Token vesting, the action of reserving and releasing a certain amount of tokens, is becoming common practice for blockchain projects for two main reasons: it ensures stakeholder commitment and lowers price manipulation.
In this article, explore from concept to production, how we developed an automated token vesting tool for the next-gen NFT Game – Age of Gods.
About the Client
Age of Gods is an adventure-filled interactive game developed by the powerful Juego Game – the studio trusted by global entertainment corporations such as 20th Century Fox, Disney, Warner Bros, and Amazon with 250+ successful game projects.
Via various gameplays such as guilds, arena, PVP, and tournaments, players can gain and sell AOG NFTs and tokens in a sustainable system, backed up by the 100% buyback-and-burn strategy.
The Challenges
Nick Van der Kolk, CEO of Age of Gods, contacted Ekotek via recommendation of an advisor to build, direct quote, “a battle-proven vesting solution” that would help their Initial DEX Offering.
He emphasized that they wanted to provide their investors with the peace of mind that tokens are being distributed fairly and on time, as there have been many projects that screwed up the process and lost their credibility along the way.
🔸 Read more: Token Vesting Tool: An essential part of any blockchain startup
The Solutions
The first thing we did upon receiving the Age of Gods’ request is defining the scope of work: feature development, web design, smart contract development, and security enhancement.
1. Feature development
With the above features, project stakeholders shall be able to claim their vested token schedules during the allocated period in 3 simple steps:
- Step 1: Connect their wallets
- Step 2: Select the vesting schedule
- Step 3: Claim their tokens
2. Web design
The vesting tool’s interface shall be consistent with Age of God’s brand identity. Every detail is dedicatedly customized, from the background image, and font interface to color and button type.
3. Smart contract development
Provided with the vesting schedule and stakeholders’ wallet addresses, our experienced blockchain developers were quick to set upload these data on the smart contract.
After development, the tool was carefully audited and on the testnet to detect & fix any loopholes before the official launch.
The Results
With a flexible white-label vesting solution already in place, it only took Ekotek a week to custom develop and deploy the vesting tool for Age of Gods. Check out how amazing it looks here, but remember, only its investors can access the tokens.
The tool helps manage Age of God’s vesting process for more than 10,000 wallets of 48,000 million tokens – all with a blazing transaction throughput of 3 to 5 seconds.
Nick was so impressed with the delivery that he recommended Ekotek to other partners in need. So if you’re looking for a solution to make token vesting automated, on-brand, and foolproof, contact Ekotek today to get it done within weeks, not months.
