Keeping digital assets secure is essential to maintain value for the community. The process of liquidity locking is quite simple. The pool token’s movement is restricted by a time-based function. This means that once the restriction is set, cannot be moved or redeemed until the pre-selected time has passed. We believe that this gives community members more confidence in PolkaBased Protocol.
We choose TrustSwap to lock liquidity.
What is TrustSwap?
“TrustSwap is a decentralized application that allows blockchain projects to lock their ERC20 tokens and liquidity pool tokens in a non-custodial, time-released smart contract vault.”
TrustSwap gives the community an easy-to-read display of the PolkaBased Protocol lockup details and project information, giving the community transparency, confidence and security.
Our current minimum lockup period is 6 months.
Why 6 months?
Because of the Uniswap v3 upgrade. There is still no official launch date for Uniswap v3, but according to many industry observers it will most likely be Q3 2021. Once Uniswap v3 is launched, it might be a good step to migrate to Uniswap v3.
Initial Liquidity Locking
When our smart contract is live, 20% of the raised funds ($125,000 in ETH) and 5% of the total supply (2,500,000 POB) will be sent directly to Uniswap to create a market pair (ETH-POB/POB-ETH).
The recieved Uniswap Liquidity Pool Tokens will be locked in the TrustSwap smart contract for the initial 6 months. The smart contract details are transparent for everyone to view. The Uniswap listing price of $0.04 brings the total liquidity locked to $225,000 in ETH and POB!
Through “Liquidity Locking” we provide the community and the team trust and peace of mind.
Don’t hesitate to reach us for more information.
Telegram Group: https://t.me/PolkaBasedOfficial
Telegram Channel: https://t.me/PolkaBasedOfficialAnn