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pragma solidity ^0.4.11; |
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import './ERC20Basic.sol'; |
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import '../ownership/Ownable.sol'; |
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import '../math/Math.sol'; |
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import '../math/SafeMath.sol'; |
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/** |
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* @title TokenVesting |
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* @dev A token holder contract that can release its token balance gradually like a |
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* typical vesting scheme, with a cliff and vesting period. Revokable by the owner. |
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*/ |
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contract TokenVesting is Ownable { |
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using SafeMath for uint256; |
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// beneficiary of tokens after they are released |
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address beneficiary; |
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uint256 cliff; |
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uint256 start; |
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uint256 end; |
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mapping (address => uint256) released; |
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/** |
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* @dev Creates a vesting contract that vests its balance of any ERC20 token to the |
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* _beneficiary, gradually in a linear fashion until _end. By then all of the balance |
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* will have vested. |
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* @param _beneficiary address of the beneficiary to whom vested tokens are transferred |
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* @param _cliff timestamp of the moment when tokens will begin to vest |
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* @param _end timestamp of the moment when all balance will have been vested |
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*/ |
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function TokenVesting(address _beneficiary, uint256 _cliff, uint256 _end) { |
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beneficiary = _beneficiary; |
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cliff = _cliff; |
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end = _end; |
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start = now; |
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} |
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/** |
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* @notice Transfers vested tokens to beneficiary. |
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* @param token ERC20 token which is being vested |
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*/ |
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function release(ERC20Basic token) { |
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uint256 vested = vestedAmount(token); |
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require(vested > 0); |
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token.transfer(beneficiary, vested); |
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released[token] = released[token].add(vested); |
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} |
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/** |
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* @notice Allows the owner to revoke the vesting. Tokens already vested remain in the contract. |
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* @param token ERC20 token which is being vested |
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*/ |
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function revoke(ERC20Basic token) onlyOwner { |
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uint256 balance = token.balanceOf(this); |
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uint256 vested = vestedAmount(token); |
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token.transfer(owner, balance - vested); |
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} |
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/** |
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* @dev Calculates the amount that has already vested. |
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* @param token ERC20 token which is being vested |
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*/ |
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function vestedAmount(ERC20Basic token) constant returns (uint256) { |
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if (now < cliff) { |
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return 0; |
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} else { |
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uint256 currentBalance = token.balanceOf(this); |
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uint256 totalBalance = currentBalance.add(released[token]); |
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uint256 vested = totalBalance.mul(now - start).div(end - start); |
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return Math.min256(currentBalance, vested); |
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} |
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} |
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} |
@ -0,0 +1,58 @@ |
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const BigNumber = web3.BigNumber |
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require('chai') |
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.use(require('chai-as-promised')) |
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.use(require('chai-bignumber')(BigNumber)) |
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.should(); |
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import EVMThrow from './helpers/EVMThrow' |
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import latestTime from './helpers/latestTime'; |
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import {increaseTimeTo, duration} from './helpers/increaseTime'; |
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const MintableToken = artifacts.require('MintableToken'); |
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const TokenVesting = artifacts.require('TokenVesting'); |
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contract('TokenVesting', function ([_, owner, beneficiary]) { |
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const amount = new BigNumber(1000); |
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beforeEach(async function () { |
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this.token = await MintableToken.new({ from: owner }); |
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this.cliff = latestTime() + duration.years(1); |
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this.end = latestTime() + duration.years(2); |
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this.vesting = await TokenVesting.new(beneficiary, this.cliff, this.end, { from: owner }); |
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this.start = latestTime(); // gets the timestamp at construction
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await this.token.mint(this.vesting.address, amount, { from: owner }); |
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}); |
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it('cannot be released before cliff', async function () { |
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await this.vesting.release(this.token.address).should.be.rejectedWith(EVMThrow); |
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}); |
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it('can be released after cliff', async function () { |
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await increaseTimeTo(this.cliff + duration.weeks(1)); |
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await this.vesting.release(this.token.address).should.be.fulfilled; |
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}); |
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it('should release proper amount after cliff', async function () { |
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await increaseTimeTo(this.cliff); |
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const { receipt } = await this.vesting.release(this.token.address); |
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const releaseTime = web3.eth.getBlock(receipt.blockNumber).timestamp; |
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const balance = await this.token.balanceOf(beneficiary); |
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balance.should.bignumber.equal(amount.mul(releaseTime - this.start).div(this.end - this.start).floor()); |
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}); |
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it('should have released all after end', async function () { |
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await increaseTimeTo(this.end); |
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await this.vesting.release(this.token.address); |
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const balance = await this.token.balanceOf(beneficiary); |
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balance.should.bignumber.equal(amount); |
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}); |
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}); |
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