Presale Vesting Guide
Vesting for Contributors is a feature on Gemlaunch that promotes long-term price stability by locking presale investors' tokens for a set period. This prevents investors from selling all their tokens immediately after listing, reducing sell pressure and helping to maintain the token’s price stability and can help prevent any price crashes at token launch.
For a step-by-step video guide, watch our tutorial video below
Follow these steps to use the Vesting for Contributors feature:
Steps to Enable Vesting for Contributors
Connect your wallet.
Select your token if you already have one, or create a new token for the Launchpad.
At Step 2: DeFi Launchpad Info, check the box for "Using Vesting Contributor?" and fill out the following parameters:
First release for presale (percent): The percentage of presale tokens released at TGE (Token Generation Event). This must be entered as a percentage, not the number of tokens.
Vesting period for each cycle (Minutes): The time presale contributors must wait to receive each cycle of tokens.
Presale token release each cycle (percent): The percentage of tokens released in each cycle following the initial release. This is also entered as a percentage, not a specific number of tokens.
Note: Presale contributors will need to manually claim their tokens from the Launchpad page on Gemlaunch.
Example
Suppose your project has a vesting schedule as follows:
Total tokens sold at presale: 100 tokens
Initial release at TGE: 20%
Subsequent release every 2 weeks: 10%
If your presale opens on January 5th and all 100 tokens are sold, contributors can claim their tokens at TGE after you finalize the Launchpad. At TGE, they can claim 20 tokens (100 x 20%). Then, every 2 weeks thereafter, they can claim 10 tokens per cycle by visiting the Gemlaunch dashboard. By March 30th (after eight 2-week cycles), they will have received the final batch of tokens.
For this example, you would enter the following information:
First release for presale (percent): 20
Vesting period each cycle (minutes): 20160 (2 weeks)
Presale token release each cycle (percent): 10
Minutes Breakdown:
To help you calculate vesting periods:
1 day = 1440 minutes
1 week = 10080 minutes
2 weeks = 20160 minutes
1 month (approx.): 43800 minutes
Note: The Vesting Contributor feature does not support rebase tokens.
How to Claim Tokens
After the project owner finalizes the Launchpad, the presale will end.
Presale contributors can go to the presale Launchpad page and click "Claim" to receive the first batch of presale tokens. Contributors can also view the Current Vesting Cycle and Remaining Vesting Cycle details.
For example, in the schedule above, the Current Vesting Cycle might display as 0/8, and the Remaining Vesting Cycle as 30 days. After eight months (240 days), it will show 8/8.
If contributors don’t claim their tokens when a cycle ends, the tokens will accumulate. For example, if they only claim after 8 months from TGE, they will be able to claim all vested tokens at that time.
MetaMask will prompt you to confirm the transaction and display the required fee. Click "Confirm" to complete the process, and the presale tokens will be sent to your wallet.
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