diff --git a/core/genallocs/genesis_alloc_test.go b/core/genallocs/genesis_alloc_test.go
new file mode 100644
index 0000000000..7075c37a38
--- /dev/null
+++ b/core/genallocs/genesis_alloc_test.go
@@ -0,0 +1,115 @@
+package genallocs
+
+import (
+	"fmt"
+	"math/big"
+	"strings"
+	"testing"
+
+	"github.com/dominant-strategies/go-quai/common"
+	"github.com/dominant-strategies/go-quai/params"
+	"github.com/stretchr/testify/require"
+)
+
+const (
+	genAllocsStr = `
+	[
+		{
+			"Vest Schedule": 0,
+			"Address": "0x0038ca5b75e1CaEb2DDccBF8c079AEB9477Ab6D4",
+			"Amount": 500000
+		},
+		{
+			"Vest Schedule": 1,
+			"Address": "0x007F0d7Cf3d906297c88803895199267b61fB956",
+			"Amount": 7000000
+		},
+		{
+			"Vest Schedule": 2,
+			"Address": "0x0011181204145F151d3AA70c9522A42Ff5E93558",
+			"Amount": 1234567
+		}
+	]`
+)
+
+var (
+	expectedAllocs = [5]GenesisAccount{
+		{
+			VestSchedule: 0,
+			Address:      common.HexToAddress("0x0038ca5b75e1CaEb2DDccBF8c079AEB9477Ab6D4", common.Location{0, 0}),
+			TotalBalance: 500000,
+			BalanceSchedule: map[uint64]*big.Int{
+				0:                                 big.NewInt(500000 * 30 / 100),
+				(12)*params.BlocksPerMonth - 1:    big.NewInt(5833),
+				(12+1)*params.BlocksPerMonth - 1:  big.NewInt(5833),
+				(12+2)*params.BlocksPerMonth - 1:  big.NewInt(5833),
+				(12+3)*params.BlocksPerMonth - 1:  big.NewInt(5833),
+				(12+4)*params.BlocksPerMonth - 1:  big.NewInt(5833),
+				(12+58)*params.BlocksPerMonth - 1: big.NewInt(5833),
+				(12+59)*params.BlocksPerMonth - 1: big.NewInt(5833),
+				(12+60)*params.BlocksPerMonth - 1: big.NewInt(5833 + 20), // rounding
+			},
+		},
+		{
+			VestSchedule: 1,
+			Address:      common.HexToAddress("0x007F0d7Cf3d906297c88803895199267b61fB956", common.Location{0, 0}),
+			TotalBalance: 7000000,
+			BalanceSchedule: map[uint64]*big.Int{
+				0:                                 big.NewInt(7000000 * 25 / 100),
+				(12)*params.BlocksPerMonth - 1:    big.NewInt(145833),
+				(12+1)*params.BlocksPerMonth - 1:  big.NewInt(145833),
+				(12+2)*params.BlocksPerMonth - 1:  big.NewInt(145833),
+				(12+3)*params.BlocksPerMonth - 1:  big.NewInt(145833),
+				(12+4)*params.BlocksPerMonth - 1:  big.NewInt(145833),
+				(12+34)*params.BlocksPerMonth - 1: big.NewInt(145833),
+				(12+35)*params.BlocksPerMonth - 1: big.NewInt(145833),
+				(12+36)*params.BlocksPerMonth - 1: big.NewInt(145833 + 12), // rounding
+			},
+		},
+		{
+			VestSchedule: 2,
+			Address:      common.HexToAddress("0x0011181204145F151d3AA70c9522A42Ff5E93558", common.Location{0, 0}),
+			TotalBalance: 1234567,
+			BalanceSchedule: map[uint64]*big.Int{
+				0:                                 big.NewInt(0),
+				(12)*params.BlocksPerMonth - 1:    big.NewInt(34293),
+				(12+1)*params.BlocksPerMonth - 1:  big.NewInt(34293),
+				(12+2)*params.BlocksPerMonth - 1:  big.NewInt(34293),
+				(12+3)*params.BlocksPerMonth - 1:  big.NewInt(34293),
+				(12+4)*params.BlocksPerMonth - 1:  big.NewInt(34293),
+				(12+34)*params.BlocksPerMonth - 1: big.NewInt(34293),
+				(12+35)*params.BlocksPerMonth - 1: big.NewInt(34293),
+				(12+36)*params.BlocksPerMonth - 1: big.NewInt(34293 + 18), // rounding
+			},
+		},
+	}
+)
+
+func TestReadingGenallocs(t *testing.T) {
+
+	allocs, err := decodeGenesisAllocs(strings.NewReader(genAllocsStr))
+	require.NoError(t, err, "Unable to parse genesis file")
+
+	for num, actualAlloc := range allocs {
+		expectedAlloc := expectedAllocs[num]
+
+		require.Equal(t, expectedAlloc.VestSchedule, actualAlloc.VestSchedule)
+		require.Equal(t, expectedAlloc.Address, actualAlloc.Address)
+		require.Equal(t, expectedAlloc.TotalBalance, actualAlloc.TotalBalance)
+	}
+}
+
+func TestCalculatingGenallocs(t *testing.T) {
+	allocs, err := decodeGenesisAllocs(strings.NewReader(genAllocsStr))
+	require.NoError(t, err, "Unable to parse genesis file")
+
+	for allocNum, actualAlloc := range allocs[:2] {
+		actualAlloc.calculateLockedBalances()
+		for blockNum, expectedUnlock := range expectedAllocs[allocNum].BalanceSchedule {
+			require.Zero(t,
+				expectedUnlock.Cmp(actualAlloc.BalanceSchedule[blockNum]),
+				fmt.Sprintf("incorrect balance unlock on block %d", blockNum),
+			)
+		}
+	}
+}