FAQ

Locklet
2 min readSep 6, 2021

We’ve gathered the most frequently asked questions to this post. We hope it’ll be really helpful for you.

What is the utility of the LKT token?

- Create or revoke vesting and pay the associated fees in $LKT.
- Stake your $LKT to earn part of the platform’s collected fees (more LKT without supply inflation).
- Hold a natively deflationary asset.
- Actively contribute to Locket’s future through governance. For example, vote to decide platform next features such as new chain implementations.

Where to buy LKT?

LKT is available for purchase on multiple platforms.

- Demex (Ethereum): https://app.dem.exchange/trade/lkt1_usdc1
- Uniswap (Ethereum): https://app.uniswap.org/#/swap?use=V2&inputCurrency=0xd9b89eee86b15634c70cab51baf85615a4ab91a1
- PancakeSwap (Binance Smart Chain): https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xde8fa069707b6322ad45d001425b617f4f1930bd
- MDEX.com (Binance Smart Chain): https://bsc.mdex.co/#/swap?lang=en&inputCurrency=0xde8fa069707b6322ad45d001425b617f4f1930bd

What blockchains is the LKT token available on?

For now LKT token is available on Ethereum and Binance Smart Chain

How much liquidity has been locked?

In order to guarantee continuous liquidity on our various pairs, we have locked all of our LP tokens:
Uniswap (USDC/LKT) : 90,000 USDC / 11,400,000 LKT
PancakeSwap (BNB/LKT) : 55 BNB / 2,250,000 LKT

How many tokens have been locked?

You can view all of our locked tokens on our Unicrypt token page:
Unicrypt LKT page: https://app.unicrypt.network.
Currently, 32,000,000 LKT are locked, which is approximately 21% of the total supply.

How many tokens have been burned?

For simplicity and transparency, we have made the choice that all token burning operations are carried out on the Ethereum chain. You can therefore consult the number of burnt tokens on Etherscan at any time.

https://etherscan.io/token/0xd9b89eee86b15634c70cab51baf85615a4ab91a1?a=0x000000000000000000000000000000000000dead

Who is the project team?

Our team is made up of four cryptocurrency enthusiasts and a marketing agency working for us full-time. You can learn more about the different members from our website.
https://www.locklet.finance/

About Locklet

Locklet is the world’s first decentralized vesting platform 🧙‍♂️🎉. It allows any crypto-currency holder to create more or less complex vesting clauses according to their need and have them executed over the desired duration and this is accomplished in a completely decentralized way. Thanks to our platform, serious projects can now cryptographically differentiate themselves from scammy ones!

For more information on Locklet:

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Locklet

World’s first decentralized vesting platform 🎉🧙‍♂️ ! Protects every Crypto or DeFi community from rug pulls, predatory ventures, perfidious advisors and more…