How to set up a Vesting Account?

Before setting up a vesting account, it’s important to understand how the process works:

• Wallet A initiates a vesting transaction, sending tokens to a brand new

• Wallet B, which must be one that has never been involved in any token transaction before.

Once the tokens are received, they are automatically locked, and Wallet B becomes a vesting account. The tokens will then unlock according to the vesting schedule defined by Wallet A. As each portion unlocks, those tokens become available for use or transfer.

If you’re already familiar with the flow, you can start setting it up below ⤵️

Currently, vesting transactions only support $UPTICK tokens. Please switch to the Uptick-Cosmos chain via the upper left hand corner and select your sending wallet.

To start a vesting transaction, click ‘Send’ and choose ‘Vesting Transaction’.

Then follow these steps:

1) Recipient

Enter a brand new wallet address to receive the tokens. This wallet will be converted into a vesting account upon receipt.

⚠️ Important: The recipient wallet must have no prior token transaction history.

2) Start Time

Set the start time for the lockup period. This is when the vesting schedule officially begins.

3) Vesting Options

Upward currently supports two vesting models:

Same Period

Tokens unlock in equal parts at fixed intervals, for example, once per day or once every 7 days.

You’ll need to set:

Unlocks The total number of times the tokens will unlock.

Time Between Unlocks The interval between each unlock, in days.

Total Locked Amount The full amount of tokens under vesting. The amount released each period is calculated by dividing the total locked amount by the number of unlocks.

Custom Schedule

Unlock tokens in custom batches at specific times. Each batch can release a different amount.

You’ll need to define the unlock parameters for each period individually:

Unlock Time The exact time this batch becomes available.

Amount The number of tokens to be unlocked in this period.

Click the ‘+’ button to add another unlock entry, and repeat as needed.

Once all the information is filled out, click ‘Send’ to submit the transaction. After it confirms on-chain, the receiving wallet will be converted into a vesting account, and the ‘Vesting’ label will appear in Upward.