In the crypto space today, projects continue to look for opportunities to build communities and raise funding to move the needle and create an established brand name and presence in the industry.
However, in order to do so, gaining credibility and trust from broader communities is needed. This day and age, particularly with the continued amount of rug pulls and malicious actors frauding users, achieving this is becoming increasingly challenging.
But what if there was a better way?
This is where Team Finance comes in with their Liquidity Locker, an advanced tool that allows teams and projects (particularly newer ones to the market) lock their tokens/liquidity on dApps (decentralised applications) to prevent rug pulls and build investor confidence.
In this governance proposal, the dragon community must discuss and decide on whether QuickSwap should integrate Team Finance’s Liquidity Locker tool. Their technology would be integrated directly on QuickSwap’s UI where Polygon ecosystem projects/teams could lock their liquidity, and users would be able to directly view the participating projects and provide liquidity directly to those pools.
TL;DR: • Building a community and raising funding in the crypto space is essential to building a brand, however gaining credibility and trust in the industry is challenging given countless instances of rug pulls • Team Finance has built a Liquidity Locker tool that lets teams/projects lock their tokens/liquidity on dApps to prevent rug pulls, thereby fostering greater transparency and creating higher investor confidence QuickSwap is looking to integrate Team Finance’s Liquidity Locker directly on the DEX interface, allowing Polygon ecosystem projects/teams to lock their tokens directly on the DEX and gain more visibility from the dragon community • This Snapshot vote will run until Friday, July 5 at 6:00 PM UTC • Once you’ve read the entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members