How Ownership Works on Doma: Locked Supply, Vesting & Your Wallet
Learn how locked supply and vesting work on Doma. Understand the difference between locked, circulating, and unlocked tokens, and how kickoff, cliff, and duration control how domain owners' tokens unlock over time.
When you launch a domain on Doma, you choose how much of it to sell into the market. The rest stays locked with you as the owner, and unlocks over time through vesting.
Locked vs. Circulating vs. Unlocked
Using SMOOTHIE.com as an example, out of a total supply of 1,000,000 tokens:
- Locked (86%): tokens that are not for sale and remain locked. These are only distributed if someone buys out the entire domain.
- Circulating (10%): the portion the owner chose to sell into the market — this is the same percentage sold into the bonding curve.
- Unlocked (4%): the portion of the owner's locked tokens that has already vested and can be withdrawn to the market.
Vesting Terms Explained
- Kickoff: the date the vesting period begins
- Cliff: the period before any locked tokens start to unlock
- Duration: the full timespan over which the owner's locked tokens unlock (e.g. 1 year in the Smoothie.com example) — this prevents the owner from dumping their share all at once
- Unlock: the date when tokens begin unlocking, after the cliff period ends
Why It Matters
Vesting protects buyers and the market. Since the domain owner's tokens unlock gradually rather than all at once, there's no risk of the owner suddenly flooding the market and crashing the price right after launch.
What's Next
Now that you understand how ownership and vesting work, take a look at how domain buyouts affect vested tokens.