Babylon Booster Grant: RadLock | The Radix Blog | Radix DLT

What is RadLock?

RadLock stands as a comprehensive project asset-locking solution within the Radix ecosystem, designed to enhance the integrity and trustworthiness of projects. It delivers a robust suite of tools and services that safeguard project liquidity, facilitate transparent token distribution, and offer rigorous project vetting processes. The RadLock platform is committed to fostering a secure and reliable environment that nurtures innovative project development and instills confidence among builders and investors alike.

Locking and vesting in crypto is an essential part of web3. A major roadblock for onboarding into web3, in terms of UX, is the constant threat of bad actors. In April alone, a whopping $101.5 million was lost to ‘rug pulls’ in just ONE month. RadLock provides various trust and transparency tools to empower users and project founders.

For project builders, RadLock offers:

Liquidity Locking: Liquidity Locking aims to prevent ‘rug pulls’ by securing project liquidity and building trust from founders to investors, thereby protecting investments. 

Team Vesting: Ensures a fair and transparent token distribution schedule for project team members. Projects can decide on time scales and quantity to fit their needs, and the community can see the locks anytime, building trust and transparency between the user and the project.

NFT Project Services: Locks NFTs and presale tokens, with releases tied to project milestones, safeguarding assets.

For token holders, RadLock provides:

Leaderboard: Lists top-performing projects with secured liquidity.

Real-Time Project Updates: Trading decisions can be made more accessible based on the latest project information provided on the platform. Users can keep tabs on any upcoming unlocks that may affect their portfolio.

So, what’s on the horizon?

RadLock is now actively engaging users and project founders to test their MVP (you can register your interest today by filling in the form here). This testing phase is crucial for refining the dApp in preparation for a broader release. With a robust history of one-to-one education sessions on RadLock services over the past 18 months, their marketing strategy is well underway.

RadLock’s first phase is B2B-oriented, initially targeting project founders. Plans are in place to expand their services to B2C in future phases, aiming to become an essential tool for any project demonstrating long-term commitment and vision.

Looking ahead, RadLock is concentrating on enhancing the ‘insights’ section of their dApp. This update is anticipated to empower users by providing them with relevant information, enabling them to make more informed token purchase decisions. With these developments, RadLock is set to offer an even more valuable platform for both project founders and token holders.

The Radix Advantage: A Founder’s Perspective

Reflecting on the capabilities of Radix, a founder of RadLock shared their perspective.

“Radix being asset orientated allows us to seamlessly represent locked liquidity as an NFT,  and making it soulbound is as easy as a few lines of code. We don’t have to design these behaviors ourselves from scratch; Radix has all this native to the protocol.“ – Beem

For more information on the project, head to the website, follow the project’s official Twitter account or join the RadLock Telegram channel.

‍All information about RadLock was provided by the RadLock team and has not been verified by Radix Publishing, RDX Works, or their associated companies.

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