What is Vesting, Cliff and TGE
Learn about vesting, cliff, and TGE in the Ramp Starter guide. Understand the key concepts for managing token distribution and unlocking rewards effectively. Explore the basics now.
Last updated
Learn about vesting, cliff, and TGE in the Ramp Starter guide. Understand the key concepts for managing token distribution and unlocking rewards effectively. Explore the basics now.
Last updated
Token Generation Event (TGE):
A Token Generation Event (TGE) is when a project releases tokens before the official vesting period begins. This allows early participants to access a portion of their tokens sooner. If you are eligible for the TGE, the "Claim" button will be enabled on your WalleK dashboard. By clicking this button, you can claim your tokens and have them transferred to your connected wallet immediately.
Vesting Rewards:
Vesting refers to the gradual release of tokens over a set period. Instead of receiving all your tokens at once, they are distributed in scheduled portions. This method encourages long-term commitment and stability for the project. When you become eligible for vesting rewards, the "Claim All" button will be enabled on your WalleK account. Clicking this button will allow you to collect all the tokens that have been released up to that point, which will then be transferred to your wallet.
Cliff :
Refers to a period during which team members, advisors, or early users cannot sell or transfer their allocated tokens. After the cliff period ends, they start receiving their tokens gradually. This helps ensure long-term commitment to the project and stability in the token's value.