How to evaluate a token-heavy offer

Cash is a number. Tokens are a story.

When the cash line is below market, the rest of the package is doing work. Ask for four facts in writing: allocation, implied price, cliff, vest, and what happens on a departure before TGE.

Year-one token value is not the headline allocation. After a six-month cliff on a 24-month vest you have earned a quarter of the grant if you stay the year — and zero if you leave at month five.

Fully-diluted value is a ceiling, not a salary. Use it to compare offers, not to pay rent.

Lattice's calculator applies cliff logic before any vesting. If a recruiter cannot fill the fields, treat the token line as zero until they can.