📃Vesting Smart Contract
Leverage the Power of Smart Contract to distribute your token allocations
Vest your tokens to community, investors, team or any token-metrics allocation you design.
Pulsar Money offers a simple and transparent solution to pursue for token vesting in a much more efficient way. Instead of relying on trust and 3rd parties to process the unlocks and transfers of release batches, you can now utilise the Vesting Smart Contracts. This enables the investors, founders and community to be assured that the transfer of project's assets are going to be done in a decentralised manner and with the immutable feature: certainty of a definite path can be foreseen.
The Vesting Contract features include:
Cancellable: this enables the Sender to choose to either create a Vesting that can be cancelled by the Sender or to be immutable and stand for an undeniable proof that funds will be transferred in a certain way. Receiver will always be able to choose to cancel a stream
Cliff: the projects can select a cliff release to design a Vesting that in this way will not distribute funds until a certain point. Once that certain point will be reached the cliff release can be programmed to release a certain percentage of the tokens at that moment, while continuing further with the release rate.
Details and Email: The details parameter can help to have an overview once more Vestings are going to be initiated, while the Email slot will contain the Recipients email that will be noticed of a transaction being directed to him.
Frequency: select the release frequency of the vested tokens. From quarterly/month
Pulsar Money Vesting Smart Contracts provide a reliable way to manage token vesting, giving you peace of mind and assurance that your project's assets are being handled in a decentralized and immutable manner.
How to set up a Vesting contract for your project?
It's as simple as joining https://beta.pulsar.money/vesting, connecting with a wallet which holds the assets you wish to vest and then finally setting up the parameters of the Vesting:
Token and amount: The first field selects the token you wish to vest over time
Wallet address: Refers to the wallet to which the vesting is directed to.
Cliff Date: Represents the Date from which the Vesting will start or often also is referred to as the time of the initial lock-up. Example: Let's say a project X has within their token-metrics a period of 3 months until the first tokens are going to be distributed to their investors: this period is exactly the time until the Cliff Date. Such the project will need to add the Cliff Date as the time until when the 3 months will fulfil and the first tokens will be released.
Release at Cliff: represents the amount which will be released for when the vesting will be kickstarted. As many times this is different then the further the line releases you can set up in the Pulsar Money Vesting contract whichever amount you wish.
End Date: This specific date represents exactly the period when the smart contract of your project's token vesting will be finalised and the full token vesting will be accomplished. In this way the full amount of the tokens will be released until that moment.
Cancellable/Uncancellable switch: This switch selects if the Vesting can be cancelled or not. Should you wish to have something immutable and make sure that the Vesting smart contract will not be editable, you should turn it on the uncancellable. This provides more certainty for the investors, community and is transparent way of showing publicly that the Vesting method is here to stay so.
Vesting Name: This is a tag that will help better identify and associate the Vesting Smart Contracts. This Name will show up in your Dashboard where you will have a bird-eye overview.
Frequency: This field let's you select the interval for the releases of the tokens within the Vesting contract.
Using the Vesting Smart Contract on Pulsar Money is simple by using the Vesting Contract in the dApp interface. Tutorials and guides are going to be published soon in the Guides section.
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