Introducing Wealth Locks for Binance Smart Chain

Wealth Locks
3 min readFeb 24, 2021

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As we all know that with wider use and Adoption of BSC, more and more new projects are being listed on BSC. While all the great Developers are shifting to work on it and new Technologies are being announced every hour, one thing that is missing in the early stages of BSC and is need of the hour is Liquidity lock and Team tokens lock. It is causing investors to be skeptical and to take back step in a really fast growing platform.

So, we’re here with a solution for investors to participate confidently in this Amazing Journey of BSC by launching..

WEALTH LOCKS

Wealth locks is a decentralized application that allows blockchain projects to lock their BEP20 tokens and (LP) Liquidity tokens in a non-custodial, time-released smart contract vault.

When a BEP-20 token or LP token is locked on the Wealth Platform, it’s locking mechanism will be governed by our smart contract. The unlock date and other locking specifications pertaining to that token will be in-built in our smart contract. It will be accessible by all to view and will mark as a trust in projects investors and holders.

Weath tokens ($WLT) will be used as a deflationary governance token of the weath locks platform. There is 0.5% service fee for the lockups on wealth platform. The revenue generated will be used to buyback WLT at the market price. These tokens will be used for quarterly burns and airdrops to WLT holders.

Features of the Wealth locks Platform

1. Tokens and liquidity lock- Locking tools make it fast, safe and assured to lock any BEP-20 based coin. Further locking projects token gives the investors faith that founders will not dump the project’s token which will create a loss for the investors. Wealth locks help you lock your tokens with minimal fees of .5%.

2. Lockup Dashboard- The moment you lock liquidity tokens with Wealth locks, it will show your lockup and project details in a very simple manner which makes it easier to gather information about the project which gives confidence to the investors and also ensures assurance.

3. Secured and audited Smart Contracts-
Wealth locks respects security and decentralisation so we never have custody of users locked coins and do not have any access to them. The locking contract is well tested and audited for any security vulnerabilities. The locked tokens can only be withdrawn by the locking address after the completion of the lockup period.

How to lock your Tokens with Wealth locks ?

It is very easy to lock your coins with Wealth locks. The project teams can create custom locks as per their requirements of lockup amount and time period

Step by step guide for locking team tokens / LP tokens

  1. Visit wealthlocks.io
  2. Go to Lockups, click continue and connect your metamask.
  3. Enter the token address or LP pair address. Click on search icon and then select your token from the list.
  4. Enter the amount of tokens to be locked
  5. Enter the number of days/months for which tokens are to be locked
  6. Click on approve and confirm the transaction from your metamask wallet.
  7. Click on lock and confirm the transaction from your metamask wallet.

And, your coins are now safely locked and will be visible in my locks section.

You can only unlock your coins when lockup time period has passed.

On Wealth locks, only you are the owner of your lockup.

You can lock any number of tokens without boundaries.

So guys, what are you waiting for! Spread the Word and Don’t forget to Save your Wealth through Wealth.

Check out our Website and Twitter for more updates. Join our Telegram to discuss Wealth with our Amazing community members.

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