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Introducing Cross Vest, a Multi-Chain Token Vesting Tool Built for Teams with Sophisticated Token Needs
Now Live on Binance Smart Chain, Polygon, and Ethereum
Hot Cross is proud to unveil two new tools into our Ethereum and EVM Network product suite: Cross Vest Beta and Cross Claim Beta, which are both live on Binance Smart Chain, Polygon, and Ethereum mainnets. (We’re calling these Beta state simply due to the fact that the UI was put together by our developer brains and know that feedback on the claim page design is essential.)
What do these do? In short, Cross Vest is an admin dashboard and suite of smart contracts that allows a team to vest tokens based on a variety of parameters, including, but not limited to:
Beneficiary: the person receiving the tokens;
Network: Binance Smart Chain, Polygon, Ethereum, etc;
Allocation: Total amount of tokens to vest;
Amount Release: Amount of tokens per beneficiary released to date;
Claimable Now: Amount of tokens that someone is able to claim now;
Cliffs: The concept of cliffs is common in traditional finance - this allows vesting to run but the actual claim time to be extended or put into a cliff;
UI elements to visualize the token vesting;
And UI elements to visualize the token claim history.
Cross Claim is the claimer side of the above. While the vester itself is for teams, the claimer is for users to enter into their dashboards and retrieve their tokens. What’s the use case here and who is it for?
Event prizes that a team wishes to distribute over time;
And anything else that could be dreamed of related to the concept of tokens and vesting, as well as cliffs.
📥 Example claim transaction on Binance Smart Chain
📥 Example claim transaction on Polygon
📥 Example claim transaction on Ethereum
In developing the Hot Cross token and its underlying supply, we realized that we had an opportunity to develop a tool that would not only serve our incubators and strategic partners but also potentially B2B clients with sophisticated vesting needs or teams that wish to engage in vested rewards for their community. If you’re a team that would like to take advantage of vested rewards or tokens across multiple chains (or just a single chain), get in touch with us.
About Hot Cross
Hot Cross is an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive. At its core, Hot Cross aims to be the best toolbox for ETH and EVM networks. Their development philosophy is agile, and they are a cohort of builders who aggressively seek out opportunities to meet the demands of the now for both B2B and B2C. The core thesis that Hot Cross presents is that users and teams will migrate in part to new networks that feel familiar when presented with sufficient tooling and freedom. While Hot Cross is a company and an ecosystem in and of itself, our goals are towards allowing niche communities to flourish using our technologies, whether or not they know we are the ones building them.