How Does a Token Vesting Schedule Relate to a Lock-up Period?
A token vesting schedule is a mechanism for the gradual release of tokens to team members and early investors, often following an initial lock-up period known as a 'cliff.' The lock-up is the initial time when no tokens are released. The vesting schedule dictates the rate at which the tokens are released after the lock-up, ensuring a measured entry into the circulating supply.
