The "Brewlabs Freezer" is our liquidity locking tool available for communities across the cryptocurrency space to utilise as a safety net by securing liquidity tokens in a time lock contract.
Brewlabs does have the ability to reduce the duration or cancel a liquidity lock at the request of the project, subject to Brewlabs due diligence on the project request.
What is a liquidity locking tool?
A liquidity locking tool allows developers/communities to lock their liquidity tokens within a time secure smart contract for set duration. Locking liquidity tokens in a smart contract reduces the risk that the initial liquidity provider (usually the team) will abruptly withdraw liquidity from the decentralised exchange, therefore ceasing the contract’s ability to transact.
The practice of abruptly withdrawing the majority liquidity tokens from a decentralised exchange pool is labelled "rug pull."
Is there a cost for this tool?
There is a cost to use this tool. Great news though, if you hold the Brewlabs token, you are eligible for a discount! Revenue from this tool is used to reinvest into the project marketing and future development.