What is a Vesting Schedule?
A vesting schedule is a predetermined timeline that controls when tokens allocated to specific stakeholders — team members, advisors, private investors, and treasury — become transferable and can be sold on the open market.
Without vesting, anyone who received tokens at a discounted price (team, private investors) could immediately sell all their tokens at launch, potentially crashing the price. Vesting schedules protect public investors by staggering these releases over months or years.
💡 Why Vesting Matters for Presale Investors
When team and private investors have long vesting schedules, their financial interests are tied to the project's long-term success. They need the price to stay high for months or years before they can fully cash out — which means they're incentivized to keep building and growing the project.
Types of Vesting Structures
Linear Vesting
The most common structure. Tokens unlock in equal portions over a defined period — for example, 1/24th per month over 24 months. This creates predictable, gradual sell pressure that the market can absorb more easily.
Cliff + Linear Vesting
The most investor-protective structure. A cliff period (typically 6-12 months) during which no tokens vest, followed by linear monthly releases. The cliff ensures the team remains committed before any tokens unlock.
TGE Unlock + Vesting
Some allocations unlock a percentage at TGE immediately, with the remainder vesting over time. Public presale allocations often unlock 100% at TGE, while team tokens start their vesting clock from TGE.
Milestone-Based Vesting
Less common but highly investor-friendly. Tokens unlock when the project achieves specific milestones (mainnet launch, user targets, revenue thresholds). Creates strong incentive alignment between team and investors.
How to Read a Vesting Table
| Allocation | % | TGE Unlock | Cliff | Vesting | Risk |
|---|---|---|---|---|---|
| Public Presale (BMIC) | 50% | 100% | None | None | ✅ Low |
| Team (BMIC) | 3% | 0% | TGE | 24 months linear | ✅ Very Low |
| Private Sale (BMIC) | 10% | 0% | TGE | 12 months linear | ⚠️ Moderate |
| Staking/Rewards (BMIC) | 12% | 0% | TGE | 24 months | ✅ Low |
Red Flags in Vesting Schedules
BMIC Vesting: Built for Long-Term Investors
BMIC's vesting structure is one of its strongest investor protection features. Public presale buyers get 100% of their tokens at TGE — no waiting. Team tokens (only 3% total!) vest over 24 months, ensuring the team is committed for the long haul.