Token Locking

Token Locking:

Key Concepts:

1. Liquidity Locking

2. Token Locking

3. Distribution & Locking Cycles

4. Reusability

Summary:

The LINQ LocQer enables project owners to lock any ERC-20 token or multiple ERC-20 tokens at once, for any desired duration. It offers multi-token vaulting by default, presenting several advantages in terms of cost savings and flexibility over existing solutions.

Example:

Peter launches a new project and decides to lock his liquidity and team tokens for one year. He sets up his LINQ LocQer project with the specified lock time, and deposits both his protocol and liquidity tokens. In return, Peter receives a Virtual Shares certificate, symbolizing his locked position, which entitles him to the tokens after one year. Upon the completion of this period, Peter can retrieve his locked tokens and burn the certificate. He then has the option to reconfigure his LocQer for another use case, such as initiating an incentive process due to his project's growth. Additionally, Peter can explore various actions with his Share Certificate, including splitting and selling part of the share liquidity and tokens to others or issuing new shares to new partners or investors.

Benefits to Holders:

Projects leveraging the LINQ LocQer offer holders assurance through locked and vested team tokens, as well as locked liquidity pools (LP). Depending on the developer's strategy, holders may also receive distributions of these locked tokens as additional incentives. By engaging with a project that employs the LINQ LocQer, holders gain access to a familiar and user-friendly system to receive rewards, gain trust in developers, and importantly gain unique new ways to profit and exercise financial choices.

Benefits to Project Owners:

The LocQer provides a versatile vault system that affords developers novel and cost-effecitve ways to lock tokens and build trust. It also facilitates the issuance of new shares to integrate new team members or investors, or to initiate a staking incentive for earning the locked tokens. Project owners benefit from the ability to repurpose their LocQer after a locking (or distribution) cycle is completed, thus saving time and resources otherwise spent on deploying new smart contracts.

Further Details:

The LocQer can be configured for various advanced functions, such as a liquidity decentralization protocol or a revenue-sharing distribution protocol. It is a reconfigurable system that allows for its repurposing after completing its initial locking period, enabling a transition from its original use to a new functionality. A developer might start with a simple LP lock and later transform the system for a different application post-deployment.