Why Super Currency Values Liquidity Locking

Trading in the decentralised finance (DeFi) ecosystem has been made easier by decentralised exchanges (DEXs). Tokens may be bought and sold fast without creating a significant price shift thanks to the DEXs and their market liquidity.

But there has been an exit scam in the crypto sector known as rug pulls involving these liquidity pools (LPs). During DeFi rug pulls cryptocurrency engineers may depart a DeFi project and disappear with investors’ money. They may even remove the liquidity pool completely from the DEX, making it non-existent. As a result, investors are left with coins that have no intrinsic worth.

That is why Super Currency (SCUR) tokens have been secured on one of the top liquidity lockers in the cryptocurrency world, Unicrypt.

Cryptocurrency scams can be prevented with liquidity locking. For a set duration, we may use this method to publicly lockdown liquidity on our Automated Market Makers (AMMs). To prove SCUR’s credibility, potential investors frequently seek liquidity locking.

Keep reading to learn more about liquidity pools, why liquidity is important and why Unicrypt is our default liquidity locker.

What is a liquidity pool?

Cryptocurrencies can be stored in a smart contract and used to assist trading on a DEX known as a liquidity pool. SCUR employs automated market makers (AMMs) instead of traditional markets of buyers and sellers. This enables digital assets to be exchanged in an automated and untraceable way via liquidity pools.

Why does SCUR need a liquidity locker?

People are fleeing the DeFi ecosystem as a result of DeFi rug pulls, which are getting more and more common.

Here are some ways we utilize liquidity lockers:

· Securing liquidity pool tokens publicly for a specified amount of time

· Developing configurations that allow SCUR holders to retrieve a specific percentage of the locked tokens every month

We employ liquidity lockers to show holders (and potential holders) that their money is safe and cannot be withdrawn at any point. And as a safety net for holders, we treat liquidity lockers as time-locked vaults.

Developers and holders alike benefit from Liquidity Lockers. It avoids DeFi rug pulls that would cost you a lot of money in the long run. Liquidity lockers alleviate worries about the authenticity of community-driven digital currencies and increase investor trust, allowing reputable initiatives to thrive.

What makes Unicrypt liquidity locker unique?

There are a variety of services and smart contracts that may be used to keep your tokens safe. However, we decided to go with Unicrypt because of some of its new and current exceptional features, such as:

· Lock partitioning

· Incremental locks

· Ownership transfer

· Implementation of protocol pools based on UniV3 standards

What is SCUR?

Super Currency is a community-driven digital currency made for global payments. Super Currency is built on the Ethereum blockchain (ERC-20) with a smart code that makes it safe to acquire and beneficial to hold.

No matter where people are located worldwide, Super Currency can be used as secure exchange of value without requiring a third party to facilitate the exchange. Every Super Currency transaction is permanently, securely, and transparently recorded on the Ethereum blockchain. SCUR is also protected by the strongest liquidity locker in the cryptosphere, Unicrypt.

Final words

A promising DeFi initiative like Super Currency maybe an excellent place to start if you’re thinking about getting involved in the DeFi space. DeFi might be tough because of exit scams and rug pulls. To avoid costly rug-pulls and to increase your confidence in legitimate initiatives, the practice of locking liquidity is becoming increasingly common in the DeFi market.

By securing liquidity pool tokens for a predetermined amount of time, Unicrypt keeps rug pullers at bay. With Unicrypt’s services, we can assure holders that SCUR is legitimate, which in turn helps us build our brand.