🤑Vesting

The vesting system for Deer Token involves allocating 10% of the total token supply to the project development team, which will be distributed over a 20-month vesting period. This means that the total supply of tokens allocated to the team will be divided into monthly portions of 5% until all the tokens have been distributed. During this period, the development team will receive a fixed amount of Deer Tokens each month, providing them with gradual access to the total supply of allocated tokens.

For example, if the total supply of Deer Tokens allocated to the team is 25,000 tokens, the development team will receive 1,250 tokens each month, which is equivalent to 5% of the total allocation. This process will continue for a period of 20 months until all the tokens have been distributed.

After 20 months, the vesting process will be complete, and the development team will have full access to the total supply of Deer Tokens allocated to them. The vesting system is a security measure and ensures that the development team has a long-term interest in the success of the Deer Protocol.

In summary, the vesting system for the 10% of the total Deer Token supply allocated to the development team allows for a gradual distribution of tokens over a 20-month period, providing secure and controlled access to the total allocation.