To further display that the team behind Airclipse are in this with a longterm commitment, the founders and partners have agreed upon a 2-year vesting period with a 6 month cliff.
What does that mean?
Vesting of equities means that the shareholder must earn those shares over time by providing services to the corporation. Vesting is very important to protect the initial shareholder of the corporation, called the “founders,” from each other.
When a shareholder quits working for a start-up company and takes a large chunk of equity with him or her, it can be very demoralizing for the remaining founders who continue to work for the corporation to build their equity. Vesting is the mechanism that guards against that happening. A vesting “cliff” means that there is a period of no vesting, but when the specified time (the “cliff”) is hit, the benefit becomes fully vested.
For example, in the case of Airclipse, a 24-month vesting schedule with a 6 month “cliff,” no vesting occurs for the first 6 months, but at the 6-month point the shareholder receives full credit for 6 months of vesting. After the “cliff” is met, vesting would continue monthly thereafter.
The vesting period displays Airclipse teams’ policy, how the project is designed for the team to build what they love and believe in. The consensus amongst the founders is to strive to make the Airclipse platform a household name both within the Ethereum blockchain network and the mainstream market.
Many ICO’s are launched with different intentions and we at Airclipse implore all token buyers to be extremely careful when deciding which companies to buy tokens from. Be thorough when reading through the materials, especially the white papers. There are a lot of cowboys out there!