Magna

What’s the difference between unlock and vesting schedules? Do projects really need to think about them separately? We get this question a lot from projects, especially those that don't come from a Web2 background and haven't been exposed to traditional equity vesting. True "vesting" schedules define the gradual transfer of legal ownership over a specific asset, usually starting on the first date of employment, and is written into a legal restricted token grant, restricted token unit, token option agreement, or other types of token awards. Unlock schedules in crypto broadly define the actual transfer of tokens from the project to a recipient over time, starting at TGE. They're much more flexible, and can apply to just about any stakeholder including employees, investors, community members, and even the project's own treasury – each category of stakeholder usually on its own unlock schedule. Unlock schedules are often used to control sell pressure and align stakeholders long-term. People in the space often say "token vesting" to generally mean any distribution of tokens to a recipient on a specific schedule, but it's important to know the difference between true legal vesting and other types of scheduled distribution. In this week’s blog post, we’ll break down the key differences between vesting and unlock schedules, and explain when and why either (or both!) may apply. Read it here 👉 https://lnkd.in/e_XH6m2Y 

📢 Calling all tech founders! We're continuing with our 'Coworking Fridays' series this week, June 14th 👉 https://lu.ma/j6tx6vz7 Come cowork at our expansive Soho loft & rooftop ft. hot coffee & fresh pizza! This is a chance to network with other founders & organizations building within the web3 ecosystem.

Some exciting news to end the week: We are #hiring! Come help us build #web3 software infrastructure for the largest and most innovative networks and protocols! Below are the roles we're hiring for: - Marketing Intern (paid) - Senior Software Engineer (TypeScript) - Senior Software Engineer (Protocol) - Software Engineer (New Grad) Visit our careers page to learn more and apply: https://lnkd.in/eQrw_8vj

We've added another white-label solution to our suite of services: custom branded claim portals! Thank you to The Block for covering this latest update! Read their latest post to learn more about how Magna is improving the airdrop experiences for our customers: https://lnkd.in/eH27QZhj

Prepare for takeoff 🚀 To our builder community - thank you for your interest! We received 70 applications from projects across web3 for the Token Launch School. If you weren't selected, stay tuned for future sessions. Now, presenting to you the inaugural cohort and agenda for Magna's TLS👇

Access Labs recently onboarded to V2 of our product just in time for their token unlocks 🔓 Read on to learn about how Magna was able to help them distribute tokens safely and easily to their team and investors! Full post here: https://lnkd.in/g46mrvJA Check out Access Labs to learn more about how they are reinventing the way content creators monetize their work and users *access* premium content. Need help with your token? Reach out to us today! https://lnkd.in/gMXie_D9

Magna is now SOC 2 Type II compliant! With billions of dollars worth of tokens locked up in our smart contracts, staying committed to compliance and security couldn't be more important. Magna was audited by Prescient Security. Read the full press release here: https://lnkd.in/gzFk4JbB

Magna is now SOC 2 Type II compliant! With billions of dollars worth of tokens locked up in our smart contracts, staying committed to compliance and security couldn't be more important. Magna was audited by Prescient Security. Read the full press release here: https://lnkd.in/gzFk4JbB

And that's a wrap! The vibes at EthDenver this year were immaculate 👌 Our team had an amazing time meeting builders and founders in person at the events we hosted. Is the bull market back upon us? Sure seems like it 🐂