How Does Token Vesting Conceptually Mirror the ‘Intrinsic Value’ of an Option?

Token vesting conceptually mirrors the intrinsic value of an option once the token is unlocked. The intrinsic value of a call option is the difference between the current stock price and the strike price.

Similarly, an unlocked token (post-vesting) has an intrinsic value equal to its current market price, which the holder can immediately realize, much like exercising an in-the-money option.