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Adding a Token Lock on Koincity

In this section of the documentation, we will cover the process of adding a token lock on Koincity. Token locks play a vital role in ensuring the security and integrity of token projects, especially for those launched via a launchpad. They can be set up for both individual tokens and liquidity tokens. This guide will help users understand how to add token locks, how they are integrated into launchpad token metrics, and the automation of liquidity locks for finalized launchpads.

Understanding Token Locks​

  1. Purpose: Token locks are implemented to secure a portion of the token supply, ensuring that these tokens cannot be sold or moved for a designated period. This practice is crucial for preventing abrupt sell-offs and maintaining market stability.
  2. Types of Locks: Users can create locks for individual tokens and for liquidity tokens.

Adding Individual Token Locks​

  1. Access Token Lock Feature: Log into your Koincity account and navigate to the token lock section and click at "Create".
  2. Enter token/pair address: Paste the token or liquidity pair address into the input field.
  3. Enter Token Details: Provide details of the tokens you are locking, including the amount, description and the duration of the lock.
  4. Confirm and Create Lock: Review all details and confirm the creation of the token lock.

Integration with Launchpad Token Metrics​

  1. Automatic Consideration: For launchpad tokens, any token locks are automatically considered and integrated into the token metrics. This provides transparency and clarity about the locked tokens to potential investors.
  2. Visibility in Token Distribution: The locked tokens will be visible in the token distribution metrics, showing how much of the total supply is locked and for how long.

Automatic Liquidity Locks for Finalized Launchpads​

  1. Finalization Process: When a launchpad is finalized, the platform can automatically initiate a liquidity lock.
  2. Automatic Lock Creation: This liquidity lock is automatically created during the finalization process. It involves locking the liquidity tokens to secure the liquidity pool on KoinDX.
  3. Lock Details: The details of this automatic liquidity lock, such as its duration and the amount locked, will be transparent and available for view within the launchpad’s metrics.

Conclusion​

Adding a token lock on Koincity is a critical step for project owners to ensure the stability and credibility of their projects. For individual tokens and liquidity tokens, the process is straightforward and user-friendly. For launchpads, the integration of token locks into the metrics and the automatic creation of liquidity locks upon finalization add layers of security and trust for investors. This guide aims to provide clear instructions and understanding for users looking to implement token locks on the Koincity platform.