Floki partners with Karma to bolster DeFi security and launchpad reliability.
Karma adopts FlokiFi Locker for LP token and token security.
Collaboration enhances investor safety and trust in crypto and DeFi projects.
Floki, a prominent crypto, has forged a strategic partnership with Karma, a revolutionary launchpad and DeFi (Decentralized Finance) platform. This collaboration marks a significant step in enhancing the security and reliability of Karma’s launchpad operations.
#Floki has partnered with @TheKarmaPad, a revolutionary launchpad and DeFi platform.With this partnership, and in alignment with its strong focus on security, #Karma is adopting #FlokiFi Locker as the primary token and LP locker protocol for its launchpad platform.Karma will… pic.twitter.com/lPeBnQ2ZQU
— FLOKI (@RealFlokiInu) October 4, 2023
Specifically, Karma has gained recognition for its innovative approach to launchpads. In particular, it emphasises security in an industry often marred by fraudulent activities.
Some of their pioneering 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 also be included to secure team tokens for projects launching on their platform.
As part of this partnership, Karma has chosen FlokiFi Locker as its primary token and LP (Liquidity Provider) locker protocol for their launchpad platform. Notably, Karma has already committed to locking 100% of its LP tokens with FlokiFi Locker for a six-month period and 32.9% of its tokens for three months.
Moreover, Karma will enforce the integration of the FlokiFi Locker protocol. This will make it mandatory for projects launching with them to secure their tokens and LP using this robust security solution.
Floki and Karma Simplify DeFi Entry
Floki, recognizing Karma’s commitment to security and innovation, expressed enthusiasm about this partnership. It marks the beginning of a promising collaboration aimed at elevating the security standards within the crypto and DeFi sectors.
Karma, with its flagship product KarmaPad, will prioritize investor safety and simplifying the token presale process. By incorporating cutting-edge security features and strong investor protections, Karma aims to make crypto launches more secure and enjoyable for all participants.
The FlokiFi Locker protocol, on the other hand, is a secure and innovative crypto locker solution designed for locking Liquidity Pool (LP) tokens, NFTs (Non-Fungible Tokens), and fungible tokens. Powered by the FLOKI token and integrated with the ERC-1155 standard, FlokiFi Locker offers robust security for various crypto assets.
With this strategic partnership, Karma and Floki are poised to enhance the security and reliability of DeFi projects, fostering a safer and more trustworthy environment for crypto enthusiasts and investors.
Read Also
Regulatory Karma May Come to SEC as Lawmaker Pushes for Investigations
Floki’s Latest FlokiFi Locker Upgrade Preps to Make Its Mainnet Launch
ArbDoge AI Partners with Floki, Transforming Crypto Launch Dynamics
Floki Breaks the Bank With Sudden Price Surge With Promising Roadmap
<strong>3 Reasons Why Reddit Could Become the Next Crypto Social Hub</strong>
The post Floki and FlokiFi Locker Boost DeFi Security with Karma Partnership appeared first on Crypto News Land.