FAQ
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Usage

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Does Magna custody the tokens?

Does Magna custody the tokens?

Tokens are in control of the protocol the entire time. Protocols can use Magna’s airdrop functionality to distribute tokens directly from their wallets via our gas-efficient airdrop contracts. Protocols can also deposit tokens into vesting contracts controlled by the client to automatically unlock tokens to recipients.

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Frequently Asked Questions

What’s the difference between a Vesting Schedule and an Unlock Schedule?

Vesting is a legal term that denotes the transfer of legal ownership of tokens from the company to an individual employee or service provider, and usually starts on the first day of employment.‍ An Unlock Schedule usually refers to the transfer of control or transferability of a set of tokens to an individual over time, and usually starts on the first day of a project’s TGE or exchange listing.

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What is Token Vesting?

Token vesting refers to the process where the ownership of cryptocurrency tokens is gradually transferred to an individual's control over time. Vesting helps to align the incentives of the token holders with the long-term success of the project.

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What is Magna?

Magna provides an end-to-end solution for token management, from pre-launch to post.

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