Forthewin Community has launched FTW Locker, a time locking utility for NEP-17 tokens. The service is designed to offer Neo-based crypto startups and different customers the instruments to deal with vesting, delayed funds, and different time-restricted transfers.
FTW Locker is now dwell on the N3 MainNet. Customers can create new lockers, seek for lockers by their ID quantity, checklist their owned keys, and look at lockers by contract.
Sending tokens to a locker prices 100 NEP tokens upfront. When creating a brand new locker, the person can select the token to lock, the amount to lock, the time that the locker may be opened, and which tackle ought to obtain the corresponding key.
Making a timelock with FTW Locker
Locker keys are distributed in NFT type. This makes it attainable for the important thing to alter palms, whether or not by means of a standard switch or by being bought on an change. After the timelock for the locker has elapsed, the NFT key proprietor can use it to retrieve the locker’s contents.
The Forthewin group envisions various use instances for Locker. Examples embrace vesting (demoed by FTW to vest NEP tokens allotted to the group), performing airdrops and giveaways, paying timelocked wages, and novel types of fundraising.