How to lock Solana token without code? 【 SPL or LP Token 】
If you are looking to lock a Solana token, here you will find a step-by-step to do it in a very easy way. Whether you want to lock an SPL token or you want to lock the liquidity (LP token), the Solana Token Vesting tool from Smithii Tools will be your best solution.
First, let's see in 2 minutes in which case token locking can be used in the Solana lockchain.
Why lock Solana Token?
There are two more established use cases, blocking a standard token (SPL token) as a tokenomics strategy to maintain the long-term health of the project or blocking liquidity (LP token) to avoid liquidity manipulation and give credibility to investors.
When you lock a token or liquidity with the tool I am going to show you, you are granted a visible certificate on the lockchain to accredit that lock.
Let's look at each particular case:
lock SPL Token
The SPL token is the standard Solana token, by which we mean any token or meme coin on the Solana blockchain. As we saw before, blocking a part of the supply can be essential for the health of the project.
An example is the blocking of tokens from a private sale, the tokens designated to advisors or other destinations linked to marketing, i.e. those tokens that will not go to the liquidity pool and their blocking for a prudent period of time will benefit the health of the economy by preventing excessive selling pressure.
These tokens will be released progressively, as you have determined at the time of blocking and will be automatically received by the wallet you have designated. This action is known as vesting.
lock LP Token
The LP token is the pair of liquidity tokens that you receive when you create a liquidity pool. A measure that provides credibility for investors is to burn or block the LP tokens, since whoever has them in their possession can remove the liquidity at any time, something that happens in the famous rug pull.
In short, when we say locking LP token we mean locking liquidity.
How to lock Solana token step by step
To lock Solana token we will use the online Solana Token Vesting tool (https://tools.smithii.io/token-vesting/solana) from the Smithii Tools suite and you will be presented with the following interface:
- Connect your wallet.
- Select the token you want to lock.
- Select lockout time (start date and end date)
- Enter the number of tokens to be locked.
- Enter the acquisition URL (if I use "smithii", the acquisition URL will look like this: https://tools.smithii.io/token-vesting-panel/smithii)
- Configure "Add vesting periods" (optional)
- Set "receiver wallets" (optional)
- Add certificate information (social links and tokenomics, optional)
- Click on the "Create Vesting" button.
- Confirm transaction for 0.1 SOL + fees
Following these steps, the token locking process will begin. In a few seconds, the process will be finished and you will see the award certificate that you can share with your community, this will make investors trust you and your project.
You can repeat the action as many times as you need according to your tokenomics, either because you need to define a larger number of vesting periods, different amounts for receiving wallets or you simply want to manage separately the different amounts of blocked tokens.
How to lock liquidity in Solana step by step
To lock the liquidity in Solana we will also use the online Solana Token Vesting tool (https://tools.smithii.io/token-vesting/solana). As we said before, locking SPL token liquidity is mandatory for the credibility of your project:
- Connect your wallet.
- Select the LP token you want to lock.
- