The @shibavspepe team has relocked $SHEPE's Uniswap liquidity, worth over $428k.
05 Sep 2023, 20:35
🔒 The @shibavspepe team has relocked $SHEPE's Uniswap liquidity, worth over $428k.
Projects with large sums to lock trust the UNCX Lockers to secure their funds and build their credibility. ✅
Same news in other sources
106 Sep 2023, 14:31
➡️ Projects who want to effectively build trust with their communities 🔒 lock their liquidity instead of burning their LP tokens.
Once liquidity provider tokens are burned, project owners lose control of the liquidity pool and supply. If you’re looking to build credibility with your community, why would you employ such a short term thinking strategy?
🚫Risks of burning LP include:
- Inability to remove liquidity from the pool (specially long term if token price rises).
- Impossible to migrate liquidity to new exchange protocols (Uniswap V3, V4, etc).
- Indicates to investors that you do not believe in your token's long-term value.
🚫 Additional risks for investors:
- Malicious actors may announce they are ‘burning tokens’, but in fact are sending them to a wallet they can access.
Can investors really trust tokenized projects that believe it is a good idea to burn their liquidity (LP) tokens? Tell us what you think in the comments! 👇
Projects who want to effectively build trust with their communities lock their liquidity instead of burning their LP tokens.
➡️ Projects who want to effectively build trust with their communities 🔒 lock their liquidity instead of burning their LP tokens.
Once liquidity provider tokens are burned, project owners lose control of the liquidity pool and supply. If you’re looking to build credibility with your community, why would you employ such a short term thinking strategy?
🚫Risks of burning LP include:
- Inability to remove liquidity from the pool (specially long term if token price rises).
- Impossible to migrate liquidity to new exchange protocols (Uniswap V3, V4, etc).
- Indicates to investors that you do not believe in your token's long-term value.
🚫 Additional risks for investors:
- Malicious actors may announce they are ‘burning tokens’, but in fact are sending them to a wallet they can access.
Can investors really trust tokenized projects that believe it is a good idea to burn their liquidity (LP) tokens? Tell us what you think in the comments! 👇