is clearly not independent, and a chain made up of many such validators is not decentralized. Just think of a scenario where there's a disputed fork or other chain dispute. Are the validator who rely on the Foundation to make a living going to vote against it? Lastly, keeping the staking rewards within the Ecosystem fund just prevents the widespread distribution a PoS token needs for the chain to become neutral. This whole design is like saying "we are going to concentrate all the power, then use that power to prevent concentration" Who are we kidding here?