A new token is about to drop! LKT token by Locklet.finance has a much needed use case for the crypto industry. Locklet is the world’s first decentralized vesting platform It allows any crypto-currency holder to create customizable vesting clauses according to their needs and have them executed over a desired duration, Locklet does this in a completely decentralized way.
Thanks to our platform, serious projects can now cryptographically differentiate themselves from scammy ones. LKT is audited and run by a public team. The IDO begins on July 12 2021 on the Unicrypt platform here.
LKT is the native utility token that is used for all fee’s on the network. LKT is a governance token that allows holders to become active participants in voting for things such as new chain implementations, platform upgrades, and other important decision making processes. As laid out in the Tokenomics of the LKT token, there will also be staking opportunities where holders can earn additional LKT through the collected fees on the network – Locklet has managed to create more LKT tokens for holders without the need for inflating the token supply.
Here are some examples of what Locklet’s solution brings to the table:
- Entrepreneurs and team members are able to secure its private sales over several months and ensure that none of its big investors jeopardize the project by selling immediately after an IDO/ILO event. Investors are locked into a smart contract and cannot add any additional risk to a project while it is finding its footing in the crypto markets.
Teams can lock their tokens in order to prove their commitment to their community. This is or ‘was’ one of the biggest risks to investors in the crypto space. Far too often in the crypto space we are led to believe that a team is serious about their project and will actually fulfill their roadmap. Only to be taken advantage of and the project team members turn out to be dishonest, greedy, and dump their tokens the first chance they get. This is where Locklet shines and can help to prevent this from happening.
Hedge funds & business angels can suggest to their partner projects to use a simple, secure and inexpensive solution that benefits both parties by empowering them with trustless assurance and total transparency.
Project communities can ask major project stakeholders for one or more Locklet’s locking certificates, guaranteeing the seriousness of the project.
- Developers can use Locklet smart-contracts from an external dApp to securely and easily lock any kind of funds at low cost.
These are some of the many benefits that Locklet.finance brings to crypto space. The 2017 crypto bubble was caused in great part due to bad actors that conducted various types of rugpulls.
Visit Locket and follow their socials for news and announcements about this new crypto project:
Official site: https://www.locklet.finance/