Token Tool by Bitbond

Automate Payments – Create Token Vesting on Base Chain

Set up a custom token vesting schedule
Define a vesting period and a cliff
Vest tokenized shares and other rights
Send vested tokens to recipients or let them claim tokens
Transfer vested tokens to DeFi for liquidity provision or staking
Create token vesting product documentation
You have to Connect Wallet before creating a new payment

Base Chain token vesting FAQ

Token vesting on Base Chain is a process of gradually releasing a certain number of tokens to a recipient over a predetermined time period. It is a common practice used to incentivize individuals or teams by ensuring they receive their tokens or shares over time, rather than all at once.
The Token Tool vesting function works by allowing users to create custom vesting schedules for tokens. Users can define the recipient, start time, cliff period, end time, and the total amount of tokens to be vested. Once set up, the smart contract enforces the vesting schedule, and tokens are released to the recipient according to that schedule.
A vesting period is the duration over which tokens are gradually released to the recipient, typically in equal portions. In contrast, a cliff is the initial period during which tokens are allocated but cannot be retrieved by the recipient. After the cliff period ends, tokens begin to vest according to the defined schedule.
Yes, within one token vesting collection, you can only vest one particular type of token. If you want to vest different tokens or shares, you will need to create separate collections for each token. It is important to keep in mind that token vesting is supported for ERC20 tokens on Base.
It's always recommended to carefully plan and set up your vesting schedule before deployment. If you wish to perform modifications to your token vesting collection, you can do that from the Manage Token Vesting Collection section where you can manage current vestings. It is possible to change the recipient wallet address, however it is not possible to change the schedule. If you wish to change the schedule, simply delete the existing vesting schedule and replace it with the new one based on your needs.
There is no specific minimum or maximum duration for vesting periods. The duration can be customized based on your needs and can range from days to years.
The fees associated with creating a vesting schedule consist of service fee paid to Token Tool and the gas fees. It’s important to always make sure you have sufficient funds in your wallet to perform actions successfully. The service fee for token vesting is USD 30.
Yes, you can create and manage vesting schedules for multiple recipients within the Token Tool vesting function.
Once deployed to the network, smart contracts are immutable. Therefore, it is not possible to to end the token vesting schedule before the period set upon creation. On the other hand, you can simply delete the existing token vesting collection and recreate a new one with updates parameters if desired.

You can check transactions related to your token vesting collection when clicking on “Events History” in the manage section of your collection. Alternatively, it is possible to verify the progress of a vesting schedule on Base explorer where the vesting contract is deployed. This will show you the status of token transfers and the vesting progress for the specified recipient addresses.

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