How To Fund Airdrops

Each section title contains a hyperlink to its corresponding video demo for a more thorough guide.

How To Distribute Tokens: Direct Transfer (Airdrop)

Distributing tokens via Magna using the Airdrop method involves a few key steps. The full flow can be seen in the video demo linked within the above title and written out below.

Unlike the 'Claim' method, you cannot fund allocations using the Airdrop method until the actual unlock date. For example, if your unlock begins on January 1, 2025 you will need to set up the fund transaction on that exact date (and time if applicable) when using the Airdrop distribution method.

1. Select Action: When you are ready to initiate the on-chain vesting, please click the pink "Actions" button on the top right > select "Fund Allocations"

2. Select Allocations To Fund: Once the fund action is selected, please select the allocation(s) you would like to distribute tokens to. Click "Complete" on the bottom right of the screen once your selection is finalized.

3. Select Amount: Admins can deposit 100% of the funds into the vesting contract, or a smaller percent of funds and later top of the contract. See more info on this below:

   • Full Option: Airdrop all tokens releasable to date

   • Fund as you go Option: Airdrop a specific percentage of tokens, or the tokens releasable up until a specific date.

   *With airdrop, you can never transfer more tokens than are currently releasable.

4. Create Fund Transaction: Once all needs have been input, you will need to create this "Fund" transaction on-chain. You can do this by clicking the the "Create Fund Transaction" button at the bottom, right of the pop up.

5. Signing Transaction: As a final step, you will need to sign the Fund transaction to deposit the funds into the vesting contract. To do this, navigate to the "Transactions" tab and sign in the order below. Please review to this video guide for more details.

   1. Initialize (if applicable)

   2. Approve (if applicable)

   3. Start and Fund

Above: An example Transaction Summary. Once a Project Admin takes an action to distribute vested tokens, the platform will provide a summary of the transaction describing, for each allocation, the exact amount to be distributed, the stakeholder’s name, and the receiving wallet.