Icecreamswap news

IceCreamSwap Introduce Token Lock Mechanism to Protect Users

Increase Trust and Reduce Scam

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

A token lock is a mechanism that allows projects to secure their liquidity and tokens on the platform, thereby increasing trust and reducing scams in the Core ecosystem. IceCreamSwap is representative, Simon, spoke with Cryptophillia News about the protocol’s idea to protect users with the feature.

โ€œThe 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,โ€ Simon wrote to Cryptophillia News. โ€œOur 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.โ€

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

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IceCreamSwap is constructing a multi-chain product suite rich in opportunities such as trading, bridging, farming, and more. Blockchain protocols have already begun to enter the ecosystem. The most recent is AICore, which has collaborated to create a staking pool to provide users with passive income with reasonable Annual Percentage Yields (APY).

What is IceCreamSwap:

IceCreamSwap is a multi-chain DEX with many features such as Swap, Bridge, Farm, and Launchpad. The protocol’s user-friendly interface allows users to trade tokens across multiple 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 responsible for the development of the Satoshi Plus ecosystem. It provides miners with the opportunity to generate new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core demonstrates a deep appreciation for the history of the crypto ecosystem and an even greater enthusiasm for Core’s role in its future.

Where to find Core DAO:

Website | Docs | Twitter | Discord

 

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