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1) Stakeholder A stakeholder is a user on the Magna platform who is the recipient of one or more allocations. A stakeholder has attributes including an optional name and an email and/or wallet address. A stakeholder could be, for example, an employee, investor, or community token recipient. Stakeholders are able to log in with their email or wallet, and can be associated with multiple allocations. 2) Allocation An allocation is the main way to record entries for tokens owed to stakeholders within Magna. Each allocation contains a few core properties:
  • A stakeholder, who is able to login to view the allocation.
  • A wallet that will receive the tokens.
    • For Claim-type allocations, the wallet that can claim the tokens.
    • For Direct Transfer-type allocations, the wallet that the tokens will be transferred to.
  • A category, used to differentiate the allocation.
    • e.g. “Investor”, “Employee”, etc.
  • A number of tokens, representing the total number of tokens to be received.
  • An unlock schedule and corresponding unlock start date.
  • (optional) An additional vesting schedule and corresponding vesting start date.
This key information is viewable on your Portfolio page when you login, where you will find one card for each allocation.
Below are some examples of what an “allocation” can represent:
  • An employee’s token grant, vesting over 4 years.
  • An investor token allocation, unlocking over 2 years.
  • An airdrop allocation for a community member, claimable immediately at launch.
3) Allocation Type: “Claim” or “Direct Transfer Allocations in Magna are set up as one of two types:
  1. “Claim” - Tokens are deposited into an on-chain escrow contract and can be claimed as they unlock.
  2. “Direct Transfer” - Tokens will be transferred by the admin directly to the recipient wallets (no action required by the recipient).

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4) Unlock Schedule / Unlocked

The unlock schedule defines when tokens become unlocked. When tokens are unlocked (if there is not an additional vesting contract that applies):
  • For Claim-type allocations, unlocked tokens can be claimed from the on-chain escrow contract.
  • For Direct Transfer-type allocations, unlocked tokens are eligible to be transferred to recipient wallets.
5) Vesting Schedule / Vested / Releasable Some projects may wish to apply two independent schedules to an allocation, an Unlock Schedule and a Vesting Schedule. In that case, tokens are not able to be claimed or tranferred until they are both vested and unlocked. In Magna, this condition is known as “Releasable”. Tokens are “releasable” when they are both unlocked and vested, at which point they can be:
  • For Claim-type allocations, they can be claimed from the on-chain escrow contract.
  • For Direct Transfer-type allocations, unlocked tokens are eligible to be transferred to the recipient wallets.

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4. Admin (or “project admin”)

An admin within Magna is a user from the token project with permissions to add and edit stakeholders, add and edit allocations, and initiate distribution transactions within the platform to transfer vested tokens to stakeholders.

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5. Transaction

A transaction within Magna represents an on-chain transaction that, when signed and executed, carries out an action such as Withdrawing tokens form the escrow contract.