Token Tool by Bitbond
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Create ERC20 Token Locker on Ethereum

Lock tokens to disable them from being moved for a certain period of time
Lock LP or founder tokens to show commitment to your project
Lock team tokens for a specified time
Create confidence with investors
Share token lock information via publicly accessible web page
Create token locker product documentation
To create a token locker, Connect Wallet first

Lock Tokens on Ethereum FAQ

A token locker is a smart contract deployed on the Ethereum blockchain that securely holds ERC-20 tokens in a designated wallet or contract for a specific duration. This prevents the tokens from being transferred or moved until the lock is released. Token lockers are often used to build trust by guaranteeing that tokens can't be accessed or sold by the project team or any unauthorized party during the lock period.

Token lockers are valuable tools for preventing malicious activities like rug pulls on the Ethereum network. By securely locking ERC-20 tokens for a set period, they provide transparency and reassurance to investors. They demonstrate that the project team or token holders cannot access or withdraw the tokens prematurely. Token lockers are frequently used for liquidity tokens (like those from Uniswap or Sushiswap), team tokens, or token vesting schedules on Ethereum.

Locking LP (Liquidity Provider) tokens on Ethereum means placing the ERC-20 tokens you've received for providing liquidity to a decentralized exchange (DEX) liquidity pool (e.g., on Uniswap, Sushiswap, or Balancer) into a token locker. This guarantees that the liquidity cannot be removed or manipulated for a specified time, which helps establish trust and security in your Ethereum-based liquidity pool.

Creating a token locker with Token Tool on Ethereum with Token Tool is straightforward. Connect your Ethereum-compatible wallet (like MetaMask), select the ERC-20 token you wish to lock, and specify the lock parameters, such as the lock duration. Token Tool offers a user-friendly interface to set up and deploy the locker smart contract to the Ethereum blockchain. Remember to have sufficient ETH in your wallet to cover the fees associated with deploying the contract and locking the tokens.

Yes, you can customize the settings of your Ethereum token locker during its creation. Typical options include the lock duration, token quantity. Once the locker smart contract is deployed, these parameters cannot be changed, so it's crucial to configure them correctly from the start.

No. Once ERC-20 tokens are locked in a token locker smart contract on Ethereum, they cannot be transferred out until the lock period expires. The core purpose of a token locker is to restrict token movement during the lock period to ensure security and trust.

Yes, token lockers on Ethereum are secure because they are built using blockchain-based smart contracts. These contracts, deployed on the Ethereum network, ensure that the tokens are locked and cannot be tampered with or accessed until the predefined conditions are met. However, it's essential to use trusted platforms like Token Tool to ensure the smart contracts are well-constructed, audited, and have no known vulnerabilities.

To access your Ethereum token locker, simply log into your Token Tool account and connect your Ethereum-compatible wallet. You can manage or view the status of your token locker directly from the Token Tool platform. You can also interact directly with the smart contract on the Ethereum blockchain using tools like Etherscan.

No, once a token locker smart contract is created and ERC-20 tokens are locked on the Ethereum blockchain, it cannot be deleted. The tokens will remain locked until the end of the lock period. After the lock period expires, the tokens are released, you can withdraw the tokens and the locker becomes irrelevant.

You can't directly share access to manage your Ethereum token locker. However, you can generate a shareable link when you create the locker that you can send to your investors. This link displays token lock information, such as the token address, token lock address, amount locked, lock date, and unlock date, all verifiable on the Ethereum blockchain.

No, the Ethereum token locker contract source code is not verified by default. However, you have the option to verify it after creating your token locker. To verify the source code, click the "Verify Source Code" button and choose between paid options (removing Bitbond branding or adding custom branding) and a free version (keeping Bitbond branding). This action is irreversible, so choose carefully. After selecting your option and paying the fees (in ETH), the locker contract source code will be verified on Etherscan (or the relevant Ethereum block explorer). This allows anyone to independently audit the contract's code.

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