I went through openledger's token unlock schedule this week looking for something specific ..
I wanted to understand who actually holds liquid OPEN right now and what the pressure points look like before September 2026.
what i found was more deliberate than I expected. at TGE, 215.5 million OPEN entered circulation but 145.5 million of that went directly to community rewards, not team or investors. the team's 150 million and early investors' 182.9 million tokens have a hard 12-month cliff. zero unlock. not a reduced schedule zero. the first team or investor token doesn't move until month 13.
what i'm still thinking about is September 2026. that's when 332.9 million combined team and investor tokens begin their 36-month linear release approximately 9.2 million OPEN entering circulation every single month for three years. the community-first TGE design is clean. whether organic protocol demand absorbs that monthly supply starting September is the question the tokenomics schedule can't answer by itself.
