Unilocker Launches Token Locker Platform for Binance Smart Chain
Boston, Massachusetts--(Newsfile Corp. - June 5, 2022) - Unilocker has introduced a token locker platform to enable new DeFi token projects to easily manage team equity and safeguard investors' interests. The platform has been first made available on the Binance Smart Chain (BSC), a major blockchain network for new projects.
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Token Vesting, in addition to Liquidity Locking, is a frequently desired feature by new project investors. The team tokens are time-locked in a contract and vest over time, rather than being immediately available to team members. This protects investors from the developers' potential token dump.
Existing token vesting solutions have revealed that they are unable to function with all types of tokens, particularly rebase and reflection tokens. Furthermore, because the rewards accumulated for the token held in the lock cannot be retrieved, there is a risk of asset loss. These major concerns have resulted in a low level of acceptance of token vesting, which has led to an increase in frauds as token developers have excuses to not use token vesting.
To address this problem, Unilocker has launched a token locker platform on the Binance Smart Chain network. Unilocker's token vesting platform is the most advanced token locker on the market, featuring a variety of unique features. It works flawlessly with rebase and reward tokens, and lock owners do not lose any assets. It's also built on Unilocker's cutting-edge platform, which includes a quick-lock interface with one-click buttons and sliders, as well as a QR code-based lock certificate.
Unilocker, a well-known platform for locking liquidity, is now launching a token vesting platform. "With its low-cost and high-speed networks, BSC has become a hub for crypto developers and investors," a Unilocker official said. "Rugpulls and token dumps, on the other hand, plague these networks. It was only natural for us to add token locking services to Unilockers' position as the community's premier locker."
Unilocker allows developers to lock their BEP20 tokens in a time-lock contract that will release them according to a set vesting schedule. Administration functions such as lock time extension, reward withdrawal, and lock amount increment are available once the lock has been created.
For more information, go to Unilocker's website at https://unilocker.app.
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