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PolkaLokr Listing on AscendEX

1 min
Updated by Imogen Searra

AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the PolkaLokr Token (LOKR) under the pair USDT/LOKR on May 10, 2021 at 1:00 PM UTC.

Polkalokr is the first all-in-one, multi-chain token locking and escrow platform with built-in privacy functionality. Their products, LOKR and SWAPR, help build trust within the Defi space by removing the human element and focusing on governance through code with a seamless, omnichannel digital experience platform. Polkalokr will introduce the ability to swap locked tokens, which are not yet available in the space.

They have taken tokenomics to a new level. The oracle integration allows projects to start vesting tokens based on events, for example, when the token price or product milestones are reached, instead of a time-based cliff.  They will also provide projects with revenue streams through their locked tokens.  Polkalokr is multi-chain and not reliant on just ERC20 or DOT. They are looking to create new markets by introducing swap-locked tokens and direct vesting to new buyers.

There is a lack of trust in the digital asset space due to rug pulls and exit scams. Polkalokr’s products will help protect the community from bad actors and bring a layer of transparency to project tokenomics. Their Native token LOKR is used for payments on the Polkalokr Platform. LOKR is also utilized for governance, rewards, and staking.

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