If meaningful allocation lands in the hands of builders and serious testers, the behavior that emerges is very different.
Those participants care about uptime, tooling quality, and long-term reliability because their upside depends on the network working, not just trading. They reinforce infrastructure. They surface edge cases. They stay.
But if early distribution skews toward fast capital, the incentives flip. The priority becomes liquidity events and rotation windows, not resilience. In that environment, participation is transactional, and infrastructure maturity lags because ownership has no patience requirement.
Token distribution is often framed as marketing optics, but in reality it’s behavioral design. It quietly determines whether a network culture forms around durability or exit velocity. That layer rarely gets attention during the speed narrative,
yet it’s what decides whether performance claims compound into real adoption.
That’s why I’m watching Fogo’s early ownership map more than its benchmark numbers. Speed attracts attention.
Ownership determines whether that attention converts into a system that lasts