Ethereum

Polygon

UNCX Network

Aiming to make the DeFi space more secure, UNCX Network has created and advocated the use of liquidity locking over the past few years at a vigorous rate. Having experienced incredible success in making this a common practice in the industry, they are now expanding their business to new horizons. With expansion comes a rebrand and a website upgrade.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f42199a1e2134ceb9b42b98b550820d7.png" />Liquidity locking is when project owners store their liquidity provider tokens into trustless smart contracts for a set &amp; renewable period. It removes their ability to withdraw all liquidity and run away with funds unexpectedly. It is a form of malicious DeFi practice (commonly known as “<a href="https://cryptoadventure.com/all-there-is-to-know-about-rug-pull-in-crypto/" rel="noopener noreferrer nofollow">rug-pull</a>” across the industry) prevention.UNCX first created this tool in mid-2020. Over the last year and especially in the last six months, its use has skyrocketed. Investors now growingly expect the projects they invest in to have liquidity provider tokens locked - UNCX predicts that a significant <a href="https://cryptoadventure.com/community/articles/an-overview-of-smart-contracts-scams/" rel="noopener noreferrer nofollow">amount of potential scams</a> will be discouraged once liquidity locking becomes the complete status quo.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/0500994db2644c38b25e4dd695262886.jpeg" />UNCX Network has not stopped at locking; it continues to build and develop services emphasizing security. The platform includes an on-chain automated launchpad, token vesting, staking &amp; farming as a service, and an incoming new minter with innovative and creative capabilities. While the team is still being prepared to disclose the other services and projects they have been silently building, it is known that the 7th version of their platform is just a few months away.The new website and sleek brand reflect the growth they are experiencing and the new projects they plan to deliver on the market.Check out their new website here: <a href="https://uncx.network/" rel="noopener noreferrer nofollow">https://uncx.network</a>.You can find a more in-depth explanation of liquidity locking here: <a href="https://medium.com/&#64;unicrypt/liquidity-locking-overview-112329ecfaaa" rel="noopener noreferrer nofollow">https://medium.com/&#64;unicrypt/liquidity-locking-overview-112329ecfaaa</a>.

The Creators of Liquidity Locking, UniCrypt, Rebrand to UNCX Network

Crypto Adventure

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