Team Finance Integrates Tezos: Creating a Token Project on Tezos Has Never Been Easier!
With the help of Team Finance, creating a project with tokens on Tezos is getting easier - you don’t even need to know coding!
Originally published at Tezos Commons News
800 words, 4 minute read
Have you ever thought about creating a token project on Tezos, but found the process too complicated and time-consuming? Thoughts like, you need a contract for the token itself, another one for locking team allocations, maybe the team allocation needs a special vesting period, and what if you want to distribute/airdrop your token or rewards to thousands of addresses? All these type of questions tend to scare people from launching, but fear no more, Team Finance wants to alleviate these fears and make it extremely simple to launch.
With the help of Team Finance, creating a project with tokens on Tezos is getting easier, and by “easier”, I mean you don’t even need to know coding!
Who is Team Finance? #
Team Finance is part of the TrustSwap ecosystem and it is a platform that provides a security toolkit for founders looking to create a token and raise funds from a community of investors as well as other services (we will go over them in more detail in a bit).
As the traditional methods of launching a token and building trust around the token are often complex and expensive, TrustSwap aims to simplify the process and make it more accessible for companies to launch and scale successful projects that incorporate tokens.
With that goal in mind, Team Finance addresses these challenges by offering a range of services that streamline the process.
Services #
- Token creation(Minting)
The first thing you might need for your project is to create a token and through Team Finance’s UI, we now have another seamless token minting service on Tezos, allowing users to create their own custom tokens with ease and in just 5 steps. Yes you read that correctly, in just 5 steps!
Whether you are a startup looking to launch a utility token or an established company interested in creating a loyalty program token, Team Finance simplifies the entire process. Their comprehensive token minting solution ensures that the created tokens are secure and compatible with Tezos’ smart contract infrastructure as you can choose between both the FA1.2 or FA2 token standards.
2. Lockups
Team Finance offers a decentralized token lockup service where users can securely store their tokens in smart contracts. These contracts cannot be traded or withdrawn until a specified time period set by the sender expires. With features like Split Locks, Partial Claims, and Lock Transfers, users have flexibility and control over their locked tokens while at the same time building trust for their community and investors.
3. Vesting
Token vesting is a process that gradually grants access to tokens over time for holders such as employees, advisors, investors, and venture capital firms. It can be implemented through linear vesting, where a percentage of tokens is released monthly or yearly until fully vested, or through a vesting cliff, where all tokens are released on a specific date.
A vesting schedule outlines the terms, including the vesting cliff and release rate, and additional tokens can be contributed to incentivize token holders to stay with the company. With Team Finance Token Vesting, founders can efficiently manage and automate token distribution according to their vesting plans.
4. Multisender
Efficiently distributing tokens to multiple addresses can be a time-consuming and error-prone process. Team Finance simplifies this task with their Multisender service. This service enables token issuers to send tez or Tezos tokens to multiple addresses simultaneously, saving time and resources.
Whether it’s a token airdrop, rewards distribution, or any other use case involving bulk transactions, Team Finance’s Multisender offers a convenient solution for seamless token distribution.
Tooling on Tezos has significantly improved over time, making it more convenient for developers and users to interact with the blockchain and build decentralized applications (dApps). With the integration of Tezos by Team Finance, the tooling just keeps getting better and better.
With the Team Finance toolkit that is made available for builders on Tezos, launching and managing a token as well as building trust with your community has been simplified to the point where anyone can do it with a few clicks. Get started today at https://tezos.team.finance/!
I can’t wait to see what projects come to fruition via Team Finance’s toolkit. The future just keeps getting brighter and brighter on Tezos! Onwards!