• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    decentralized exchange trading

    Decentralized exchange trading lacks infrastructure despite rapid growth

    Binance Coin price

    Binance Coin price prediction: BNB to fall further as $220 support withers

    Bitcoin whale

    Bitcoin Whale moves 7,073 BTC to cold storage

    Binance

    Binance launches support for ADA upgrade

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase 1

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

    Digital Yuan

    Digital Yuan-themed scam: Chinese police warns residents to be careful

    Institutional investors

    Institutional investors move 13,000 BTC from Coinbase to cold storage

    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    decentralized exchange trading

    Decentralized exchange trading lacks infrastructure despite rapid growth

    Binance Coin price

    Binance Coin price prediction: BNB to fall further as $220 support withers

    Bitcoin whale

    Bitcoin Whale moves 7,073 BTC to cold storage

    Binance

    Binance launches support for ADA upgrade

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase 2

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

    Digital Yuan

    Digital Yuan-themed scam: Chinese police warns residents to be careful

    Institutional investors

    Institutional investors move 13,000 BTC from Coinbase to cold storage

    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Industry News

LID Protocol offers protection against crypto scams

Kamsi King by Kamsi King
November 15, 2020
in Industry News
3 min read
LID Protocol
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

● LID Protocol can help protect DeFi token holders against crypto scams.

● The platform offers a layer of protection that was earlier thought to be impossible.

RelatedPosts

How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

Crypto industry reaches a milestone of 100 million users

How ethbox Could be the Future of OTC Trading

The Revolution will be Livestreamed

In recent times, crypto scams have grown exponentially. Thousands, if not millions, of crypto assets holders have had their crypto holdings lost to one crypto scam or another.

While many have been asking the authorities to strengthen the regulations guarding the operations of these crypto firms, there appears to be a solution in sight that could better protect investors from these common scams, especially when they are patient enough to pay attention to the intricacies of the token they are investing in.

One easy and sure way investors could better protect their investments would be to look out for tokens that have a locked liquidity platform.

A locked liquidity platform operates solely for the benefits of the Uniswap holders. On this platform, users would be able to deposit liquidity in exchange for an extra layer of protection. This layer of protection acts in the mould of an insurance for its holders.

One of the leading locked liquidity platforms is the LID Protocol that offers a sense of protection that is unmatched.

How LID Protocol works

LID Protocol, also known as Liquidity Dividends Protocol, offers a “Proof of Liquidity” to its holders. This proof of liquidity helps to solve issues pertaining to scams and also liquidity issues that were commonly associated with Uniswap.

LID Protocol’s proof of liquidity works in such a way that developers of a token would be unable to withdraw the liquidity on their tokens(projects) for a period of time.

The proof of liquidity ensures that would-be scammers would find it difficult to be able to scam investors off their tokens or their money as their liquidity would be locked in to the developed token. This locked liquidity would be geared towards the development of the platform while also promoting innovation on the platform.

In essence, investors can be rest assured that they are investing in a secure and legitimate token that would not suddenly pull their tokens or money. Due to the fact that liquidities cannot be cashed out prematurely, investors would feel more confident to invest more in the tokens which invariably would increase the worth of the token.

 LID Protocol has also announced a new product that it developed with the aim of combatting rug-pull scams. The product is called LIFTOFF. The new product reinforces the mother project goal of providing a safe and secure DeFi space for not only investors but also for all market players in the industry.

The Protocol still has LID DAO in the offing. The LID DAO currently has 30 million tokens of LID available to the DAO. The DAO would ensure that the LID Protocol remains decentralized and also free from any form of any external interference.

All of this partnership and projects being carried out by the LID team have shown that the Protocol is determined to remain at the forefront of groundbreaking technology in the protection of investors. And as such, the Protocol will continue to enter into different strategic partnerships while at the same time developing groundbreaking projects that can help it achieve its aim.

Kamsi King

Kamsi King

King Kamsi is a fintech and digital currency writer and enthusiast. He is keenly interested in blockchain and cryptocurrency and their global adoption. When not busy with writing, he can be found hobnobbing in forums with the best minds in crypto, both developers and startup founders.

Related Posts

How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase 3
Industry News

How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

February 27, 2021
Crypto
News

Crypto industry reaches a milestone of 100 million users

February 26, 2021
How ethbox Could be the Future of OTC Trading 4
Industry News

How ethbox Could be the Future of OTC Trading

February 26, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

decentralized exchange trading

Decentralized exchange trading lacks infrastructure despite rapid growth

February 28, 2021
Binance Coin price

Binance Coin price prediction: BNB to fall further as $220 support withers

February 27, 2021
Bitcoin whale

Bitcoin Whale moves 7,073 BTC to cold storage

February 27, 2021
Binance

Binance launches support for ADA upgrade

February 27, 2021
How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase 5

How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

February 27, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 6

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.