Token Vesting
Token unlock schedule: a portion of supply is locked and released linearly (or after a cliff). Protects the market from instant insider dumps but creates steady sell pressure.
Aliases: vesting, unlock schedule, token lockup
Token Vesting is the schedule on which previously allocated tokens become transferable. It is applied to team, investor, and ecosystem-fund allocations to prevent immediate dumps after TGE.
Base parameters
- TGE % — share unlocked at launch.
- Cliff — period during which nothing unlocks (typically 6–12 months).
- Vesting duration — total length of the schedule after the cliff (12–48 months).
- Unlock frequency — linear (per block/epoch) or discrete (monthly).
Why it matters
- Large unlocks create sell pressure: TGE % and monthly tranches directly affect price.
- FDV (fully diluted valuation) at low float overstates the “paper” cap.
- Hidden cliffs are a classic risk when buying newly listed tokens.
Where to look
- TONscan and Tonviewer show vesting-contract balances.
- Public dashboards (Dune-style for EVM; limited but growing on TON).
- Team disclosures in whitepapers and on TonStarter.