Pumplocks
Last updated
Last updated
PumpTogether Locks (PumpLocks) are an incentive mechanism to encourage holding among early participants in a project's token. This builds confidence among community members, fostering a sense of a strong and united community.
PumpLocks use incentivized lock periods. Users initiate a lock, and the system assigns a random unlock date within a predefined range. Users receive a daily share of platform fees (payable in SOL or ETH, depending on the platform) while their tokens are locked. Additionally, they earn $PumpTGT token rewards, which are released and claimable only on the assigned unlock date.
PumpTogether allocates a portion of the utility token as a lock release reward, while a significant portion of trading fees is distributed to traders daily.
The Pump Launcher and Graduator utilize these lock incentives to help projects succeed and limit negative experiences for traders.
Every token project deployed on PumpTogether is an AI Agent that utilizes PumpLocks:
PumpLocks facilitate incentivized capital locking: the amount invested is locked for a minimum default duration in exchange for:
PumpLock NFT: Each participant locking capital receives an NFT (PumpLock) representing their locked capital, which can be traded on secondary NFT exchanges.
To unlock the locked capital, the NFT must be burned to retrieve the locked capital and rewards.
Daily Reward: A daily share of platform fees, based on the size and duration of the lock, claimed at a specified time each day.
Unlock Reward: A duration-based reward paid in $PumpTGT tokens, released to the locker on the capital unlock date.