How to Vest and Claim $WFI
1. Introduction to Vesting and Claiming: What It Is and Why It's Necessary
What Is Vesting
Vesting is the process of gradually unlocking your tokens. Each day, 1/180 of the total amount of tokens you have sent to vesting becomes unlocked, allowing you to later withdraw them to your cryptocurrency wallet or exchange.
Tokens eligible for vesting can be located in two sections:
Activated ITO: This is where tokens you've received through mining are stored, and they can be transferred to vesting.
StWFI (Staking): This is where tokens that were in staking are located. If their pool has already unlocked, you can also start vesting these tokens.
Important to Remember:
Vesting is not an automatic process. To start unlocking your tokens, you need to manually click the "Vest" button in the Activated ITO or stWFI and Ref sections, depending on where your tokens are. You can initiate vesting once a day.
What Is Claiming
Claiming is the process of collecting tokens from vesting and by which you withdraw available tokens to your wallet (and crypto exchange soon) after they have been unlocked.
Unlocked tokens after clicking the button Vest move to the "Ready to Claim" status and become available for claiming (i.e., withdrawal) once every 7 days.
Important: The first time after activating vesting, you can withdraw tokens available for claim immediately. However, for all subsequent withdrawals, you'll need to wait 7 days.
Why Is This Important
The processes of vesting and claiming help maintain a sustainable token economy by preventing sudden large releases of tokens into the market.
2. Interface Description for Vesting and Claiming
The platform's interface includes several sections specifically designed for managing token vesting and claiming. Below are all the elements and buttons related to these processes, along with their functions.
"Activated ITO" Section
This is where mining takes place.
"Vest WFI" Button: When you want to start the vesting process for tokens mined within the ITO, click this button. After clicking, tokens from the Available Mined WFI section will begin unlocking at a rate of 1/180 per day. They will gradually move to the Ready to Claim status when you click the "Claim" button in the corresponding section. You can withdraw them as soon as they become available.
"stWFI" Section
"Ready to Vest" Label in the Staking WFI Section: Shows the number of tokens that are ready to start the vesting process but are not yet unlocking. To start unlocking them, click the "Vest WFI" button.
"Already Vested" Status: Displays the number of tokens that are already in the vesting process and are gradually unlocking.
"Vesting Schedule" Section
This section allows you to track all parameters related to vesting and claiming, providing a complete overview of your tokens' current status.
Total Vested WFI: Shows the total number of tokens that have completed the vesting process and can be claimed (withdrawn).
Currently Vesting: Indicates how many tokens are in the process of unlocking according to the vesting schedule and will gradually become available for claiming.
Ready to Claim: Tokens that have completed vesting and are available for withdrawal. This parameter lets you see how much you can claim during your next withdrawal. Note: Claiming is available once every 7 days.
Total Claimed:
"Claim" Button:
Upon clicking, the system will ask you to confirm the withdrawal and specify your Binance Smart Chain (BSC) address (or use a previously connected address if you used a self-custodial wallet like MetaMask). Ensure the address is correct, as it will be used for claims. If you enter an incorrect address, the tokens will be lost!
If you checked the address then click Withdraw
And you get Confirmation modal window
Important: You can perform your first claim immediately once tokens become available after you click vesting for the first time. However, all subsequent claims can be made only once every 7 days. After the first claim, you will see the countdown for the next potential claim.
3. Vesting and Claiming Scenarios Depending on Where Your WFI Tokens Are
Scenario A: User Purchased ITO and Did Not Send Them to Staking
After purchasing ITO and not taking advantage of earning more through staking, all your mined tokens will be subject to the 1/180 rule. However, they do not automatically enter the vesting process. You must initiate this process yourself.
Action Required: In the Activated ITO section, click the "Vest WFI" button to start the gradual unlocking of your tokens at a rate of 1/180 of the mined amount. From this moment, tokens will gradually move to the "Ready to Claim" status according to the vesting schedule (1/180 daily). You can see how many tokens are available for claiming (withdrawal). Clicking the "Claim" button will prompt a window where you can select the address to withdraw your tokens.
Scenario B: User Activated Both Mining Through ITO and Staking, and the Staking Period Has Ended
Situation: You have active ITO in the Activated ITO section, generating tokens available for vesting daily. You also participated in staking, and your staking pool has completed its lock-up period, allowing you to start the vesting process for staking tokens.
