Crypto token sale terms: 4 fields, worked on a $500K round

Crypto token sale terms are the 4 facts that say what a token buyer pays and when the tokens actually arrive: price per token, tokens for sale, the lockup, and the vesting schedule. NAUT holds 8,669 funding rows, 6,090 of them with a price per token and 4,178 with a lockup line, read on 7 November 2026, so a round like 5ire's pre-sale reads end to end: $0.058 a token across 8,620,689 tokens, which prices out at $500,000.

Data note. Every figure here was read from NAUT's own database on 7 November 2026, read-only. The worked round is the row NAUT stores as 5ire's Private/Pre-sale, and NAUT's record names cryptorank.io as where that row came from. NAUT did not re-read that page for this article, so treat the round as what NAUT holds rather than as a figure confirmed against the issuer. 2 things in the record are worth saying out loud. NAUT's funding table has a separate vesting column and it is empty on all 8,669 rows, so the vesting schedule is read out of the lockup line instead. And 5ire's rounds arrive on 2 feeds, so the same $0.058 price and 8,620,689 token count also sits on a second row labelled as a launchpad IDO with no lockup text; this article uses the row that carries the sale terms and counts it once. NAUT Research wrote it.

What do crypto token sale terms mean?

Sale terms are the deal a token buyer signed. Price per token and tokens for sale set what went in. Token lockup and vesting set when any of it can be sold. Read together they tell you the size of the round, the entry price of everyone already on the cap table, and the dates on which that supply can hit the market.

What a deal maker does with each: compare the price against today's to see who is up and by how much, multiply price by supply to size the round, date the cliff to find the first window where early buyers can sell, and spread the vested supply across months rather than onto 1 date. The row above is 5ire's Private/Pre-sale.

The multiplication is the part most readers skip. $0.058 across 8,620,689 tokens is $499,999.96, so the round raised $500,000 at the stated terms. That number is arithmetic on 2 stored fields, and NAUT's row does not carry a separate raise figure for it.

How to read crypto token sale terms in 4 steps

Which fields does NAUT fill, and on how many rounds?

Coverage decides whether this read works on your target or stops at step 1. Of the 8,669 funding rows NAUT held on 7 November 2026, these are the counts per field.

2 reads come straight off that table. The money half of the terms is the part NAUT fills most often, at 6,090 rows with a price and 6,064 with a token count. The timing half is thinner, at 4,178 rows with any lockup text, and the separate vesting column is filled on none of the 8,669. A round where the full 4-field read runs without a gap needs a price, a token count and a lockup line that names vesting, at a live, linkable project. NAUT pulled 30 rounds that clear all of that for this article.

What do the sale terms look like across projects?

NAUT read 15 of the 30 rounds it pulled for this article, and they belong to 5 projects. Aether Games brings 6 of the 15, Adix 4, AcknoLedger 3, and 5ire and Aark Digital 1 each. The table shows the round with the largest implied raise at each of the 5.

Project	Round	Price	Tokens	Raise
Adix	IDO	$0.0003	3.33B	$1.00M
AcknoLedger	Private	$0.085	9.53M	$810K
5ire	Pre-sale	$0.058	8.62M	$500K
Aether Games	Angel	$0.0125	30.0M	$375K
Aark Digital	IDO	$0.035	10.0M	$350K

Token counts and raises are rounded above; every raise is price per token multiplied by the exact count NAUT stores on that row, which puts Adix largest at $1,000,000 on 3,333,333,333 tokens and Aark Digital smallest at $350,000 on 10,000,000. The release shapes differ as much as the prices: 20% at TGE then 4 months of vesting at Adix, 15% at TGE with a 3 month cliff and 6 months of vesting at AcknoLedger, a 12 month cliff then 36 months of linear vesting at Aether Games, and 10% at TGE then linear for 12 months at Aark Digital. The price range across the 5 rounds runs from $0.0003 to $0.085, a 283x spread, which is why a token count on its own says nothing about the size of a round.

Price times supply, read off NAUT's stored fields for the biggest round each of these 5 projects has in this sample.

What 1 project's full round history shows

5ire is the clearest worked example, because NAUT holds 4 of its rounds with a price, a token count and a lockup line on each. Reading all 4 at once is how an investor sees the entry prices stacked, and how a founder sees what a cap table looks like after several raises.

The lockup line on each, as NAUT stores it: the Private/Pre-sale reads "0.428% on TGE everyday for 14 days, followed by a 3 month Cliff and 11 months vesting", the IEO reads "100% unlocked", the Pre-sale reads "0.428% at TGE, then 0.428% daily in 13 days after, cliff 3 months, daily vesting in 11 months", and Private 2 reads "7% at TGE, then monthly linear unlock".

3 of these 4 rounds carry a vesting schedule and the IEO row carries none, because its lockup line says the supply is fully unlocked. That is the single most useful line on the page for anyone pricing risk: exchange rounds often release in full at listing while private rounds sit behind a cliff, so the sellable supply on day 1 is a fraction of the tokens sold.

