cryptonews.net
Floki, a renowned cryptocurrency company, has entered into a strategic partnership with Karma, a revolutionary launchpad and DeFi (decentralized finance) platform. The goal of the collaboration is to improve the safety and reliability of Karma's launchpad operations.
Some of their pioneering security mechanisms include automatic liquidity pool locks, delayed ownership transfers, and Downside Protection features. Additionally, pre-audited and verified contracts, and an Auto-Lock feature will also be included to secure team tokens for projects launching on their platform.
As part of the partnership, Karma has selected FlokiFi Locker as the primary token and LP (liquidity provider) locking protocol for its launchpad. Karma has already committed to locking 100% of its LP tokens using FlokiFi Locker for a six-month period and 32.9% of its tokens for three months. Moreover, Karma will provide integration of the FlokiFi Locker protocol. It will become mandatory for projects launched with them.
Image: CoinChapter