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Lock Presale Token
Vesting For Contributor is a feature on ApeSale that helps projects to ensure long-term price stability by locking the tokens of pre-sale investors for some time. It prevents pre-sale investors from selling all of their tokens at once at the time of listing, which causes too much selling pressure and drives down the price.
Follow the steps below to use the Vesting for Contributors feature
  1. 1.
    Connect your wallet.
  2. 2.
    Select your Token if you already have one or create a new Token for Launchpad by following these instructions: https://docs.apesale.app/main-product-launchpad/create-launchpad
  3. 3.
    In “step 2: Defi Launchpad information”, please check the box “Using Vesting Contributor”. Here are some important parameters: First Release to Presale (percent): The first batch of total Presale Tokens will be issued at TGE. Please note that this is expressed as a percentage, not by the number of Tokens. Voting Period Per Cycle (days): Presale Contributors will need to wait for this period to receive their Tokens. Token Presale Per Cycle (percent): The number of tokens that will be issued per cycle after the first issuance. Please note that this is expressed as a percentage, not in the number of tokens.
NOTE: Contributors must claim their Tokens manually from the Launchpad page on ApeSale. For example, your project has the following Vesting For Contributors calendar: 100 Tokens have been sold in Presale, 20% Presale Token will be issued at TGE, and 10% will be released every subsequent month. Your Presale will open on January 5th. Presale Contributors purchased all 100 Tokens at TGE, then you finalize your Launchpad and Contributors can claim their Token Presale, in total is 100 x 20% = 20 Tokens. Then, on the 5th of every month, they can claim 10 Tokens at a time by visiting the ApeSale dashboard. On September 5th (8 months after the end of your pre-sale), they will receive the last batch of tokens. In the example mentioned above, you would enter the following: First release for presale price (percent): 20 Nesting time per cycle (day): 30 Presale Token issued per cycle (percent): 10
How to claim
  1. 1.
    After the project owner completes the Launchpad (https://docs.apesale.app/main-product-launchpad/create-launchpad), the Presale will end.
  2. 2.
    Presale Contributors can now visit the Launchpad presale page and claim the first batch of presale Tokens by clicking the “Request” button. They can also check the Current Test Cycle and Remaining Test Cycle. According to the above example, the Current Duty Cycle is 0/8 and the Remaining Duty Cycle is 30 days. After 8 months (240 days), it will become 8/8. If for some reason presale contributors do not claim their Tokens when the cycle ends, claimable Tokens will be accumulated. For example, if they only claim once after 8 months from TGE, they will be able to claim all the tokens issued at that time
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