Actions:
In the Activated ITO Section:
Click "Vest WFI" to allow tokens from ITO to start moving to the "Ready to Claim" status.
In the stWFI Section: If the staking period has ended, click "Vest StWFI" to activate vesting for tokens that were staked. These tokens will begin unlocking and also move to "Ready to Claim" as they accumulate.
Claiming:
Once tokens from both sections have accumulated in the "Ready to Claim" status, go to the Vesting Schedule.
Click the "Claim" button to withdraw. You'll see the total amount of tokens available for claiming, which will be automatically populated.
Confirm your BSC address or change it if necessary.
Note: Claiming can be performed no more frequently than once every 7 days.
Scenario C: User Sent All Tokens to Staking After Activating ITO, and the Pool Has Unlocked
Situation: After activating mining through ITO, you sent all tokens to staking, and they are active in staking. Now, one of your staking pools has completed its lock-up period, allowing you to start the vesting process for these tokens.
Actions:
In the stWFI Section:
Check the status of your staking pools.
If the lock-up period for a pool has ended, click "Vest StWFI" in this section to start the vesting process for tokens from the completed pool.
Vesting Process:
Tokens will begin moving to the "Ready to Claim" status according to the vesting schedule.
Claiming:
Once a sufficient number of tokens has accumulated in "Ready to Claim", go to the Vesting Schedule.
Click "Claim" to initiate the withdrawal.
Verify and confirm your BSC address for withdrawal or enter a new one if necessary.
Remember, the next claim can be made 7 days after the previous withdrawal.
Scenario D: User Sent All Tokens to Staking After Activating ITO, and the Pool Has NOT Yet Unlocked
In this case, you have no tokens available for vesting, and you'll need to wait for one of your staking pools to unlock. Alternatively, you can soon purchase tokens on one of the cryptocurrency exchanges where our token will be listed.
4. Limitations and Rules
Claiming Limits per User
Daily Limit:
You can claim up to 50,000 WFI per day. If the amount exceeds this limit, the system will display a message indicating the daily limit has been reached.
Action Required:
If you reach the limit, you'll need to contact support for assistance.
Frequency of Claiming
Claiming Interval:
Claiming is available once every 7 days. The first claim is available immediately after tokens are unlocked. Subsequent claims are only possible after a 7-day interval.
Timer Display:
The interface will display a timer indicating when your next claim is available.
5. Frequently Asked Questions and Answers (FAQ)
What Should I Do If the Withdrawal Limit Is Reached?
Situation:
If you reach the daily limit of 50,000 WFI, the system will not allow you to perform claiming.
Solution:
Please contact support if you have additional questions or need assistance.
How Do I Change the Address for Claiming?
During the Claiming Process:
You can enter a new address if it differs from the previously saved one.
Important:
Ensure that this is your valid Binance Smart Chain address to avoid losing tokens.
When Will I See My Tokens in My Wallet After Claiming?
Transaction Time:
Tokens should be credited to your wallet within a few minutes after the transaction is completed.
Network Variability:
Time may vary depending on network congestion.
Important: Manual Token Addition:
First, if you don't see your tokens, you'll need to manually add the WFI token display using the "Import Token" function in your wallet. To do that you need to click Import Token in the related section when you use Binance Smart Chain network. The Token Contract Address to add:
Use the universal token address: 0x90c48855bb69f9d2c261efd0d8c7f35990f2dd6f.
Critical Note:
Do NOT use this address to receive tokens. Never add this address in the token withdrawal field from the platform. This address is only needed in your wallet when you click "Import Token" to see how many WFI tokens you've withdrawn.
6. Security Tips
Confirming the Address Before Withdrawal
Double-Check Your Address:
Before each claiming, ensure the entered address is correct.
Risk of Loss:
An incorrect address can lead to the permanent loss of your tokens.
How to Ensure the Address Is Correct to Avoid Losing Tokens
Copy and Paste:
We recommend copying your BSC address directly from your crypto wallet and pasting it into the address field during claiming.
Verification:
Always check that the address starts with "0x" and matches your BSC wallet address to minimize risks.
Last updated
