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Token Lock FAQs

FAQs for both Liquidity Locks and Team Token Locks

Who are Liquidity Locks for?

Using a liquidity lock is best practice for any serious crypto project looking to build a community and raise external funding. However, for new projects with teams that don’t have an existing track record in the industry, liquidity locks can be particularly effective in helping gain credibility and trust.

How long should I lock my liquidity for?

The longer the better. Locking liquidity for the long term helps signal that you are a serious project committed to building what you have promised. If you are worried about how locking liquidity might impact your company’s treasury and cashflow, check out our NFT liquidity bonds.

How much of my liquidity should I lock?

If you intend to be the main liquidity provider for a liquidity pool, we recommend locking 80-100% of the total pool value.

What are the fees to use a Liquidity Lock?

Each lock has a fee of $150 USD. This fee is included automatically in your wallet when you deploy your contract, and is charged in the native token for the blockchain you have selected.

How do I withdraw tokens once my lock ends?

After using any Team Finance service you can use our Claim Token dashboard to see the status of your locks, vesting contracts and staking pools.

What's an example of a crypto scam that could have been prevented by using Team Finance?

A rug-pull occurs when project creators withdraw their Liquidity Pool tokens from a decentralized exchange pair. The infamous Squid Game Rug-Pull would have been prevented if the project team had their LP tokens in a Team Finance Liquidity Lock.

Can I use locking services if I didn’t create my token with Team Finance’s Mint token generator?

Yes. Our locking contracts are compatible with any token standard on the blockchain networks that we support.

What’s the difference between Team Token Locks & Liquidity Locks?

Team Token Locks are specifically for tokens allocated to project team members. With these locks, team members are unable to sell their tokens until the lock expires. They help prevent exit-scams. Liquidity Locks are for liquidity pool (LP) tokens. These are created when a project contributes tokens to a liquidity pool on a decentralised exchange. They help prevent rug pulls.