GraphLinq Teams up With Locklet Foundation to Launch a Decentralized Incubator
GraphLinq Teams up With Locklet Foundation to Launch a Decentralized Incubator
In brief
- GraphLinq recently announced a new partnership with a project known as Locklet.
- The project acts as the first decentralized vesting platform that aims to allow users to launch their own vesting clauses.
- The project will also launch its Incubator service, which GraphLinq will also support, including integrating stats in its analytics app.
DeFi project GraphLinq teamed up with a new project called Locklet Foundation in order to provide many different services, including adding details for its upcoming Incubator product.
DeFi project GraphLinq has had a number of major developments this year, including new CEX listings, new development updates, and even the launch of a new beta platform.
Now, however, the project has published a Medium blog post in which it just announced a new partnership, this time with the Locklet Foundation. In the announcement, GraphLinq revealed that the project is planning a bunch of analytics, blockchain integrations, and more as it continues the integration with their Protocol
GraphLinq will contribute to the partnership by including a set of tools, such as blocks to watch, analyze, track what’s happening on the Locklet Foundation, schedule new features for their contracts, broadcast on-chain transactions, and more.
What is Locklet Foundation?
Locklet Foundation is a crypto project that GraphLinq sees as quite innovative. It functions as the world’s first decentralized vesting platform. The project’s goal is to offer many different services regarding digital currencies, the leading one of which is a token lock. This is one of the biggest reasons why Graphlinq teamed up with the project, aiming to bring more tools to token issuing.
The announcement says “As we released the deployment of ERC-20 tokens (Ethereum crypto-tokens), having more featured blocks to create your own project and his further development such as securing the schedule of vesting automatically, through a simple graph to use, is quite needed after making a new token.”
Essentially, the project allows any crypto holder to create vesting clauses, which may be more or less complex. These vesting clauses, or locks, can be created whenever there is a need for them and can be executed over the desired duration, all in a completely decentralized way.
The project aims to help everyone, be they entrepreneurs, teams, business angels, hedge funds, developers, communities, and more.
GraphLinq’s main goal, however, is to provide blocks and analytics for the project’s Incubation service, which will be there to support new projects to launch, as well as create the funds raised from GraphLinq.
The Locklet Foundation’s stats will be integrated on GraphLinq’s analytics app, and the same goes for its native cryptocurrency, LKT. The stats will include things like TVL, TTL, Total Platform Users, ATH, volume, holders, market cap, circulating, maximum, and total supply, as well as LKT trades, and finally — Total Locks.
The Incubator will launch later this year, as the announcement says, meaning that it likely won’t be long before it arrives, given that the final quarter of 2021 has just started.
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