Token Distribution
Fast, Safe and Secure Locks Solutions
Tokens are way too hard to set up and build trust around. We want to help companies grow faster and create game changing projects. That's why we created this affordable, easy to use, and flexible Solution.
Currently we offer 3 types of Locks, a simple lock, vested lock and multi lock.
How does Locks Work?
Imagine it as an automated time vault where users keep their tokens for periods of time. While the tokens are locked in the Vault, no one can access the tokens making them safe from any harm.
The owner of the Lock is the wallet which paid the gas fee to create it , however the current owner can transfer ownership of the Lock to other wallet.
What can you Lock?
- Liquidity
- Tokens
- NFTs
What is Liquidity and LP Tokens
Liquidity is the term used for locking tokens into a smart contract to facilitate trading on decentralized exchanges (DEXs).
Users contribute their assets to the pool, which enables others to trade against it. In return, contributors earn fees and, sometimes, liquidity provider tokens. This mechanism enhances market liquidity and allows decentralized trading without relying on traditional order book models.
Locking tokens or LP don’t affect the tokens or liquidity performance since the LP Tokens are just a representation of the liquidity.
How long should you lock?
How does LP tokens work
What is a cliff
Operate dashboard
Reasons Why You Should Lock & Vest Tokens
Show Proof of a Vesting Schedule and Interest in the Project;
Confidence in the Project's Long-term Potential;
Manage the Overall Tokens in Circulation;
Prevent Insider Trading.
Locking Tokens
Locking Tokens involve a user sending tokens to a smart contract. While inside the contract, tokens cannot be traded or withdrawn. Tokens are released once the time period the token sender established is complete.
This time-release is customizable, with the sender being able to choose the exact day and time they want the tokens to become available. This way, the community and investors are at less risk of scams.
Locking Liquidity
Locking liquidity is a mechanism that restricts the withdrawal of funds from a liquidity pool by holders of liquidity provider tokens (LP tokens). This is accomplished by transferring LP tokens to a smart contract with a time lock.
Once the lock expires, LP tokens can be claimed and redeemed for the corresponding token pair within the liquidity pool on a decentralized exchange (DEX) such as Uniswap (e.g. SWAP/ETH).
Vesting Tokens
Token vesting is a gradual access process for token holders, which may include private investors, employees, advisors, or venture capital firms.
When implementing token vesting, you have the option of employing linear vesting, where token holders receive a fixed percentage of their tokens on a monthly or yearly basis until full vesting, or opting for a vesting cliff, which designates a specific date for the release of all tokens.
This approach allows for automated distribution thanks to a vesting schedule that defines key terms, such as the vesting cliff and token release rate.
Vault Dashboard
The difference between a Lock and a Vesting is that in a Vesting you will see several unlocks such as the one above:
You can see the amount of tokens, its purpose and unlock schedule:
And the time remaining for the next unlock:
Supported Networks
Supported Networks: ETH
❓FAQ
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