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Author Topic: FAQ . Liquidity Locked  (Read 296 times)

NextMoon

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FAQ . Liquidity Locked
« on: April 02, 2021, 05:25:06 PM »
Statement

We do realize that in this ecosystem trust is minimal ... That is why after a small debate we came to the conclusion to lock the Liquidity pool.

It will be for 1 year instead of the alternative idea of burning the LP tokens thus locking forever.

We created and deployed a locking contract on the BSC:

https://bscscan.com/address/0xb68790881c4993fb96c339c3cdd8b7f303faed45#code

Then we transferred the LP tokens to that contract:

https://bscscan.com/tx/0xb8c616f474c3a24a7dd94859c7b07c33632b5836dfb5a6c22595894b2e580eb0

For those none technical, the contract is essentially a variety of standard functions and contracts that deal with various aspects of interaction with the blockchain and the nature of tokens. (to each part there is a link to verify that the code confirm to the standards for solidity contracts)

The part that interests us the most, is the part at the bottom, it precises the duration of the lock - you will find the value of 1648832355, this is an epoch time stamp that you can convert into human language on this site: https://www.epochconverter.com/

Why 1 year? Why not 2, 3,5,10 ?

For many reasons,

    Will pancakeswap remain the dominant dex BSC exchange in 3,5,10 years ? Who knows? Etherdelta, Forkdelta and many other Decentralized exchanges where the go to place in 2018-2019, now few still remember them!

    Will there be multiple dex that we should split the liquidity on?

    Will we still be in business ?

    Will we want to migrate to another blockchain?

    Will BSC still be cool to use ?

    Will we want to change our token contract?

This is a very fast evolving industry, locking liquidity forever is a death sentence to the token. locking it too long might bring challenges.

Thus we will assess the situation on a year to year basis.

Altcoins Talks - Cryptocurrency Forum

FAQ . Liquidity Locked
« on: April 02, 2021, 05:25:06 PM »


 

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