How To Fund Allocations

Magna allows you to fund/distribute via claim or direct transfer (aka airdrop). We also allow you to stay compliant by working with HR providers to fund allocations with tax withholding.

See the below subsections to learn how to start and fund allocation(s) with each available method within Magna.

NOTE: First, it's important to make sure you understand the different mechanisms in which you can distribute tokens to your stakeholders (see this explainer for a thorough breakdown).

❓ Can I fund a mix of claim and airdrop (direct transfer) allocations?

The answer is yes! You can mix and match your distribution type.

Simply edit the allocations you'd like to be changed to a different distribution type. Or you can upload into two different batches (one with Claim selected and the other with Airdrop/Direct Transfer selected).

❓ Can I filter my allocations by certain parameters?

From the allocations page, select all allocations for which to distribute tokens. This is typically done by filtering for the relevant allocation categories (e.g. “Employee”, or “Investor”), and additionally filtering for allocations that are Pending Airdrop. This means that they have vested tokens that have not yet been distributed.

• Set Up Allocations: Allocations are set up in Magna as “Claim” (instead of “Airdrop”). Allocations can also be set up with a few parameters, including:

  • Cancellable: Allows an admin to stop a distribution to return unvested tokens to the company

  • Revocable: Allows an admin to stop a distribution and return both vested and unvested tokens still in the contract to the company.

  • Immutable: Admins cannot change or cancel a vesting distribution.

  • If admins wish to change the wallet recipient for an active on-chain vesting distribution (i.e., after an allocation has been funded), they must cancel that distribution and re-initiate a new distribution to the new wallet.