Token Vesting
Last updated
Last updated
Token vesting is a process that allows token holders, such as employees, advisors, investors or venture capital firms, to gradually gain access to their tokens over a period of time. One way to implement token vesting is through linear vesting, in which token holders receive a certain percentage of their tokens by month or year until they are fully vested. Another option is a vesting cliff, a set date when ownership of all tokens is released. A vesting schedule outlines the specific terms of the vesting plan, including the vesting cliff and token release rate. An employer or investor may also contribute additional tokens to the vesting plan to incentivize the token holder to remain with the company.
Team Vesting will be available through the SOLOCKER This service is non-custodial and will give teams peace of mind while retaining control of their tokenomic distribution.
Once you've connected your wallet through the dApp, selecting "Token Vesting" from the dApp menu will allow you configure the vesting duration and the unlock schedule. Through the dApp, you will also be able to configure the clff time release as well as the percentage of tokens that are going to be cliffed. A feature that will be available on by default the option to allow auto-claiming; this will allow the recipients to receive their tokens directly to their wallet during each unlock cycle.
Once you are satisfied with the token vesting configurations, you can then select your recipient(s), enter their email addresses so they can receive notifications when their tokens get release, and you're all set.
Teams that have staked $LOCK can unlock additional features on our smart vesting dashboard, in addition to receiving discounts on deployment costs when locking LP. Staking 1,000,000 $LOCK will enable the ability for teams to generate a real-time dashboard of their vested tokens, allowing them to manage payments of their team members, rewarding investors, and distributing tokens to KOLs all in one place.
