Benswap has added a new feature called "BenLock," which can be used to lock (timelock) tokens. *Lock the transaction/token until the timer expires. The timelock module was mentioned in their roadmap, and this feature will be integrated into IBOV2. We know that most people lost interest in the IBO launchpad due to rug pull tokens; this feature will prevent that from happening again. Tomorrow, a Timelock and IBOv2 document will be added to their site Here's the BenLock feature mentioned by Ben Token Admin. 1. Fees are 10 EBEN and are waived if it is Benswap LP. I'm not sure if the fees are for the token's owner/developer or the buyers. 2. It works with deflationary tokens A deflationary token reduces/increases supply when a token transfer happens. Fire Token is one example. 3. It provides some benefit to BenSwap LP tokens (no creation fee, shows LP details, etc.) Source: Ben Token Finance Telegram Group
2 comments
Those are great news to decentralized world as tokens or LP now can be locked for determined period and that could avoid rug pulls.
yes correct, good for the sbCH users and the Benswap team because they doing a great job in implementing and adding features to their dex. I'm waiting for their IBOv2