> For the complete documentation index, see [llms.txt](https://axon-finance.gitbook.io/axon-finance-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://axon-finance.gitbook.io/axon-finance-docs/zh/part-vii-dai-bi-jing-ji/part7-tokenomics/7-2-vesting-circulation.md).

# 7.2 解锁与流通曲线

## 各桶解锁规则

代币在 TGE 时只释放极小一部分，其余按各桶独立的锁仓与线性释放规则解锁：

| 桶            | 解锁规则                 |
| ------------ | -------------------- |
| 生态           | 开展多领域生态解锁，多链条加权分配    |
| 团队与顾问        | 锁 1 年 + 3 年线性        |
| 天使轮          | 锁 2 年 + 3 年线性（共 5 年） |
| 战略轮（私募）      | 12 月 cliff + 24 月线性  |
| 空投           | TGE 25% + 分季线性       |
| 初始流动性 / 市值管理 | 上市流动性锁 6 月、底池不锁      |

这套设计的核心意图是**把早期资本与团队的利益，绑定到网络的长期成熟上**——天使轮共 5 年、团队 4 年（锁 1 + 线性 3）、战略轮 3 年，都是明显长于行业惯例的锁定周期。

## 流通释放节奏

代币在 TGE 时仅释放极小比例进入流通，其余按上表各桶的锁仓与线性释放规则，在约 5 年（60 个月）内平滑解锁至完全流通。**具体的 TGE 流通比例与逐月流通曲线暂不对外披露。**

**低初始流通 + 长线性释放** 的组合，意味着 TGE 时市场上的流通盘很薄，减轻早期抛压；而长达 5 年的完整释放周期，则为网络留出把「真实业务增长」兑现为「代币价值」的时间窗口——这正是 [7.3 通缩飞轮](/axon-finance-docs/zh/part-vii-dai-bi-jing-ji/part7-tokenomics/7-3-utility-flywheel.md) 发挥作用的地方。

***

*上一节：*[*7.1 供应与分配*](/axon-finance-docs/zh/part-vii-dai-bi-jing-ji/part7-tokenomics/7-1-supply-allocation.md) *· 下一节：*[*7.3 代币效用与通缩飞轮*](/axon-finance-docs/zh/part-vii-dai-bi-jing-ji/part7-tokenomics/7-3-utility-flywheel.md)


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