Crypto Innovator ebox Launches Low-Fee Liquidity Locker

Of all the blockchain projects that come and go, few are genuinely impactful, and even fewer are here to stay in the long run. A prime example that satisfies both is ebox, a small crypto firm led by three young Austrian entrepreneurs.

With their goal to bring lasting change to the blockchain world, they have made innovation their trade. Initially starting off as an escrow service for on-chain transactions, allowing users to get back funds sent to a wrong address, they continued to develop unique solutions by looking at things their own way.

Aside from their escrow service, ebox also provides so-called “In-Wallet Staking”, a staking system which – unlike conventional crypto staking – does not require users to lock tokens inside a smart contract.

Through this mechanism, ebox brings an unprecedented level of safety to user funds, building and designing their architecture so as to require the least amount of trust possible.Theeffect of incentivizing users to hold tokens to receive passive income is still given, as a specially developed off-chain software tracks all token movements, and rewards loyal users accordingly.

What is liquidity locking?

Whenever a project launches its token, usually, liquidity is provided on DEXes such as Uniswap. This requires a significant amount of money to be deposited.In turn, the DEX gives back a special LP token, which is used to retrieve the deposited liquidity funds.

For private investors participating in the liquidity pool, there is no need to lock the LP tokens away. After all, you want to be able to retrieve your share at any time.

For projects however, being able to remove the majority of token liquidity opens the possibility for a rug pull. In the case of such an event, user tokens lose all their value, essentially scamming people of the money they invested into a project.

Introducing the ebox Liquidity Locker

Coming from game-changing innovation, the latest ebox release might seem a bit dull at first glance – After all, liquidity locking is not a new concept, and in this case, there is no technical difference to well-established ones such as the Unicrypt Token Locker.

The main selling point here is, in fact, a financial one: The ebox Liquidity Locker offers, as of today, the lowest fee in the market. Contrary to competitors, eboxdoes not charge a flat fee here. Instead, a small percentage (up to 1%) is deducted from the deposited tokens, which can go as low as 0.5%.

Adding to this, ebox only charges a fee for some of the operations available through its liquidity locker, rather than every single functionality:

• Creating a lock charges a fee of up to 1%.
• Adding tokens to an existing lock also charges up to 1%.
• Extending an existing lock time-wise is completely free.
• Transferring ownership over a lock is also a feature that’s completely free to use.

As a bonus for their community and everyone believing in what ebox does, holding their platform token “EBOX” can further reduce the fee down to 0.8% and 0.5%, depending on the amount of tokens held.

Future Outlook

Summing it up and taking a glance at the bigger picture, ebox is very likely to stir some turmoil here. The three guys from Western Europe have once again found a way to bring impactful change to the crypto industry – After all, liquidity locking is an absolute necessity to every trustworthy project for proving credibility to the community.

To shake things up and get their news to spread itself, they’re doing a limited-time promotion campaign through a referral system: Users can generate a unique sharing link, and then collect a whopping 50% fee share from all the fees paid by the people they referred.

This means that for every $100k deposited by a project into liquidity, a referring user can get up to $500, straight away – Quite the bonus for simply spreading a link across the internet.

Of course, liquidity locking is something that only affects project leaders rather than everyday crypto traders, so this might pose a bit of a challenge. With an incentive that solid, however, the ebox Liquidity Locker might just be the next spectacularly unspectacular wildfire.

Links

Website: https://ebox.io

Business Branch:https://business.ebox.io

Telegram: https://t.me/ebox_official