How To Fund Claims
Each section title contains a hyperlink to its corresponding video demo for a more thorough guide.
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Each section title contains a hyperlink to its corresponding video demo for a more thorough guide.
Last updated
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(aka distribute tokens for stakeholders to claim).
Select Action: When you are ready to initiate the on-chain vesting, please click the pink "Actions" button on the top right -> select "Start and Fund Allocations"
Select Allocation(s) To Fund: Once the fund action is selected, please select the allocation(s) you would like to put on-chain aka distribute tokens to.
Select all by clicking the checkbox on the top left-hand corner (inline with the column headers)
Click "Continue" on the bottom right of the screen once your selection is finalized.
Select Amount: For claims, you have the below (2) options
Full Option: You are depositing 100% of the tokens for that allocation on-chain. You will notice that the Fund Allocations box contains the below details:
Total Allocation Amount = the total amount allocated to the selected allocations
Funding Amount = allocation minus what's already been received (this is relevant when you have allocations that were already funded outside of Magna)
Fund as you go Option: You are depositing tokens up until a specific date (e.g. fund enough for the stakeholder to claim through the end of the year.)
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.
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:
First: Initialize (if there is one pending)
This is important to deploy the vesting contract
Second: Approve
Third: Start Distribution and Fund Contract
What happens now? Once the vesting has been initiated on-chain, stakeholders are able to claim tokens as they vest or unlock per the relevant schedules. Unlock dates can be seen in detail by clicking into the specific allocation.
At this point, admins can take the following actions:
If Cancel is enabled: Admins are able to stop an on-chain distribution and return unvested tokens in the contract to the company.
If Revocable is enabled: Admins are able to stop an on-chain distribution and return unvested and vested tokens in the contract to the company.
