Why we only lock the liquidity pool of CST for 60 days?
Posted by : Crypstarter Team
Category : Blog, news
When selling on Pinksale, we will create a liquidity pool for CST on Pancakeswap. So this will create an LP token called BUSD-CST LP. The place that will keep that LP token for 60 days is Pinksale, and this will not benefit the users.
Therefore, in order to ensure that there is no early mass release of tokens by early buyers, affecting investors, we will unlock and withdraw the BUSD-CST LP token to the Crypstarter Protocol after 60 days of leaving it on PinkSale. The entire liquidity pool will still be kept on Pancakeswap, we do not withdraw any coins in that pool. Thus, when you trade CST on Pancakeswap, the Crypstarter Protocol will receive the transaction fee from this liquidity.
This will definitely benefit the community instead of leaving LP tokens on Pinksale: Transaction fees in the treasury will be used to back the value of CST. Because of this, all benefits will go to the community.