ICECREAMSWAP TOKEN LOCKER FOR USERS & PROJECTS
Fund security has always been one of the Core Values of IceCreamSwap Dex, therefore the team has designed a Token Locker for Tokens that wish to list on the Dex. The IceCreamSwap Token locker will also benefits projects especially when it comes to the stability in the price of their token.
What is a Token Locker?
A Token Locker, is a program that allows Users/Projects to lock their token for a certain period of time, after which their can claim the token once the lock period is over.
After going Live weeks ago, tons of projects are now launching on the Core Dao Network, whereas most of these projects are here to stay, others may be scamy. The IceCreamSwap Token Locker in addition to the IceCreamSwap Whistling KYC will help prevent possible Rug-pulls by ensuring that most of these project Devs are verified and some of their token locked. All these are security measures put in place by IceCreamSwap Team to checkmate projects listing on the Dex.
NB: To list your token on IceCreamSwap Dex contact any of the IceCreamSwap Moderators on telegram.
With regards to stability in the price of the tokens, the Locked tokens will help reduce selling pressure on projects because these tokens are locked and are not currently in circulation.
The IceCreamSwap Token Locker is deployed on XDC Network, Bitgert chain and Core Dao chain, therefore all transactions are recorded on the blockchain and as such can’t be modified or edited.
Users can also lock any token of their choice within a desired period of time created by them on the IceCreamSwap Dex.
NB: Token Locker Support for other chains on IceCreamSwap will be added soon…
A SIMPLE TUTORIAL ON HOW TO LOCK ANY TOKEN ON ICECREAMSWAP DEX.
- Go to https://IceCreamSwap.com, select Network (Either XDC Network or Bitgertchain or Core Dao) and then connect your wallet (Metamask preferably).
- Navigate to Tools and select Locks, then select the Token you want to lock and click on GO.
- Click on Create Lock, Input the Amount of token you want to Lock then Set Your Desired UNLOCK DATE, click on Create then Approve and Confirm the transaction.
NB: Users can also use the VESTING OPTION by toggling the “Use Vesting Box”, the only difference is that whereas the Default option initiates the Token Lock immediately, the Vesting option allow users to input both the Starting and Ending period, Users/projects can claim their locked token once the lock period is over.
- Once the Token Lock is completed, a notification will be shown.
In summary, The IceCreamSwap Token Locker in addition to the Whistling KYC will help boost the confidence level of users and reduce the possibilities of Rug-pulls by scamy Devs.
Also all operations on IceCreamSwap Token Locker are visible and can easily be checked even without previous experience in cryptocurrency or blockchain.
Useful Links:
Website: https://IceCreamSwap.com/
Telegram: https://t.me/IceCreamSwap_com
Twitter: https://twitter.com/icecream_swap
IceCreamSwap medium: https://icecream-swap.medium.com/
IceCreamSwap info : $ICE
Core Dao website: coredao.org
Bitgert websit: Bitgert.com
XDC website: XDC.dev
