🔸Everyday Tools for Business

Successfully launching and maintaining a crypto project is already a rather serious responsibility on its own, but as always, it’s the details that can make all the difference. There are lots and lots of small and not-so-small challenges that need to be tackled properly for a project to flourish, and for some of those, Nexbox is here to help and take some weight off your shoulders.

Liquidity Locker

When providing liquidity on a DEX such as Uniswap or PancakeSwap, the liquidity provider receives a certain amount of LP tokens (“UNI-V2”, “Cake-LP” etc) representing the pooled assets for both sides. Whoever holds these LP tokens can retrieve those assets.

Given how it is necessary to provide an adequate amount of funds as liquidity when launching a new token onto the market, and how “adequate” usually means “a rather serious lot”, it is understandable that users are oftentimes concerned about what’s being done with the LP tokens. Burning the LP tokens is one option, but one that is both irreversible and potentially damaging to the project’s health.

The one single right thing to be done here: Storing the LP tokens inside a smart contract with a customizable time lock, which trustlessly takes care of them until the right time has come. Being a fully transparent on-chain service, every user can check what’s going on, and rest assured that the ones in charge of the project are as concerned for their users’ safety as they are.

At Nexbox, we understand the necessities of both worlds – With the Nexbox Liquidity Locker, we’re offering a simple tool that can make an impactful difference, one that makes rug pulls a thing of the past.

Multisend

Distribution of funds is a task every crypto project having a token is faced with at least once in its lifetime. Usually, this is something that has to be done repeatedly due to vested token unlocks, etc, resulting in spending some more or less serious money on transaction costs, depending on which chain your project is active on.

We have come up with a way to greatly reduce the financial impact of sending assets to multiple addresses in parallel, supporting any kind of funds, be it ETH / BNB / MATIC, ERC-20 tokens, or NFTs.

Just like one would expect, it’s as simple as it sounds: Provide funds, upload a list, click a button, and be amazed at how cheap it is when compared to conventional multisending solutions.

Claiming Platform

Other than distributing funds through direct sending, having users claim their share through a smart contract is the other option – Which one to choose depends entirely on the task at hand, as, for example, vested tokens that are unlocked in regular intervals are something usually sent directly, whereas rewards, such as for staking, are usually claimed by the user.

The practical difference for the administrating party lies within the transaction costs: When using a service such as Nexbox Multisend, the sender carries the entire financial load, whereas with claiming, each user pays their claiming transaction individually, and the administrator only has to pay for one single set-up transaction.

As mentioned above, it is entirely up to you to decide which tool is best suited for your needs. For those moments when you want your users to be able to claim their share in tokens themselves, with optional time-locked vesting, conditions for claiming, and more options being currently developed, the Nexbox Claiming Platform is here to help.