Lock
Last updated
Last updated
During the order creation process, it is possible to "lock" the order. A "locked" order cannot be canceled and will remain on the blockchain until it is fully executed. While this feature may not be of immediate interest to the average user, it presents a valuable tool for token creators.
By utilizing Lock Orders, you can establish a price floor for your token. By placing an order at a specific price and locking it, you can build trust within your community and provide price support during market downturns.
This feature demonstrates your commitment to maintaining token value, fostering confidence among investors and stakeholders. You can combine the Lock functionality with to create a robust and strategic approach to token management.