Vesting
Everything you wanted to know about Vesting but were afraid to ask
What is vesting?
🔒 Vesting is a procedure of blocking a certain amount of tokens for a certain period of time, for their further distribution.
Setting up vesting is not mandatory when creating a token, and can be skipped, but we still advise you to think about it.
Why do I need vesting?
Vesting is needed so that the token buyer has a trust that the token creator will not dump everything into the glass.
The token creator needs to vesting to balance the funding needs of his team and the project without undermining the trust of the buyers.
How do you set up the vesting?
A very short vesting will scare away customers.
And too long vesting will lead to the fact that the team will have no money to develop the project.
Polyton has made this non-trivial task easier and made vesting settings very simple with the help of special presets.
If a token creator wants to configure the vesting himself, no problem, we give such an opportunity to advanced users.
Parameters that can be customised:
Tokens for sale
Listing allocation
Team tokens
Team TON allocation
All tokens created must either participate in the listing, be sold, or belong to the team: Tokens for sale + Listing Allocation + Team Tokens = 100%.
How do I configure token vesting for a team?
Token vesting and TON are configured using a similar set of parameters. Let's go through each item:
Cliff - date and time when you can get unlocked Tokens and TONs.
Cliff Unlock - the percentage you will be able to claim on the day of initial unlock.
Vesting Start - starting from this date tokens will gradually become available.
Vesting End - the date when 100% of your tokens will become available for claiming.
It is worth remembering that vesting parameters cannot be changed in the future. So you need to decide on this on shore.
How will token distribution work?
Hooray, the vesting is set up, once it starts, it will start a linear unlocking of Tokens and TONs. For example, if the vesting period lasts 100 hours, 13% will be unlocked in 13 hours.
The distribution of tokens and TON commands is managed by Polyton's smart contracts. As always on Polyton, everything is automated and completely secure.
🥇 Now you know everything you need to know about vesting. Don't be afraid to use our awesome basic presets, we've already thought of everything for you.
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