61
edits
(rephrased) |
m |
||
(One intermediate revision by the same user not shown) | |||
Line 6: | Line 6: | ||
=== Cliff === | === Cliff === | ||
A cliff or vesting with a cliff adds a delay to the initial distribution of a token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow). | A cliff or vesting with a cliff adds a delay to the initial distribution of a token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain lol (see in a second example bellow). | ||
=== Vesting Examples === | === Vesting Examples === | ||
Line 16: | Line 16: | ||
|'''4 year linear vesting''' | |'''4 year linear vesting''' | ||
|Project A raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule. | |Project A raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule. | ||
Meaning that through the first year investors will be gradually | Meaning that through the first year investors will be gradually distributed 25% of their token allocation, second year another 25% and so on. | ||
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]] | |[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]] | ||
|- | |- | ||
Line 22: | Line 22: | ||
|Project B raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff. | |Project B raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff. | ||
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year | Meaning that investors will be able to access 25% of their token allocation only at the end of the first year. From that moment they also will be getting a gradual linear distribution of tokens same as the first example above. | ||
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]] | |[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]] | ||
|} | |} | ||
[[Category:Glossary]] | [[Category:Glossary]] |
edits