What is vesting?
What is vesting?
Token vesting locks cryptocurrency tokens for a predetermined period and releases them according to a predefined schedule, used for team allocations, investor distributions, and project incentives.
What is Tokify Vesting?
What is Tokify Vesting?
Tokify Vesting is a no-code tool that lets you vest any ERC20 tokens with customizable vesting schedules, perfect for team token allocations, investor distributions, and structured token releases over time.
What are the two types of locks available?
What are the two types of locks available?
- Timelock - all tokens unlock at once after a fixed date.
- Stepwise Vesting - tokens release gradually at regular intervals with an initial cliff period.
How does stepwise vesting work?
How does stepwise vesting work?
It releases tokens in stages: an initial percentage at TGE date, then additional percentages at regular cycle intervals until all tokens are unlocked.
Can I edit a lock after creation?
Can I edit a lock after creation?
Yes, lock owners can increase amount, extend unlock/tge date, edit name, transfer ownership, or renounce ownership.
How do beneficiaries claim tokens?
How do beneficiaries claim tokens?
Once unlock dates arrive, beneficiaries can claim available tokens using the “Unlock” function. Multiple claims are possible as more tokens vest.
Is this system custodial?
Is this system custodial?
No, it’s non-custodial - users maintain control of their tokens through smart contracts.
Can unlock dates be in the past?
Can unlock dates be in the past?
No, unlock dates must be future dates.
How often can tokens be claimed in vesting?
How often can tokens be claimed in vesting?
As frequently as cycles are scheduled - tokens become claimable at each cycle interval.
Can multiple people benefit from one lock?
Can multiple people benefit from one lock?
Each lock has one beneficiary address, but you can create multiple locks for different beneficiaries.