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blockchain or <strong>software project</strong> that is still in its <strong>early stages</strong> and does not have a <strong>functioning product</strong>. Typically, the project is still <strong>under development and is not yet ready for public distribution. </strong>The project might be announced <strong>months or even years before its release</strong>.</p>\n<p> </p>","level":"easy","meta_title":"What is Vaporware? Definition & Meaning | Crypto Wiki","meta_description":"Vaporware meaning: Vaporware - is a blockchain or software project that is only a concept and does not yet have a working product.","meta_keywords":null,"language":"en","created_at":"2022-04-01T13:45:26.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-vaporware"},"prevSection":{"id":795,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Vesting Period?","slug":"what-is-vesting-period","section":"V","keyword":"Vesting Period","status":"published","definition":"a certain time period in which the sale of a token is restricted.","content":"<p>The vesting period (also known as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token-lockup/">
token lockup</strong></a>) is <strong>a specific time period in which tokens purchased during the</strong> <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">ICO <strong>pre-sale stage are</strong> <strong>restricted from being sold</strong>. Usually, the tokens are transferred after they have been received (not all the time though).</p>\n<p>Lockups come in various types, and they're frequently used together with other systems like <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-soft-cap/">soft caps</strong></a> and bonus tiers. Each has its own set of benefits and drawbacks.</p>\n<p>The main reasons why the vesting period is <strong>beneficial</strong>:</p>\n<ul>\n<li>It allows the development and launch of a product, especially if there is no prototype at the moment. During this time, investors can assess the project's progress and decide whether to keep their tokens or trade them for another cryptocurrency like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">ETH or <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">BTC./nIt protects early investors from major price <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatility since sellers must wait a certain amount of time before selling their investments. This gives the token price some stability and assures that the early project participants have enough time to use the platform or benefit from it by earning dividends.</li>\n<li>It decreases the amount of unprofessional hype surrounding projects.</li>\n</ul>\n<p>The exact <strong>reasons for the use of the token lockup</strong> are different among various projects. Though there are some major ones:</p>\n<ul>\n<li>It allows the team to track the value of a token.</li>\n<li>It prevents developers from selling their tokens immediately after trade begins, safeguarding the interests of holders.</li>\n<li>It prohibits dumpers from crashing the price of the token as soon as it is listed on an exchange.</li>\n<li>It restricts the ability of holders to easily sell their tokens, providing them with time to reconsider their decisions.</li>\n</ul>","level":"easy","meta_title":"What is Vesting Period? Definition & Meaning | Crypto Wiki","meta_description":"Vesting Period meaning: Vesting Period - a certain time period in which the sale of a token is restricted.","meta_keywords":null,"language":"en","created_at":"2022-04-01T13:23:40.000000Z","updated_at":"2022-09-29T08:04:34.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-vesting-period"},"currentChapter":"V","currentSection":"what-is-vanity-address","chapterTitle":"V","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-vanity-address","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter V
What is Vanity Address?
Vanity Address MEANING:
Vanity Address -
is a cryptocurrency public address that has distinctive letters and digits.
Let's find out Vanity Address meaning, definition in crypto,
what is Vanity Address,
and all other detailed facts.
A vanity address is a public crypto address with unique letters and digits that are often chosen by the owner. The primary purpose of vanity addresses is to make them unique and clearly recognized while maintaining the protection they offer.
When receiving or sending cryptocurrency, vanity adresses can make your wallet stand out because they can include your name or any other term you wish. Consider your wallet address to be your bank account number, which you offer or display to let others transfer cryptocurrencies to you.
A simple vanity address would look something like that:
1googLemzFVj8ALj6mfBsbifRoD4miY36v
