How Do Smart Contracts Enforce Token Vesting Schedules?
Smart contracts are self-executing contracts with the terms of the agreement directly written into code on the blockchain. For vesting, the contract holds the team's tokens and is programmed to release a specific amount only after pre-defined time intervals have passed.
This automated, immutable enforcement removes the need for a trusted third party and prevents manual manipulation.
Glossar
Smart Contracts
Function ⎊ Smart contracts are self-executing agreements with the terms of the agreement directly written into lines of code, residing on a decentralized ledger.
Token Vesting
Schedule ⎊ Token vesting, within cryptocurrency and derivative markets, represents a predetermined release of assets ⎊ typically tokens ⎊ over a defined period, aligning incentives between project teams, investors, and stakeholders.