What is Launchpad Vesting?

What is vesting?

Tokens purchased during Launchpads are subject to vesting, or strategically timed token distribution according to specified timeframes. Essentially, Launchpad participants must wait out the specified timeframe until the distribution of their entire Launchpad purchase is complete.

How does vesting benefit Launchpad participants?

Vesting is a strategy that helps prevent unfair or underhanded market manipulation, particularly from early-stage investors who may gain an early advantage.

• Releasing tokens in phases rather than a one-time lump distribution helps promote fair price discovery via natural market forces.
• Vesting also aligns the common interests of all token holders with the long-term visions of the project team, incentivizing future success.

When will I receive my Launchpad tokens?

Each Launchpad will feature a unique vesting schedule or timeline during which tokens will be distributed incrementally to all Launchpad participants.

1. The first phase of distribution will occur at TGE (Token Generation Event), or the token’s official listing date.
2. Following the TGE distribution, distribution of the remaining Launchpad tokens will proceed according to the specified Launchpad vesting schedule.

Example:

You are entitled to 1,000 tokens whose vesting schedule is as follows:

1. On the Listing Date (TGE), you will receive 200 tokens (1,000 x 20%).
2. 60 days after TGE, 80% of the tokens purchased are distributed. You will receive 800 tokens (1,000 x 80%).