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Gaining trust from the community is essential within any blockchain-based project.
With so many developers abandoning projects, there became a need for developers to prove their loyalty.
One of the key ways through which this is a possibility is through the procedure of locking coins or tokens.
The Orbeon Procol team was aware of this and did just that, to strengthen the trust among the Orbeon Army!
Orbeon Protocol Developers Lock Tokens for 10 Years To Bolster Loyalty and Trust
The Orbeon Protocol development team has lived up to their promises and has essentially locked the Team Tokens, as previously promised.
Alongside all of this, the tokens are now locked for ten years, which is the same length of time that the liquidity pool will be locked as well.
Any cryptocurrency enthusiast, trader, or investor, who wants to view the transaction, can easily do so through the usage of Etherscan, a website that specializes in enabling anyone to view and analyze all assets, transactions, as well as balances that occur on top of the Ethereum blockchain.
Through it, users can check the gas fees, interact with smart contracts, and find block data. Additionally, the liquidity pool is also locked for ten years, ensuring that there is no rug-pull. The smart contracts were also fully audited by Solid Proof.
The official transaction that locked the team tokens can be found here:
The locking of these tokens for ten years bolsters the trust of the developers and will ensure that the team remains dedicated and attached to the project throughout that point in time and beyond. The tokens have an official unlock date of January 12, 2033.
The Orbeon Protocol is an investment platform that can revolutionize the crowdfunding and venture capital industry by enabling anyone from anywhere in the world to make fractional investments in early-stage businesses.
What this essentially means is that startups can raise funds and engage with their investors in a much more efficient way by rewarding them and by providing equity-based non-fungible tokens (NFT).
Each investment will be minted into an NFT and will then be fractionalized. Anyone can then back the projects they believe in with as little as $1 in terms of investment. This enables anyone to make investments, even those who do not have a lot of upfront capital.
The post Orbeon Protocol Developers Have Locked The Team Tokens for 10 Years appeared first on CryptoPotato.
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