Automate Payments – Create Token Vesting on Polygon PoS
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
Polygon PoS token vesting FAQ
What is token vesting on Polygon PoS?
What is token vesting on Polygon PoS?
Token vesting on Polygon PoS 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.
How does the Token Tool vesting function work?
How does the Token Tool vesting function work?
The Token Tool vesting function works by allowing users to create custom vesting schedules for tokens on Polygon PoS. 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.
What is the difference between a vesting period and a cliff?
What is the difference between a vesting period and a cliff?
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.
Are there any restrictions on the types of tokens I can vest using this function?
Are there any restrictions on the types of tokens I can vest using this function?
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 MRC20 tokens on Polygon PoS.
Can I change the vesting schedule and recipient wallet address once it's deployed?
Can I change the vesting schedule and recipient wallet address once it's deployed?
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.
Is there a minimum or maximum duration for vesting periods?
Is there a minimum or maximum duration for vesting periods?
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.
Are there any fees associated with creating a vesting schedule?
Are there any fees associated with creating a vesting schedule?
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.
Can I vest tokens for multiple recipients simultaneously?
Can I vest tokens for multiple recipients simultaneously?
Yes, you can create and manage vesting schedules for multiple recipients within the Token Tool vesting function.
What happens if I want to end the token vesting schedule prematurely?
What happens if I want to end the token vesting schedule prematurely?
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.
How do I verify the progress of a vesting schedule on the blockchain?
How do I verify the progress of a vesting schedule on the blockchain?
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 Polygonscan where the vesting contract is deployed. This will show you the status of token transfers and the vesting progress for the specified recipient addresses.
