Payout Summary Report Key Terms

This glossary offers an overview of key terms found in the Payout Summary Report:

• Grant name: A customizable label or title used to identify a specific token grant.

• Grant ID: A unique identifier assigned to each token grant for tracking and reference purposes.

• Grant date: The official date the token grant was issued, as specified in legal documentation (not the date it was created in the Liquifi app).

• Vest event ID: A unique identifier that tracks a specific vest event, linking it to a particular set of tokens becoming available for a stakeholder.

• Vest date: Refers to the date in which tokens are fully owned by the stakeholder.

• Unlock date: The date when tokens are released to the stakeholder and can be freely used or transferred.

• Delivery date: The date when tokens are successfully transferred to the stakeholder, usually after vesting or unlocking.

• Status: Represents the current phase of a stakeholder's tokens, such as not vested, vested, locked, unlocked or delivered.

• Stakeholder type: A classification identifying a person’s role with the company, such as an employee, contractor, investor, etc.

• External ID: A unique identifier, typically provided by a payroll provider, used to manage employee payroll and records. In Liquifi, it can also serve as a general identifier for stakeholders beyond employees.

• Token symbol: The token being administered to stakeholders

• Token price (USD): The value of a token expressed in U.S. dollars.

  • Note: Prices in the report are based on the closest estimate pulled from CoinMarketCap.

• Token price calculation method: How the price of the token is established, which may include:

  • Delivery time

  • Delivery date (30-day average at 00:00 UTC)

  • Delivery date (00:00 UTC)

  • Vesting date (00:00 UTC)

  • Vesting date (average of high and low)

  • Custom price

• Gross quantity: Refers to the total number of tokens before any deductions for taxes, benefits, or other adjustments made by the organization.

• Gross value (USD): Refers to the total value of tokens before any deductions or adjustments, such as taxes, fees, or withholding amounts.

• Tax rate (%): The percentage of tokens deducted from your vested amount, typically for tax, benefits, or other adjustments from your organization.

• Withheld quantity: The amount of tokens that are deducted from your vested amount, typically for tax, benefits, or other adjustments from your organization.

• Withheld value (USD): The total USD value of tokens deducted from your vested amount, usually for taxes, benefits, or other adjustments from your organization.

• Net quantity: The remaining amount of tokens after deducting any applicable taxes.

• Net value (USD): The total USD value of the remaining tokens after deducting applicable taxes.