Token vesting is an innovative idea that ensures the decentralization of projects and prevents rug pulls. The problem, however, is the complicated nature of the tools used for token vesting, distribution, and payroll for team members and contributors.
These tools are essential for highly functioning projects within the digital asset industry. Carrying out token vesting and other payment-related processes using these tools costs project developers and teams money and time.
Due to the growing demand for a more efficient way to distribute tokens, Streamflow has developed a platform with applications and tools to help blockchain projects streamline these processes while saving time and money.
What is Streamflow Finance?
Streamflow is a token distribution platform with a suite of payment-related applications and tools built on the Solana blockchain. The platform was launched to provide a wide range of payment solutions for blockchain projects.
Streamflow seeks to create seamless and reliable payroll options, becoming a crucial tool in the blockchain space and offering its secure and customizable payment services to blockchain projects and investors. The project offers web3 builder, investors, and users solutions for vesting contracts and payroll streams to help optimize their payouts.
Features of Streamflow
Streamflow offers a unique opportunity for project managers and investors to release payments progressively over time. The recipient can either withdraw the funds as they come in or wait to have them automatically sent to their crypto wallets at the end of the stipulated payment period.
The platform allows users to program vesting and cliff schedules for token transfers.
Streamflow is building a secure multisig wallet for managing treasuries. Once launched, the encrypted multisig wallet will allow teams to manage their payments and vesting efficiently. The wallet will also come with a clear summary of opened streams, signers, and more.
Knowing that security is of utmost importance for digital asset investors, the Streamflow team ensures that its tools and applications are safe for users. The platform has received an audit from Opcodes. This assures users of Streamflow’s commitment to building a secure service for users.
Token Vesting on Streamflow
Token vesting with Streamflow is straightforward and customizable. This tool is designed to make vesting tokens more appealing for project developers.
Streamflow aims to eliminate the complications and time-consuming processes that come with token vesting by offering project developers an efficient way to vest SPL tokens.
The Streamflow token vesting app offers the following customizable features to developers::
Choosing the timespan for the token vesting contract is a rather straightforward process as users can select a start and end date and time for the vesting schedule with just a few clicks.
Exact Release Frequency
The exact release frequency allows the vester to determine the precise number of times vested tokens can be released. This release frequency can be set in the form of multiple time units from a single second to more spread-out periods, including minutes, hours, days, weeks, months, and even years.
By allowing users to set precise schedules, Streamflow serves as an efficient tool for distributing tokens via vesting.
Setting cliff dates and times allows users to adjust certain aspects of the token vesting process, including unlocking a percentage of the vested tokens at a preset time. Users simply have to select the relevant dates and percentages to complete this process.
This feature is designed to automatically transfer unlocked tokens to the recipient’s walls. Users do not need to connect their wallets to the Streamflow wallet to receive their tokens, as they will automatically be sent there.