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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).
  • 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.