Press release

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

Disclaimer: This is a paid press release! Readers should do their own research before taking any actions related to the company. Learn More

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.

Liquidity locker usage over time on the Ethereum chain.
Liquidity locker usage overtime on the Ethereum chain.

Liquidity locking is when project owners store their liquidity provider tokens into trustless smart contracts for a set & 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 “rug-pull” 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 amount of potential scams will be discouraged once liquidity locking becomes the complete status quo.

uncx founder chav
UNCX’s Co-Founder “Chav” at the European Blockchain Convention

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 & 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:

UniCrypt live price
price change

You can find a more in-depth explanation of liquidity locking here:

Press release: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release. Learn More

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