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What is a token stream?

An overview of Hone's token streams.
Token streams are escrow smart contracts that contain logic to enforce the linear distribution of tokens to a designated account or Vault. They are primarily aimed at projects that have a token and want to unlock token allocations to project investors and contributors.
For example, a fictional project, Project X, has a token called PX that they need to distribute to their investors and advisors linearly over 2 years with a 6 month cliff and a 10% initial unlock amount post-cliff. Project X can set up multiple PX token streams (with varying lengths and unlock periods, if required) for each token recipient. Recipients can then connect their wallet to Hone to view any incoming streams and withdraw any unlocked tokens, eliminating the need for these transfers to be carried out manually. Both Project X and all recipients can see all incoming and outgoing token streams from their Hone dashboard.