🔒TBD Locked

Event-based unlocks

Since vesting schedule has no standard way across the industry. TokenUnlocks has been trying to deliver the industry leading visualization and democratize this kind of data. Meanwhile there’s some allocation/unlock mechanic that is awaits for DAO Governance votings, Team decisions, or the mechanic that is not decided on ‘time based’ but ‘event based’. Previously, we cannot visualize these kind of unlocks in our chart. But now we have invented a solution for this problem.

To Be Determined Locked (TBD Locked) refers to the amount of tokens that have not yet been assigned a release timing. These tokens are usually set aside for specific purposes and are released when certain conditions are met, such as Governance votings or team decisions.

We represent this kind of supply in a ‘striped chart’ as picture below.

The ‘Total Unlock Progress’ shows the overall picture of the Unlock progress. In this case ARB has 5.09b $ARB locked with ‘time based’ criteria, called Locked supply, and 3.53b $ARB locked with ‘event based’ criteria which will be decided later on, called TBD locked. This is the amount of token that remains undefined in terms of release timing, are typically reserved for specific purposes and are released when specific conditions are met.

On the Allocation component, we also breakdown that which allocation has a TBD locked(allocated to specific stakeholders but not determined the unlocked schedule yet).

You can also see the proportion of TBD locked in the chart with the total amount and the total amount that is not included in TBD locked.

When the project sets a release timing schedule, some of them become a known Locked supply, reducing the TBD Locked supply.

In the chart, the TBD locked supply is illustrated as striped allocation after the today line to represent the uncertainty of this allocation, which can be unlocked in the future when conditions are met. To measure the supply that is readily available for use or exchange in the future, the Available supply is the supply metric that includes TBD locked and unlocked supply.

We keep track of these allocations on a quarterly basis and update them in the history log above the chart. You can see the details with proofs in this component.