[TechWP-episodes] Vesting and Genesis
Vesting represents rules laid down of user balance issuance. Vesting guarantees linear distribution of balances and does not permit changing this rule after launch.
Parameters of vesting:
begin_timestamp – vesting begins at the time of TravelChain working net launch;
vesting_duration_seconds – duration to be indicated before launch of working net and depends on many factors;
begin_balance – participants to PreTokenSale and the team have unchangeable vesting balances in TravelTokens according to distributed stakes.
Participants of Token Sale are not concerned with vesting.
Rules of vesting are set out in blockchain genesis-block which is formed by the team before TravelChain working net is launched. It contains:
- Total number of TravelTokens in the economics;
- Accounts and public keys of TravelChain users;
- Vesting-balances of all TravelChain users;
- Accounts and public keys of initial delegates of TravelChain;
- Accounts and public keys of initial committee members of TravelChain;
- A set of fees in TravelChain.
Genesis-block is formed only once, the procedure of whole-system vesting is not repeated.
You can take part in TravelChain's Token Sale here.