Use LeadBest Distribution Tool to Help Manage Your Vesting Schedules with Greater Speed & Efficiency

A New Solution for A New Market

More and more token sale fundraisers are now choosing private token sales over ICOs (Initial Coin Offering). You may have already noticed this trend from the growing number of customized token sales being discussed in the crypto groups in Telegram or WeChat. This is because customized token sales can offer much greater levels of flexibility compared to conventional ICOs.

The most obvious advantage of customized token sales is that they can be configured to feature different vesting conditions. This high level of flexibility to customize is also incredibly helpful for the fundraisers’ efforts to comply with different regulatory requirements while trying to maintain the value of their tokens at the same time.

In order to enjoy this high level of flexibility, most fundraisers prefer to conduct their lock and vesting operations manually instead of using smart contracts. Which is why in today’s market, most lock and vesting operations are conducted manually.

What is a vesting schedule?

It is the time whereby the receiver of a “locked” or “vested” token must wait until they can transact or exchange the token on the market. A “locked” or “vested” token is one that is sent to a wallet, but cannot be transacted or exchanged on the market just yet. In fact, vesting is a common and necessary practice in asset management that is conducted for a variety of practical as well as regulatory reasons.

A Comparison of Blockchain Asset Vesting Methods

For the investors, the current vesting methods (smart contracts and manual vesting) mean they all have to wait a certain period before they can use the tokens. Their wallets may have received the tokens at different times, but they still need to wait before they can use the tokens.

For the token distributors (founders, fundraisers, distributors), the current manual vesting method means they need to conduct periodic manual batch sending of their tokens to different wallets; this is most often conducted by fundraising companies who may be running multiple projects, and may need to send tokens to the wallets of tens of thousands of investors on a monthly basis.

It was the most crucial feedback in our user surveys, that every transaction shall be meticulously examined, from beginning to end.

“There shall be at least 3 individuals in charge of checking every token sending procedure, which includes checking the investment record, checking the investor’s wallet address, and checking the amount of token to send.” — Prominent crypto veteran

The decentralized, irreversible nature of blockchain technology means no blockchain transactions can be canceled or rolled back after hitting confirm. That is why all token distributors carry out triple checks. Token distributing can be bittersweet, sometimes all it takes is one mistransaction.

LeadBest Token Distribution Tool Is Here to Help

LeadBest Token Distribution Tool can help you handle the most crucial steps of your token distribution operation.

Simply upload your prepared spreadsheet to the platform — the tool will check the accuracy of every entry on the blockchain for you, as well as perform error detection and correction on important details such as TxHash, token amount, Eth amount, receiver email, and receiver wallet address.

You can see each step take place on the screen as you go, and hit confirm for each transaction as usual, but you are now 66% more efficient, and your risk of human error is minimized.

The tool will deliver email notifications to each receiver to inform them about the completion of each transaction.

Let LeadBest optimize your efficiency, enhance your customer engagement, and boost your brand.

Interested in knowing more about LeadBest Distribution, please visit here: Distribution — Step by Step Tutorial

Want to try now? Visit here https://app.leadbest.io/

(BTW: Computer user requires to install MetaMask and mobile user needs to install Cipher respectively.)

To learn more about LeadBest, please visit our website: https://www.leadbest.io/

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