IceCreamSwap Introduce Token Lock Mechanism to Protect Users

The token lock mechanism will allow users to lock their token allocations and reduce scams on the Core chain.

Increase Trust and Reduce Scam 

IceCreamSwap has integrated the token lock feature into its decentralized ecosystem. The top Decentralized Exchange (DEX) on the Core chain wants to ensure users’ funds are safe. 

Token lock is a mechanism that allows projects to lock their liquidity and tokens on the platform, promoting trust and reducing scams in the Core ecosystem. BSC News spoke with IceCreamSwap, and the team’s representative, Simon, shed more light on the protocol’s idea to protect users with the feature. 

“The token locker will protect our users. Projects can and should lock their token allocations on our new lock where users can check themselves about the quantity of locked tokens, which greatly reduces potential scams as well as increases users’ trust in a project,” Simon wrote to BSC News. “Our locker lets users see all locks on a specific token which they can select from a neat token selector (instead of the need to input token addresses), allows the locking of liquidity, and has vesting capabilities to slowly release the locked tokens instead of releasing them all at once.” 

The token lock feature coincides with IceCreamSwap’s partnership with DxSale, a decentralized launchpad across numerous chains. The collaboration allows the launchpad to utilize IceCreamSwap as its underlying DEX on the Core chain, allowing protocols to launch presales. Now that the token lock is live, protocols can launch Core-based projects through DxSale with IceCreamSwap as the DEX and lock their tokens seamlessly. 

IceCreamSwap is building a multi-chain product suite filled with numerous opportunities, including trading, bridging, farming, and more. Blockchain protocols have already started entering its ecosystem. The latest is AICore, having partnered to create a staking pool to give users passive income with reasonable Annual Percentage Yields (APY). 

What is IceCreamSwap: 

IceCreamSwap is a multi-chain DEX comprising numerous features such as Swap, Bridge, Farm, and Launchpad. The protocol allows users to trade tokens with its friendly UI across numerous chains, including Core, Bitgert, and BNB Chain. 

Where to find IceCreamSwap: 

Website | Twitter | Telegram 

What is Core DAO:

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem’s history and an even greater excitement for Core’s role in its future.

Where to find Core DAO:

Website | Docs | Twitter | Discord

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