What is Early Locking in ICO?

What is Early Locking in ICO? In traditional financing, funds are usually requ

What is Early Locking in ICO?

What is Early Locking in ICO? In traditional financing, funds are usually required to be stored in a designated third-party account (i.e. wallet) to prevent asset theft. Due to the inherent risks and uncertainties of traditional financing methods, the early locking scheme can prevent investors from suffering significant losses.

Under the ICO model, users can choose to relock their investments based on their credit status, personal reputation, and investment portfolio.

Specifically, if a user’s identity is not insured, they can also choose to exit the agreement and receive interest income. In this case, once liquidation occurs, the user will receive a new margin or debt token; however, these funds may not be available for further use. This means that in order to ensure asset security and protection against potential hacker attacks, the system will close all deposit contracts for a certain period of time to protect itself.

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