Locking & vesting are not new concepts. In traditional finance (BoomerFi) they have been utilised for many years. It enables employees access to stocks gradually over time serving as an incentive to actively support projects. With web3 more advanced decentralised versions can be implemented to help protect users against the volatility of crypto.
Locking tokens minimises the risk of sudden sell-offs (the dreaded rug). This display of commitment to a user base instills greater confidence and worth. Crypto is still in its Wild West phase, last year alone rug pulls accounted for $388 million in losses. We aim to help reduce that number by empowering both builders and users.