Automate Payments – Create Token Vesting on Blast
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
Blast token vesting FAQ
What is token vesting on Blast?
What is token vesting on Blast?
Token vesting on Blast is a process of gradually releasing a certain number of tokens to a recipient over a predetermined time period. It's commonly used to incentivize individuals or teams by ensuring they receive their tokens gradually, rather than all at once.
How does the Token Tool vesting function work on Blast?
How does the Token Tool vesting function work on Blast?
The Token Tool vesting function on Blast allows users to create custom vesting schedules for tokens. Users define the recipient, start time, cliff period, end time, and total amount of tokens to be vested. Once set up, the smart contract enforces the vesting schedule, releasing tokens to the recipient accordingly.
What is the difference between a vesting period and a cliff on Blast?
What is the difference between a vesting period and a cliff on Blast?
A vesting period is the duration over which tokens are gradually released to the recipient, typically in equal portions. 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.
Are there any restrictions on the types of tokens I can vest using this function on Blast?
Are there any restrictions on the types of tokens I can vest using this function on Blast?
Yes, within one token vesting collection, only one particular type of token can be vested. If you want to vest different tokens or shares, you'll need to create separate collections for each token. Token vesting is supported for ERC20 tokens on Blast.
Can I change the vesting schedule and recipient wallet address once it's deployed on Blast?
Can I change the vesting schedule and recipient wallet address once it's deployed on Blast?
It's recommended to plan and set up your vesting schedule carefully before deployment. If modifications are needed, you can manage current vestings from the Manage Token Vesting Collection section. While it's possible to change the recipient wallet address, the schedule cannot be altered. If changes to the schedule are required, delete the existing vesting schedule and create a new one.
Is there a minimum or maximum duration for vesting periods on Blast?
Is there a minimum or maximum duration for vesting periods on Blast?
There's no specific minimum or maximum duration for vesting periods on Blast. The duration can be customized based on your needs, ranging from days to years.
Are there any fees associated with creating a vesting schedule on Blast?
Are there any fees associated with creating a vesting schedule on Blast?
Fees for creating a vesting schedule include a service fee paid to Token Tool and gas fees. Ensure sufficient funds in your wallet to perform actions successfully. The service fee for token vesting is USD 30.
Can I vest tokens for multiple recipients simultaneously on Blast?
Can I vest tokens for multiple recipients simultaneously on Blast?
Yes, you can create and manage vesting schedules for multiple recipients within the Token Tool vesting function on Blast.
What happens if I want to end the token vesting schedule prematurely on Blast?
What happens if I want to end the token vesting schedule prematurely on Blast?
Smart contracts on Blast are immutable once deployed. Therefore, it's not possible to end the token vesting schedule before the period set upon creation. However, you can delete the existing token vesting collection and recreate a new one with updated parameters if desired.
How do I verify the progress of a vesting schedule on the blockchain on Blast?
How do I verify the progress of a vesting schedule on the blockchain on Blast?
Check transactions related to your token vesting collection by clicking on “Events History” in the manage section of your collection. Alternatively, verify the progress of a vesting schedule on the Blast explorer where the vesting contract is deployed. This will display token transfers and the vesting progress for specified recipient addresses.
