Company Allocation
1. 12-Month Cliff Period
"Cliff" means that no tokens are released or accessible for the first 12 months.
During this period, the recipient does not receive any tokens, and they must remain committed to the project.
If the recipient leaves or fails to meet obligations within the first 12 months, they forfeit their allocated tokens.
Example: If a team member is allocated 120,000,000 BKD tokens, they will receive 0 tokens during the first 12 months.
2. 48-Month Linear Release
After the 12-month cliff, the remaining tokens are released gradually over the next 48 months (4 years).
This means the tokens are "vested" or unlocked in equal portions every month or quarter over the total period.
The release can be monthly, quarterly, or annually, depending on the specific agreement.
Example: If 120,000,000 BKD tokens are allocated:
After 12 months: 0 tokens are released.
From months 13 to 60 (48 months total), the remaining tokens will be released gradually.
If released monthly: 120,000,000 ÷ 48 = 2,500,000 BKD tokens per month.
Why Use This Vesting Schedule?
Team Commitment: Ensures that team members and advisors remain committed to the long-term success of the platform.
Market Stability: Prevents sudden large sell-offs of tokens, which could negatively impact the token price.
Incentive Alignment: Encourages stakeholders to contribute to the platform's growth over time.
Summary
12-month cliff: No tokens are released in the first year.
48-month linear release: Tokens are distributed in equal parts monthly or quarterly over the next 4 years.
This structure helps create long-term commitment and gradual token distribution, avoiding market disruptions and aligning the incentives of key stakeholders with the success of Blockdeed.
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