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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: PercT4b on October 30, 2021, 08:03:47 AM



Title: How a token locker works
Post by: PercT4b on October 30, 2021, 08:03:47 AM
I was planning to lock some tokens in a token locker, which one is yet to be decided (it depends on the fees).


I was wondering if the tokens that I'd lock could be affected by a massive token burn or would just be burnt like the others.


P.S: if you have any ideas for a good token locker with decent fees would be greatly appreciated.


Title: Re: How a token locker works
Post by: lumierre on October 30, 2021, 03:19:16 PM
I was planning to lock some tokens in a token locker, which one is yet to be decided (it depends on the fees).


I was wondering if the tokens that I'd lock could be affected by a massive token burn or would just be burnt like the others.


P.S: if you have any ideas for a good token locker with decent fees would be greatly appreciated.
Actually, when developers burn tokens they buy from the market first and then burn exactly these coins.
If I understand you properly, you are looking for a defi-project where to get APYs for locking your tokens. There is a bigger number of them. You can consider Compound, uniswap, aave, 1Inch. As you worry about fees, you are to use a cheap blockchain such as Polygon. You can use Quick swap or Sushi swap on it.