TGE float

How it is calculated

Sum every allocation bucket with zero cliff and zero vesting at launch: the public sale, any day-one airdrop, the exchange listing allocation, and any team or advisor tokens that launched fully vested.

Exclude the liquidity pool allocation, which is technically circulating but locked in the pool and not freely sellable. Exclude any private or seed allocation still under cliff.

Design consequence

Float level sets the launch price arithmetic. A 5% TGE float on a $100M FDV means $5M of supply is theoretically available to trade against whatever liquidity is in the pool. If only 2% of that float consists of motivated sellers, the effective sell pressure is $2M, and the pool must absorb that without catastrophic decline. These numbers get modeled explicitly, not estimated.

Common mistake

Projects publish a 10-15% headline float and call it conservative. But if that float includes a 5% public sale at a 40% discount, that tranche arrives with 40% gain. The subset with the strongest sell incentive is far smaller than the headline suggests.

Teams that anchor on the headline number instead of the effective sellable float consistently mismodel sell pressure and arrive at launch day surprised by price action the arithmetic predicted weeks earlier.