Paragons is a gaming platform that raised $11.5M in its initial coin offering (ICO), which will fund the development of a new decentralized game world powered by blockchain technology, smart contracts, and other cutting-edge technologies.
The “crypto vesting meaning” is a new feature that was recently launched by Paragons DAO. The feature is designed to give token holders more control over their tokens.
Vesting Capsules powered by Charged Particles now include team tokens from the recent launch of $PDT.
On Copper Launch, Paragons DAO raised 13 million DAI in their Liquidity Bootstrapping Pool (LBP). Congratulations to the whole Paragons DAO community!
Who are you, exactly?
IKYMI, Paragons DAO is a “promising blockchain-powered gaming ecosystems’ economic and social partner-DAO.” Its first concentration is on Parallel NFT, a sci-fi trading card game, with plans to extend to additional games.
Team tokens are really included inside Vesting Capsules. Each capsule has a $PDT linear vesting coupon.
There are 17 Vesting Capsules in all, one for each of the founders of ParagonsDAO. Each Vesting Capsule is a one-of-a-kind item, personalized for each founder — the ‘description’ metadata element identifies the original owner. Despite the fact that they may be freely sold, the original founder’s name stays on his Vesting Capsule.
A total of 16.8 million $PDT has been vested in these Vesting Capsules, resulting in a $25.2 million Total Value Locked. Charged Particles’ TVL is increasing!
For staking, DeFi Ted has dubbed these NFTs “Governance Vessels.”
What exactly does it imply?
The vesting voucher must be removed before the founder tokens may be sold. As a result, retaining the voucher within is a staking mechanism, whilst removing it is un-staking.
“There are plans to add to this Capsule,” DeFi Ted has said. As long as the voucher remains in the NFT, the capsule will be able to get passive returns, exactly like a staker. It makes sense in terms of behavioral economics.”
Vesting Capsules, as recently explained by Ben Lakoff, are tradable token vaults enabled by Charged Particles. They “are going to be,” as Ben puts it.
Thread on Twitter
Vesting Capsules’ Mysterious Powers
Until recently, vesting bitcoin tokens required tying them to a contract for a certain period of time. Simply said, it performs exactly what it says on the box.
- But what if you wanted to exchange your position as the token’s receiver, even while the tokens themselves couldn’t be traded?
- What if you wanted to borrow money using your position as collateral?
Both of these are feasible because to Vesting Capsules!
Capsules, unlike tokens, may be easily sold and collateralized by their owners, essentially making their equity/position liquid.
Vesting Capsules enable investors to trade and collateralize their vesting holdings while keeping their tokens off the market. Locked tokens, liquid places
To vest, follow these three steps. Un-vesting is only one step away. There’s no limit to what you can achieve.
We’re excited to add Vesting Capsules to our increasing list of Charged Particles applications…
Vesting Capsules | NFT Trust Accounts | Gift Baskets | Improved NFT Index Funds | Financially Appreciating Artworks | Nested Bundles of Artworks | Redemption Tickets | Innovative Crowdfunding Campaigns
Users may deposit ERC-20, ERC-721, and ERC-1155 tokens into NFTs via the Charged Particles protocol. A rare NFT (such as art, collectibles, virtual real estate, in-game items, and so on) may now be turned into a basket that holds a variety of different tokens. The Principal amount may be time-locked within the NFT, and the programmed yield from these DeFi yield-generating assets is only a few clicks away thanks to Aave’s aTokens integration.
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The “what is linear vesting in crypto” is a way of distributing tokens that allows for gradual release over time. In other words, the more you hold, the faster you get to keep it.
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