Vesting

The token's admin has the ability to send tokens to users but have them locked for a certain period of time. This process is called vesting

Create a new vesting

When creating a new vesting, the following parameters have to be set:

• The amount of tokens to be vested

• A list of addresses that will take part and each will received the set amount of tokens

• A vesting end

• A payout mode:

  • When selecting Single Step, all tokens will be locked until the vesting end date has been reached. Then all tokens will be send to the addresses at once and the vesting has finished

  • When selecting Multiple Steps, the protcol will send parts of the locked tokens depending on the number of steps. For example, when the vesting end date is in 50 days and the number of steps is 100, then the protocol will unlock 1/100 of the vested funds twice a day.

Cancel an existing vesting

An ongoing vesting can be cancelled by the token owner. In that case, the locked funds will be returned to the admin address. In the case of using a linear payout, already sent funds won't be returned.