Team Vesting Guide

Team Vesting System (also known as Anti-Rug System) is a vesting protocol that asks project owners to lock their team tokens for a period of time, so that there are no unlocked tokens which could make a rug pull possible.

This feature helps projects to establish an increased level of trust with their investors, thereby potentially resulting in growth and long-term price appreciation. It also prevents scam projects from trying to withdraw and sell all their unlocked tokens at or soon after listing time (the so called rug pull).

Follow the steps below to use the Team Vesting feature.

1. Connect your wallet.

2. Select your token if you already have one or create a new token for the Launchpad by following this guide:

3. At “step 3: Vesting”, please check the box "Using Anti-Rug System (Team Vesting System)?"

Here below are some important parameters:

• Total team vesting tokens: The total amount of tokens you will allocate to your team. Please note, you can only input numbers here, not percentages.

• First token release after listing (days): The first batch of team tokens will be released after this amount of time since TGE. Please note, this is measured in days, not months or years.

• First token release (percent): The percentage of the first batch of team tokens to be released. Please note that this is expressed in percentage, not number of tokens

• Vesting period each cycle (days): How long, in days, between each batch of vested tokens is released.

• Team token release each cycle (percent): How many tokens will be released each cycle following the First Token Release batch. Please note this is expressed in percentage, not in number of tokens.

Project owners need to claim their team tokens manually from their Launchpad dashboard on Coinstarter, when each vesting cycle ends.

Example: your project has a vesting schedule for your team as below:

Your team has 1000 tokens to be vested in total, 40% to be locked for 6 months from TGE, and 20% unlocks every month afterwards for a total of 3 cycles

Let’s imagine that your presale on Coinstarter ended on the 5th of January. Six months after that, on the 5th of July, your team can claim 1000 x 40% = 400 tokens for the first token release batch. Then every month afterwards, on the 5th of August, September and October (final release 9 months after your presale ended), your team can claim the next batches, 1000 x 20% = 200 tokens each batch.

In this case you would enter the following information:

• Total team vesting tokens: 1000

• First token release after listing (days): 180

• First token release (percent): 40

• Vesting period each cycle (days): 30

• Team token release each cycle (percent): 20

How to claim

When each vesting cycle ends, project owners can go to their Launchpad dashboard and withdraw the vested tokens by clicking on the “Claim Team Tokens” button.

If, for any reason, project owners are not able to withdraw their vested tokens when a cycle expires, they can do this at any given time afterwards. If they were to wait till the next cycle expires, the total amount that can be withdrawn at that time would be the balance of the previous cycle amount plus the amount of tokens of the recently expired cycle.