Locking and Vesting
Locking restricts the transfer or withdrawal of a specified amount of tokens under stated conditions. A lock description identifies the tokens, amount, duration or release conditions, and the controls that apply. Vesting makes an allocation available according to a release schedule. The schedule explains when amounts become available and how the remaining allocation is recorded. For either arrangement, the terms would explain:- Whose tokens or allocation are affected.
- When the arrangement begins and how release works.
- Who controls it and who may change its terms.
- How participants follow the available and remaining amounts.