CookieSale 2.1

Team Vesting System

An explanation and step-by-step guide in setting up the Anti-Rug System

What is the Team Vesting System?

The Team Vesting System (aka Anti-Rug System) is another layer of security that project owners can implement to help investors feel safe when investing in a presale. It is a vesting protocol where owners lock excess tokens from their presale for a predetermined amount of time, and the tokens unlock in cycled periods. It's a great safeguard to help prevent post-launch rug pulls.

Why should I use the Vesting System?

The Vesting System gives your investors confidence that your project is safe from a large token sell off from the team and is intended to be long-term. As investors in the space become more educated and savvy, they will be avoiding projects that don’t have safeguards like these in place.
Make your presale stand out amongst the rest and pair the Anti-Rug System alongside your Audit and KYC badges

How-to Guide

This step-by-step guide will show you how to implement the Team Vesting System during your CookieSale Launchpad setup. This guide has been formulated for the use with a Metamask wallet on a desktop.

Step 1: When setting up your Launchpad, you'll have the options to integrate the Team Vesting System and/or the Contributor Vesting System. Select the box next to 'Using Team Vesting?'.
Step 2: Upon selecting the Team Vesting option, new fields will be prompted. Here you will put in the necessary information regarding your vesting schedule.

Field Details

Total team vesting tokens: The total number of tokens you wish to have vested.
First token release after listing: The time period that needs to pass for the initial token release after launching.
First token release (%): The % of the total vested tokens that will be initially released to the owners.
Vesting period each cycle: The period of time that must pass between each token release following the initial release.
Team token release each cycle (%): The % of the total vested tokens that will be released in each cycle.

Example: you set up a Vesting Schedule on your Launchpad with the following parameters...

Example Summary

The total amount of vested tokens set to be released over time is 100,000 tokens. The initial token release is set to be released to the team about 10 days. The amount released is set for 30% of the 100,000 tokens (100,000 * 0.3 = 30,000 tokens). The vesting period for each cycle of release is 20 days. Thus, owners will be able to claim tokens every 20 days that pass after the initial token release. The amount released per cycle is 10% of the total 100,000 tokens (100,000 * 0.1 = 10,000 tokens). Therefore, after 90 days the total 100,000 vested tokens will be available for claim by project owners.
Please note that the tokens must be manually claimed by owners on their View Pool page. If tokens are not claimed, tthe next cycle will still start and tokens will carry over to the next cycle if not claimed before then. Ie. if you waited the allotted time period and hadn't claimed any of your released tokens up until that point, you would be able to claim the total 1000 tokens.
Step 3: Select 'Next' and proceed with the rest of your Launchpad Setup.

How to Claim Vested Tokens

The following is a step-by-step guide on how to claim your vested tokens once the lock periods have expired.
Step 1: Once each vesting cycle ends, project owners can claim their tokens by visiting their Launchpad Dashboard under ‘My Contributions’ or on the 'Lauchpad List'.
Step 2: Select ‘View Pool’ and you should see the ‘Owner Zone’ on the left hand side if you are connected with your owners wallet.
 Here you will see the 'Withdraw vesting tokens' button along with the amount of cycles and the countdown for the next claim.
Step 3: Once the vesting period is up, you will be able to select the ‘Withdraw vesting tokens’ icon and claim your tokens.
There is no time expiry for you to claim your vested tokens after they open up. Tokens not claimed in one period will simply roll over onto the next period for you to claim