BlockchainIntermediate#Token Economics#Investment
Token Vesting
T
Definition
A project-specific rule or agreement that makes token allocations available over time or after stated conditions. Vesting terms can constrain transfers, but do not guarantee holder behavior, price, team commitment, or project success.
Source reviewed
- SEC: Offerings and Registrations of Securities in the Crypto Asset Markets opens in a new tab
Supports: Identifies disclosures for total supply, minting, reserved allocations, vesting, lock-ups, holder rights, transfer restrictions, and authority to change supply rules in their specific context.
- EIP-20: Token Standard opens in a new tab
Supports: Defines only the optional basic token interface; allocation, lock-up, vesting, and authority rules require project-specific contract or legal evidence.
Concept Diagram
Key Takeaways
1
Vesting is project-specific availability logic, not a universal lock or a guarantee of holder behavior
2
Verify the exact contract or agreement, beneficiaries, schedule, conditions, controls, source date, and circulating-supply definition
3
Unlocks can be relevant supply context but do not prove selling, dilution, manipulation, or price direction
4
State uncertainty when a disclosed schedule conflicts with the token contract or cannot be independently verified
Practical Example
A project discloses a team allocation subject to vesting. A reviewer records the source date and compares it with the exact token contract and custody addresses, separating vested, claimed, transferable, and circulating amounts. They report the upcoming availability condition but do not forecast whether any recipient will sell or how price will move.
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