Each minute, a new cryptocurrency token is produced on blockchain networks such as Ethereum, Polygon, or Binance Smart Chain (BSC). These initial coin offerings (ICOs) are mostly a farce, managed by dishonest developers, and the overwhelming majority of them are scams. Rugpull is currently the most common cryptocurrency scam, as cybercriminals are always devising new ways to swindle victims. Carrying out this particular fraud is actually rather simple. Token makers must create liquidity pools for decentralized exchanges such as UniSwap, Quickswap, and PancakeSwap, which enable investors to swiftly purchase and sell tokens. The fraudulent crypto developers propose a new token, then establish a high-value liquidity pool, engage in aggressive marketing, and attract a large number of investors before dissolving the liquidity pool and leaving buyers with worthless tokens.
When the developers transfer the liquidity pool tokens to a time-lock smart contract, they forfeit their withdrawal rights. Both token developers and investors profit from this characteristic known as liquidity lock, which enables them to establish a project’s validity. Liquidity locking is a concept that has resulted in the creation of several platforms that offer it. The primary disadvantages of current solutions such as Unicrypt are their poor user interface and exorbitant costs.
Unilocker, the market’s newest addition, covers all main networks: Ethereum, Polygon, and Binance Smart Chain (BSC). Despite its youth, Unilocker is rapidly gaining popularity. Tokens from the liquidity pool can be instantaneously locked for Uniswap V2, Quickswap (a fork of Uniswap on Polygon), or Pancakeswap (a fork of Uniswap on BSC). This sophisticated Uniswap liquidity locker features an unmatched user interface. Using interactive sliders and one-click buttons, Unilocker enables developers to adjust their lock period and lock amount. The entire locking process can be finished in a matter of minutes. Once locked, you can post a lock certificate on social media and with your investors. Lock administration is as simple as locking itself; you may unlock, increase the locked amount, prolong the lock term, and transfer ownership – all through the same intuitive interface. And all of this comes at an unbelievable price.
Final Remarks
Today, the entry hurdle to new innovative cryptocurrency projects is significantly lower. As a result of this progress, the general population now has new investment options. However, the prevalence of dishonest developers has eroded investor confidence. Liquidity locking provides a very minimal level of security for today’s investors. Unilocker poses a severe threat to platforms like Unicrypt, which have long dominated the liquidity lock provider sector. Unilocker stands out due to its feature set, intuitive UI, and cost. At the moment, it is the most effective infrastructure for securing liquidity pool tokens across all major networks.