What are token locks in #cryptocurrency?

Locks in cryptocurrency refer to a situation where tokens or cryptocurrencies are locked for a specific period.

The owner cannot sell or transfer these assets until the lock period expires.

Locks are used to protect projects from mass sales in early stages or to encourage long-term holding of assets.

They are often applied when distributing tokens to the project team, investors, or in staking programs.

This helps stabilize the market and prevent sharp price fluctuations.

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