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Locklet

Locklet

Protects every Crypto or DeFi community from rug pulls, predatory ventures, perfidious advisors and more.

Blockchains

Platform is multi-chain, this means that our services are available seamlessly on different blockchains. We are convinced that the crypto worlds diversity is a real strength, which is why we have decided to embrace this plurality and integrate it into our foundations.

Our vesting solution is ultra-flexible, allowing you to create simple as well as complex vesting clauses, everything that fits your needs. The clauses are claimable daily, can contain internal or external recipients, can be revocable and refundable, and spread over the duration of your choice.

Locklet Token LKT

ocklet is introducing its own token named LKT , it will strengthen our structure and grant holders various advantages.

All charges for our different services including future ones are and will be payable only in LKT , making it a core element of our platform.The main benefits of owning $LKT tokens are as follows:

The main benefits of owning $LKT tokens are as follows:

  • Create or revoke a vesting and pay the associated fees in $LKT .
  • Stake your $LKT to earn part of the platform’s collected fees (more LKT without supply inflation) .
  • Hold a natively deflationary asset.
  • Actively contribute to Locklet's future through governance. For example, vote to decide platform next features such as new chains implementations.
Locklet (LKT) - platform for transferring rights

Locklet Finance is a decentralized rights transfer platform designed to help users distinguish between fraudulent and legitimate projects. According to its website, Locklet Finance “allows any cryptocurrency holder to create more or less complex vesting conditions according to their needs and fulfill them within the desired timeframe.”

Serious projects can now be cryptographically distinguished from fraudulent tokens and blockchains.

Since the beginning of the era of cryptocurrencies in 2009, with the launch of Bitcoin (BTC), there has been an exponential growth of various cryptocurrencies. Along the way, the market has experienced a series of ups and downs, the latter mainly due to the large number of scam projects growing at the same time as the bull market.

During the ICO market in 2017, blockchain-based NFTs and the recent crazy DeFi boom, many scam projects were developed without any use cases or utility. Shortly thereafter, the value of these projects collapsed, or the developers "pulled" investors as their tokens dropped to zero. However, the sheer number of scam projects has generated negative publicity, resulting in some legitimate projects being shut down or lacking investment to build.

What if there was a certain way to distinguish a scam from a legitimate project? Most likely, the fraud will be easily detected, so most of the investors' money will be invested in the right projects that contribute to the development of the crypto industry as a whole.

One of the projects aims to distinguish fraudulent projects from legitimate projects using a decentralized multi-blockchain transfer solution - Locklet Finance.

locklet finance

Locklet Finance is a decentralized rights transfer platform designed to help users distinguish between fraudulent and legitimate projects. According to its website, Locklet Finance “allows any cryptocurrency holder to create more or less complex vesting conditions according to their needs and fulfill them within the desired timeframe.”

Serious projects can now be cryptographically distinguished from fraudulent tokens and blockchains.

Who is Locklet Finance (LKT) for?

The platform is available to a huge crypto community so that every dollar is spent on a real project. Locklet was designed for entrepreneurs, teams, hedge funds, business angels, project communities and developers to provide investment transparency. Users can create entitlement conditions for project founders, ensuring that the team is fully committed to their project and the community is protected from possible exit from the team.

One area of ​​cryptocurrency that is expected to benefit the most from Locklet is crop farming products that are flooding the DeFi market with scam farms. Using Locklet, any owner of any token (or crop farm member) can now ask the project team to lock up their share of the tokens to prove to the community that they are not there to pull the rug. What's more, there may also be transition clauses for private investors to lock up their funds.

Locklet Finance Native Token (LKT)

The Locklet rights transfer platform runs on native LTK token, a multi-chain token built on Ethereum and Binance Smart Chain (BSC). The token allows users to pay for services and fees on the Locklet platform. The platform burns fees to reduce the amount of LTK in circulation, which increases the value of the remaining tokens.

“During the transaction, 45% of the total fee is burned, 45% is redistributed to the participants, and 10% is purchased by the Loklet Foundation,” the website said in a statement.

In the future, the team plans to create the token on more blockchains - Tron, NEO v3, and Huobi ECO Chain (HECO), which are currently the focus of the development team.

The usefulness of the LTK token

The LTK token offers utility to its holders and users on the Locklet Finance rights transfer platform. LTK holders can enjoy several token benefits, including:

-Create or cancel a transfer of rights and pay the applicable fees in LKT.

-Stake your $LKT to earn a portion of the fees collected by the platform.

-Hold an initially deflationary asset that gives you value in the long run.

-Make an active contribution to the future of the Medallion through management. You can vote on proposals using LTK -tokens, such as new chain implementations, adjustment of creation and withdrawal fees, etc.

There is a maximum limit of 150 million LTK tokens with a burn schedule, which means there will be a lot less in the future. At the beginning of the year, a private sale was completed for a total of 10 million litas.

tokens are available, and another 50 million LTK tokens will be put up for public sale on July 12, 2021.

LTK distribution

The distribution of LTK tokens is as follows:

-Public and private sales: 57%

-Fund: 22%

-Team: 8%

-DEX and CEX liquidity: 7%

-Liquidity incentives: 3%

-Community Reward Amount: 3%

As decentralized finance takes over the financial world, the marketplace will become key to distinguishing fraudulent projects from legitimate ones. With solutions such as Locklet Finance, the transparency of the crypto community will increase, whether you are a user, developer, investor, venture capital or partner corporation.

Timeline

April 26, 2021
Locklet (@locklet_finance) | Twitter

Patents

Further reading

Title
Author
Link
Type
Date

Locklet - Medium

Web

Documentaries, videos and podcasts

Title
Date
Link

Locklet (@locklet_finance) | Twitter

April 26, 2021

Locklet price today, LKT to USD live, marketcap and chart | CoinMarketCap

References

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