Get the extension What is a token locker?
A token locker is a smart contract that holds tokens and releases them only under set conditions: a date, a price or a vesting schedule. Projects use it to lock liquidity pool tokens or team allocations so they cannot be sold early.
Why it matters
Buyers of a new token want proof that the team cannot pull the liquidity or dump its allocation overnight. A lock on a public, verified contract is that proof, as long as its owner cannot bypass it.
How Locker Protocol Wallet handles it
Locker Protocol started here: its ERC-20 locking contracts support time and price locks, automated vesting and multi-signature control, with every operation signed offline on Locker Vault. The contracts are public and verified on-chain.
Questions
What is a liquidity lock?
Locking the LP tokens of a trading pool in a contract for a set time, so the liquidity cannot be withdrawn, and the token cannot be rug-pulled that way, during the lock.
What is token vesting?
Releasing an allocation gradually over time, often after a cliff, so holders receive their tokens in steps rather than all at once.