Once committed, your funds are held in on-chain escrow until the raise closes.
When a raise completes, the company's legal structure is set up before your position is activated. This is expected to take approximately one week, although timing may vary depending on the incorporation process.
Note that your contract is created when the round closes but stays locked until legal set up is complete, so there is a gap between a round closing and your position becoming active.
Your tokens are subject to the vesting schedule defined for the raise, including its cliff, total duration, and monthly unlock rate. Tokens and vesting positions cannot be transferred during the first 12 months. The exact vesting terms are shown before you invest.
After the holding period, you can sell your tokens through Spring's own trading mechanism.
Need more help?
We’ve aimed to cover everything here, but if your question isn’t answered — or you’ve spotted something that needs correcting — contact us at team@usespring.io
A member of the team will respond.