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How to claim your vested Floin Tokens

Modified on Tue, 30 Jan 2024 at 11:06 AM

You recognized the potential Floin has and decided to invest during our ICO. Now it's time to reap the benefits. But, how do you do it? This is a step-by-step guide on how to vest your Floin Tokens.

  1. When you select your FLTK wallet, you will see three tabs in the top-left corner Wallet, Vesting, and Staking. To claim your available tokens, select Vesting.

  2. Once in the Vesting tab, you will see a new screen with your information.

    The first position shows the total amount of tokens that went into vesting. In this example, the user has 1,939,001.612826 FLTK vested – that's the amount of tokens they purchased in the ICO.

    The second position shows how many of these tokens are currently claimable. This depends on in which phase were the tokens purchased, as different phases have different vesting rules. For more on that, you can go to our Tokenomics. In this example, the user has 8.200839 FLTK tokens available for claiming.

    The third position shows how many tokens have been claimed so far. In the example, the user is obviously claiming for the first time, as they do not have any tokens claimed so far.

    To claim the available amount of tokens, you click on the blue Claim button.

    It's important to note that claiming will incur a network fee (also known as a gas fee). This is the cost of interacting with the blockchain, and given the fact FLTK is deployed on Polygon, the fee has to be paid in MATIC and is miniscule. In this example, the user is estimated to pay 0.025299090167524685 MATIC for the transaction, which is about €0.01. You can always see the estimated fee on the right-hand side of the screen, under Details -> Fee. The Network Fee is the blockchain fee, and the Platform Fee is the fee Floin collects.

  3. Once you click on the Claim button, the 2FA modal opens up. This is to ensure you are the one doing the transaction. You use the same 2FA as the one to log in to the platform. After entering the 2FA code, click Continue.

  4. You will see a notification that you have successfully submitted your claim request. At this point, the transaction is being processed on the blockchain – this can take a few minutes, depending on the amount of traffic on the chain.

    In the background, you can see a new entry in your wallet history with the Claim from Public Vesting description and the status Pending. You can track all your transactions here.

  5. After you've successfully claimed your claimable FLTK tokens, several things have changed. Firstly, your available FLTK balance has increased. You can see that on the right-hand side of the screen, under Details -> Available Balance.

    Secondly, your claimable amount has gone to zero and is slowly increasing with each passing second.

    Thirdly, your Total Claimed amount has increased for the amount of tokens you have claimed.

    In this example, the new balance is 27.712696. Finally, the Transaction History table now shows a successful Claim from Public with the Completed label in the status bar.

  6. If you need more details about a specific transaction, you can always click the Details button on the right-hand side of the Transaction History table, and more information about that transaction will appear.

Congratulations, in a few simple steps, you have successfully claimed your available Floin Tokens. You can use them to pay lower fees, be the first to gain access to interesting tokenized assets, or earn more tokens by placing them in staking. If you want to learn how to stake your FLTK tokens, click here

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