Vesting
Vesting in the context of cryptocurrencies refers to the release of tokens or coins over a specified period of time, rather than all at once. Vesting schedules are commonly used in initial coin offerings (ICOs) or token sales as a way to incentivize team members and investors to contribute to the long-term success of a project.
There are different types of vesting schedules, but a common one is time-based vesting. In time-based vesting, tokens or coins are released to the recipient in increments over a set period of time, such as every month or every quarter. This helps to ensure that the recipient remains committed to the project and contributes to its success over the long term.
Another type of vesting schedule is performance-based vesting, where tokens or coins are released based on the achievement of certain milestones or performance metrics. This is often used to incentivize team members to meet specific goals and contribute to the success of the project.