Floki, a prominent cryptocurrency, has entered into a strategic partnership with Karma, a launchpad and decentralized finance (DeFi) platform. The collaboration aims to enhance the security and reliability of Karma’s launchpad operations.
Karma is known for its innovative approach to launchpads, emphasizing security in an industry that has seen its share of fraudulent activities. Some of Karma’s security mechanisms include automatic liquidity pool locks, delayed ownership transfers, and Downside Protection features. Additionally, pre-audited and verified contracts and an Auto-Lock feature will be included to secure team tokens for projects launching on Karma’s platform.
As part of the partnership, Karma has chosen FlokiFi Locker as its primary token and liquidity provider (LP) locker protocol for its launchpad platform. Karma has committed to locking 100% of its LP tokens with FlokiFi Locker for six months and 32.9% of its tokens for three months. Projects launching on Karma’s platform will be required to secure their tokens and LP using FlokiFi Locker.
Floki and Karma Collaborate to Boost Security in DeFi Launchpads
Floki and Karma aim to elevate security standards within the crypto and DeFi sectors through this partnership. Karma’s flagship product, KarmaPad, will prioritize investor safety and simplify the token presale process, making crypto launches more secure and user-friendly. FlokiFi Locker is a secure crypto locker solution designed for locking LP tokens, non-fungible tokens (NFTs), and fungible tokens.
This collaboration aims to create a safer and more trustworthy environment for crypto enthusiasts and investors participating in DeFi projects.