What this tells a crypto business development team

• Price per token is a conversation opener that nobody expects you to have. Walking into a call knowing a team's private round cleared at $0.058 puts you ahead of anyone reading a press release.
• A cliff date is a calendar. 5ire's pre-sale holds a 3 month cliff and 11 months of vesting, and the months after a cliff are when a project needs market makers, exchange support and liquidity partners most.
• Thin coverage is a filter you can sort by. A round needs a price, a token count and a lockup line that names vesting before this read runs, so sort your list by the projects where it does and start there.
• A round with no lockup text is a question for the team, not a reason to drop the target. 4,178 of 8,669 rows carry any lockup line at all.

What this tells a founder raising a token round

• Your terms are public the moment an aggregator picks them up. 6,090 of NAUT's 8,669 rows carry a price per token, so assume the next investor you meet knows what the last one paid.
• Release shape is as negotiable as price and reads far more loudly. Among the 5 sampled projects above, release runs from 20% at TGE to a 12 month cliff with 36 months of linear vesting.
• A clean lockup line is free credibility. 4,178 of 8,669 rows carry a lockup line at all, so a project that publishes a readable one is in a minority.
• Check what is stored about you. 5ire's rounds arrive on 2 feeds and the same round appears twice under different labels, which is the kind of thing a prospective backer reads before you can explain it.

Related reading on NAUT: Crypto token unlocks: Monad's 6.84B cliff after 12 months at 0 and What is a TGE: 22 token launches and the $11.56B behind them.

Can you pull this data through the NAUT API?

The NAUT API documents GET https://api.naut.so/v1/projects/5ire as the call that returns 1 company with its team, and GET https://api.naut.so/v1/projects?q=5ire&token=launched as the search that finds projects with a live token, each at 5 credits with the key sent as $NAUT_KEY in an Authorization: Bearer header. The sale-terms fields in this article were read from NAUT's database and are shown on each project's page, so the usual pattern is to pull the project and its team through the API and read price, lockup and vesting off the page it points to. Keys are minted at naut.so/developer, the endpoints are at naut.so/docs/api and plans start at $49 a month for 3,000 credits at naut.so/pricing. Verified Telegram, email and LinkedIn for the people on those project rows unlock on any paid NAUT plan, so start a 7-day trial if you need to reach them.

Crypto token sale terms FAQ

What do crypto token sale terms mean?

Crypto token sale terms are the price per token, the number of tokens sold, the lockup and the vesting schedule for 1 funding round. On NAUT's record for 5ire's Private/Pre-sale, read on 7 November 2026, that is $0.058 a token across 8,620,689 tokens, a 3 month cliff and 11 months of vesting, which prices the round at $500,000.

What is the difference between a lockup and a vesting schedule?

A lockup is the period when nothing can be sold and a vesting schedule is the rate at which tokens are released once it ends. 5ire's pre-sale on NAUT shows both on 1 line, with 0.428% released daily for 14 days, a 3 month cliff, then 11 months of vesting, while its IEO row shows supply fully unlocked with no vesting at all.

How do I work out how much a token round raised?

Multiply price per token by tokens for sale. NAUT held a price on 6,090 of its 8,669 funding rows and a token count on 6,064 of them on 7 November 2026, so the arithmetic runs on most priced rounds: $0.058 times 8,620,689 tokens gives $500,000 for 5ire, and $0.085 times 9,529,411 gives $810,000 for AcknoLedger's private round.

Which rounds on NAUT carry all of the sale terms?

The rounds that carry a price per token, a token count and a lockup line naming a vesting schedule, at a live, linkable project. NAUT pulled 30 of them on 7 November 2026, out of 8,669 funding rows, 4,178 of which carry any lockup line at all. The separate vesting column is empty on all 8,669 rows, so the vesting schedule is always read out of the lockup text.

Where can I find these projects, their rounds and the people to contact?

On NAUT's project pages and through its API. The 5 projects in this article are 5ire, AcknoLedger, Aether Games, Adix and Aark Digital, each page carrying the project's rounds and the people NAUT names on it, and GET https://api.naut.so/v1/projects/5ire returns the same company record with its team. Verified Telegram, email and LinkedIn for those people unlock on any paid NAUT plan, so start a 7-day trial to open the channels.

Sources

• NAUT's own database, read on 7 November 2026, read-only: the 8,669 rows in its funding record, the price per token, tokens for sale and lockup text on each, and the live published projects those rows belong to. Every count and every implied raise above was computed from those rows at that time.
• NAUT's stored rows for 5ire, AcknoLedger, Aether Games, Adix and Aark Digital, which name cryptorank.io as the feed each round came from. Those pages were not re-read for this article, so each round is reported as what NAUT holds on 7 November 2026.