Early Claim Project Tokens on Propellor

In addition to the standard claiming process, Propellor offers an Early Claim option for users who wish to access their tokens before the end of the vesting period. This guide explains how to use this feature and what to consider before making an early claim.

How to Early Claim Project Tokens

Access the 'Early Claim' button in your Portfolio, next to the IDO details.

Upon clicking 'Early Claim', a popup shows details like total allocation, claimed allocation, locked allocation, penalty, and the portion available for early claim.

Review the penalty information and the claimable amount.
To proceed, click ‘Confirm Early Claim’.
Confirm the transaction in your connected wallet, mindful of any potential transaction fees (gas fee).
Post-claim, your Propellor portfolio reflects the newly claimed tokens and any remaining locked allocation.

Early Claim Penalty Calculation

When you choose to claim tokens before the scheduled vesting period ends, an early claim penalty is applied. This penalty is based on the remaining vesting time compared to the total vesting period and is applied to the remaining tokens that have not yet been vested.

For example, suppose you have a total allocation of 10,000 tokens set to vest over 100 days. If you've already claimed 4,000 tokens after 40 days, you have 6,000 tokens left to vest. If you decide to claim these remaining tokens early with 60 days still left in the vesting period, the penalty is calculated as follows: The remaining vesting time (60 days) is divided by the total vesting period (100 days), resulting in a fraction (0.6 in this case). This fraction is then applied to the remaining 6,000 tokens.

The penalty would be 3,600 tokens (0.6 * 6,000) in this scenario. Therefore, after the penalty, you would receive 2,400 tokens from your Early Claim (6,000 tokens minus the 3,600 token penalty). Remember, the Early Claim option can only be exercised once and applies to all tokens available.

Considerations for Early Claiming

Assessing the Penalty: Weigh the penalty against the need for early access.
Transaction Fees: Ensure sufficient funds for transaction fees in your wallet.
Alternative to Early Claim: If you opt not to claim early, continue to monitor your portfolio for the standard claiming schedule.

Vesting Schedules on Propellor

Once you have secured your allocation in a project, the next step will be to claim your tokens. Follow the instructions below to claim them.

Accessing Vesting Details

Project-Specific Schedules: Each project on Propellor includes a section that displays its vesting schedule. This section details the timeline and conditions for the release of tokens specific to that project.

Personalized Overview: Access the vesting schedule through your Portfolio page for a tailored view. This offers information about your tokens, including their specific vesting timelines.

Understanding the Vesting Schedule

Creator-Defined Schedules: The vesting schedule for each project is determined by its creators.
Token Distribution Calculation: Your token distribution is calculated by dividing your total allocation by the number of distributions in the schedule.
Release Outline: The schedule specifies the times and conditions under which tokens will be released to investors.
Automated Enforcement: Propellor uses automated systems to uphold the vesting schedule, ensuring a steady and methodical token release.
Stay Updated: Regular notifications inform you about crucial vesting milestones and token release events.

Support and Assistance

Should you have any queries or issues related to token vesting, Propellor provides dedicated user support. For guidance or further clarification, visit the Support page and submit a ticket on HelpScout. Our team is always ready to assist with any questions about the vesting process.