The DeFi project Unicrypt has hit a new milestone with the successful deployment of its lockers and initial liquidity offering (ILO) platform on top of PancakeSwap and JulSwap.
As per its official Twitter page, Unicrypt now offers its services on 4 Automated Market Makers (AMM) among 3 blockchains. The project team is also considering new AMMs where they can deploy all Unicrypt services.
The addition of Binance Smart Chain (BSC) support is a key move toward establishing Unicrypt as a top multi-chain presale & liquidity DAPP platform.
The development comes just weeks after the blockchain network unveiled plans to move its whole suite of services to xDai, a sidechain on the ETH blockchain that supports swift and stable payments. That migration facilitated the introduction of support for HoneySwap and the eventual launch of the UniCrypt series of deployments.
The recent deployment of Unicrypt liquidity lockers on top of PancakeSwap and JulSwap will facilitate the seamless locking of liquidity. Support for other AMMs is scheduled to come next, allowing the network to gain adoption among DeFi investors.
Unicrypt is transforming DeFi by instilling more Trust
The booming DeFi space is currently plagued with rugpull scams, where projects either run away with presale funds or withdraw liquidity from an exchange.
To mitigate against such scams, Unicrypt utilizes smart contracts to funnel presale funds and automatically send liquidity to PancakeSwap or Uniswap, depending where the ILO is taking place.
The LP tokens remain locked on the exchange for a specified period, deterring any project from prematurely withdrawing the funds.
Interestingly, Unicrypt is the only network and browser that facilitates the locking of funds while also providing liquidity migration to Uniswap V3 once they are live.
All liquidity lockers are set up to boost investor confidence by providing users with comprehensive details about each project, such as lapsing date and total value locked (TVL).
Ushering in the Era of Decentralized Presales
Unicrypt recently heralded the era of decentralized presales with its new decentralized Launchpad. Unveiled in Jan 2021, the platform seeks to counter the continued loss of trust in DeFi.
New DeFi Projects wishing to start their journey on the fully decentralized, autonomous, and scalable Launchpad get the best possible environment where they can gain instant investor trust. This is due to the Unicrypt whitelisted auditors who safeguard users against suspicious activities by vetting new projects listed on the presale platform.
What’s more, projects looking to establish themselves in the growing DeFi space can leverage Unicrypt for funding, promotion, and support while sidestepping strict scrutiny obligated by centralized launchpads.
As always, investors are advised to do their own research on the ventures they wish to put their money into just as they would on Uniswap.
The Unicrypt automated and open Launchpad is arguably the easiest presale platform in the DeFi space, allowing any project to establish itself on a fair and autonomous ecosystem.
The next big project to launch on the Unicrypt ETH chain, NEXT, is scheduled to start its public sale on March 6th.