> For the complete documentation index, see [llms.txt](https://phisports.gitbook.io/phigolfg2e-white-paper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://phisports.gitbook.io/phigolfg2e-white-paper/tokenomics/phigolf-coin-phg/vesting-schedule.md).

# Vesting Schedule

### Vesting schedule <a href="#vesting-schedule" id="vesting-schedule"></a>

* PHG Coins will be distributed over a five-year period according to a detailed vesting plan.

<figure><img src="/files/RWrqhxWRtR9kqJDOoxwc" alt=""><figcaption></figcaption></figure>

<table><thead><tr><th width="256.3333333333333">Distribution List</th><th width="413">Emission</th></tr></thead><tbody><tr><td>Ecosystem (G2E)</td><td>Tokens vest linearly over 60 months (5 years), starting at the TGE.</td></tr><tr><td>Liquidity</td><td>25% at TGE (None Cliff)<br>25% after 6 months<br>25% after 12 months<br>25% after 18 months</td></tr><tr><td>Token Sale</td><td>Tokens vest linearly over 24 months (2 years), starting at the TGE.</td></tr><tr><td>Reserve</td><td>12-month cliff, followed by 36 months of linear vesting</td></tr><tr><td>Team &#x26; Advisor</td><td>12-month cliff, followed by 24 months of linear vesting</td></tr><tr><td>Marketing</td><td>Tokens vest linearly over 36 months (3 years), starting at the TGE.</td></tr><tr><td>Strategic Partnership</td><td>12-month cliff, followed by 24 months of linear vesting</td></tr><tr><td>Phigolf Product Buyer</td><td>3-month cliff, followed by 3 months of linear vesting.</td></tr></tbody></table>