Phoenix Blockchain

From the very beginning the Phoenix Blockchain team envisioned a thriving community all <a href="https://medium.com/@phoenixblockchain/phoenix-blockchain-is-an-exciting-new-blockchain-that-promises-to-be-a-one-stop-shop-for-all-crypto-5bc1d2de733" rel="noopener noreferrer nofollow">utilizing one ecosystem</a>. Well, it is without a doubt that the guys at <a href="https://cfg.ninja/" rel="noopener noreferrer nofollow">CFG Ninja</a> have compiled a groundbreaking addition through their liquidity locker (https://phxlocker.cfg.ninja/).
The liquidity locker provides the function of <a href="https://www.diamondappz.com/#/" rel="noopener noreferrer nofollow">locking away an NFT</a> or collection of NFTs defined by their collection contract and the NFT number. LP (Liquidity Pool) tokens are lockable for a fixed duration is defined by the user, at no time can the liquidity be withdrawn once confirmed on the blockchain that the lock is in place.
<img src="https://miro.medium.com/max/900/1*yiF-wrrpsgAu8xO3L8-Pvg.png">
Why is the Liquidity Locker revolutionary?
Understanding the fact the liquidity locker secures away cryptocurrency or other digital assets, which are generally considered to be assets of the new digital age, which in theory will see a rise in future value. It is the very nature of cryptocurrency to remain decentralized and uncontrollable by one central individual or party, this breaks away from traditional finance which requires financial institutions to oversee transactions. This trustless integration between <a href="https://medium.com/@phoenixblockchain/fireswap-the-native-dex-of-phoenix-blockchain-84a5135d0b06" rel="noopener noreferrer nofollow">buyers and sellers</a> inherently holds value and potential in the form of cryptocurrency and thus locking away cryptocurrency is similar to locking away any other commodity.
This can be considered a decentralized fixed-term bond held on a blockchain. This now opens the potential to trading bonds and the thus trading the inherently locked away LP tokens or NFTs.
<img src="https://miro.medium.com/max/768/1*Z-F65IB7WT9KmCWdU9Y-RA.png">
What is the hidden potential that the Liquidity Locker holds?
Now knowing the fact that future value can and is being locked away in the form of a financial instrument, a tradable bond, the hidden value is unfathomable. Taking into account these Bonds can be locked away for mere days or several years, serving its purpose to anything from a safety feature to keep NFTs stored away from prying eyes to perhaps an inheritance fund consisting of LP tokens.Did we mention this was a free service provided by the CFG Ninja team? There is an option to donate if you find it useful on the token locker website. You did read that right, free. It is a great way to boost confidence for your token/NFT project for your community members, showing the resolve to lock away liquidity will show how dedicated you are to the project! Probably.
For more information about <a href="https://medium.com/@phoenixblockchain/how-to-add-phoenix-blockchain-phx-on-metamask-140bb5342796" rel="noopener noreferrer nofollow">Phoenix Blockchain</a> please check out our <a href="https://linktr.ee/phoenixblockchain" rel="noopener noreferrer nofollow">Linktree</a> and subscribe to our weekly <a href="https://www.youtube.com/channel/UC5gmQbisUsQzm7PeNjzsvRA" rel="noopener noreferrer nofollow">WeBurnWeRise Show</a>!

CFG Ninja’s Revolutionary Liquidity Locker: The Unexplored Potential of Bond NFTs

PhoenixPHX

Other articles published on Jan 6, 2023

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