FAQ
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Usage

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My token hasn’t launched yet. Can I still use Magna?

My token hasn’t launched yet. Can I still use Magna?

Magna is used by many early-stage protocols that want to track their token distribution plan and existing allocations set aside for investors, employees, contributors, and other stakeholders. We are also working on vesting tracking and HR integrations to unify on-chain token incentive plans with HR data.

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Frequently Asked Questions

Do I have to lock up all my tokens?

Tokens do not have to be deposited all upfront – the protocol can deposit as many tokens as they’re comfortable with at a time (e.g. if a protocol wants to fund one quarter at a time instead of the full schedule).

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Does Magna support tax withholding?

Yes! Magna supports tax withholding and has integrated with Rippling to facilitate a seamless workflow.

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What blockchain networks does Magna support?

Magna supports various blockchain networks including Solana, Aptos, Ethereum, Avalanche, Polygon, Arbitrum, BNB Chain, and other EVM chains.

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