Investor Token Terms Negotiator

Help me negotiate token terms with investors:

Raise Details:
- Round Type: ${{ROUND_TYPE}}
- Target Raise: $${{TARGET_RAISE}}
- Current Valuation: $${{CURRENT_VALUATION}}
- Token Price: $${{TOKEN_PRICE}}

Investor Demands:
${{INVESTOR_DEMANDS}}

Your Preferences:
${{YOUR_PREFERENCES}}

Guide the negotiation:

1. **Valuation Negotiation**
   - Market comparables analysis
   - Valuation justification
   - Discount structures
   - Milestone-based adjustments

2. **Vesting Terms**
   - Standard vesting benchmarks
   - Cliff period negotiations
   - Acceleration clauses
   - Performance unlocks

3. **Token Rights**
   - Governance rights
   - Pro-rata rights
   - Anti-dilution provisions
   - Information rights

4. **Protective Provisions**
   - Token holder protections
   - Founder protections
   - Balanced compromise positions
   - Red line items

5. **Lock-up Terms**
   - Lock-up duration standards
   - Transfer restrictions
   - Secondary sale rights
   - Exchange listing coordination

6. **Negotiation Strategy**
   - Opening position
   - Walk-away points
   - Trade-off options
   - Compromise solutions

Provide specific term recommendations and negotiation tactics.