Token Vesting Calculator (Cliff and Linear Unlocks)
Enter the grant, cliff, vesting period and months elapsed.
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Token Vesting Calculator (Cliff and Linear Unlocks) by TheCalcTools
How the Token Vesting Calculator (Cliff and Linear Unlocks) works
A cliff means nothing (beyond any amount unlocked at launch) vests until the cliff date; then the months already served vest at once, and the rest vests in equal monthly amounts until the end.
Startups commonly use 4 years with a 1-year cliff for employee options; token projects publish their own unlock schedules.
The formula
Worked example
Using the default values shown in the calculator:
| Total tokens or shares granted | 120000 |
|---|---|
| Cliff (months) | 12 |
| Total vesting period (months, including the cliff) | 48 |
| Months since the start | 20 |
| Unlocked at the start (TGE) | 0 % |
| Price per token or share | $0.8 |
- After 20 months of a 48-month schedule with a 12-month cliff: 50,000 vested (41.7%).
- 2,500 unlock each month; worth $40,000 now.
Result:
| Vested so far | 50,000 |
|---|---|
| Share vested | 41.7% |
| Unlocking per month after the cliff | 2,500 |
| Value of vested amount | $40,000 |
| Months until fully vested | 28 |
Frequently asked questions
What happens if I leave before the cliff?
Usually nothing has vested and the grant is forfeited. Check your agreement.
Sources and further reading
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This calculator gives estimates for information only. It is not financial advice, and your lender's or provider's figures will govern. Rates, fees and rules vary. See our disclaimer.