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Uwerx Information
  • 🌐Uwerx
  • [1] Overview
    • Data Driven Demand
    • Current State of Freelance Industry
    • Advantages of using blockchain technology
      • Trust & Security
      • Substantially Lower Fees
      • Verifiable Stored Records
      • Protected Intellectual Property Rights
  • [2] The Uwerx Freelancing Platform
    • Reserved
    • Reserved
    • Reserved
    • Reserved
    • Reserved
  • [3] Uwerx Marketplace Structure, Features & Advantages
    • Structure
    • Unique Features
      • User Webinars
      • Joining Incentives
      • Performance & Activity Incentives
      • Integration with productivity tools
    • WERX's Role / Use Cases
  • [4] Tokenomics
    • Of Supply
    • Of the WERX token
    • Vesting Period for Sustainability
  • [5] Roadmap
    • Vision
  • [6] Safeguards and Security
    • Audits
    • Liquidity Lock
    • Contract Renouncement
  • [7] WERX Token Details
    • Contract Address
    • Setting up WERX token in your DeFi wallet
  • [8] Social Media Links
    • Official Links
    • Moderators
    • Social Media Etiquette
  • [9] The Uwerx Team
  • [10] Frequently Asked Questions (FAQs)
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  1. [6] Safeguards and Security

Liquidity Lock

Information regarding the future locking of liquidity

The team will lock liquidity immediately after the presale period has ended, for 25 years.

The link will be shared on Twitter, Telegram and also inserted on this page.

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If liquidity is unlocked, then the token developers can do what is infamously known as "rugpull".

Liquidity is locked by renouncing the ownership of liquidity pool (LP) tokens for a fixed time period, by sending them to a time-lock smart contract. Without ownership of LP tokens, developers cannot get liquidity pool funds back.

This provides confidence to the investors that the token developers will not run away with the liquidity money. It is now a standard practice that all token developers follow, and this is what really differentiates a scam project from a real one. Locking liquidity will not prevent holders from buying or selling WERX.

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Last updated 1 year ago