Project Concepts

Introduction

The purpose of this document is to outline the details of the linear vesting platform developed by https://dandelionlabs.io that utilizes a concept of project → pools -> grants -> claims for granting tokens over time. This project will involve the gradual release of tokens to users over a predetermined period of time in each pool, and users are able to claim them individually and proportionally whenever they want.

Project

The linear vesting project will represent a real life project, organization or token economy and tied to a ERC20 token. Inside projects, its managers will be able to create pools that will be used to distribute tokens to users over a period of time.

The vesting schedules for each pool will be linear, which means that users will have dynamically released a fixed amount of tokens at regular intervals until the pool is fully vested.

Pool

Pools have a start and end time and token grants will be done inside them. Projects can be created by managers. The amount of tokens in the pool would be reflecting the summation of the individual grant amounts of the users inside.

Grants

Grants hold the amount of tokens that will be released to a specific user over the period of the pool that they belong. They can be removed by a manager under certain circumstances. Dandelion Labs is developing a solution to allow this to happen based on a multi-sig approach.

Claims

User can claim the tokens that have been released on their name at any time after the pool period unlock starts. The tokens that remain in the pool can be claimable after the period of unlocking ends.