Over 2/3 of the $HBOT supply are distributed and held by the CoinAlpha Investors, Team and Foundation Team combined. This never looks good for any token distribution model, as it is not beneficial to long term token holders at all. Neither is it for the project.
On a price perspective, the token is extremely prone to dumping post unlock, as investors would want to capitalise and make back on investments post-unlock.
As $HBOT is a governance token, the direction of the project is essentially in the hands of the CoinAlpha Team. There is currently about 2x of circulating supply from the CoinAlpha Investors & Team compared to the Commuity, which can result in any vote being heavily swayed towards the direction that the team wants in terms of strategies.
Kudos to the team, however, for providing a HBOT Tracker that anyone can go in to look at current circulating distributions. The excel sheet also looks to be updated daily, which shows that the team is still actively keeping track of distributions.
Link to the tracker attached: https://docs.google.com/spreadsheets/d/1UNAumPMnXfsghAAXrfKkPGRH9QlC8k7Cu1FGQVL1t0M/edit?_ga=2.216192146.503391439.1683186266-2132140145.1683186266#gid=285483484 Show Less
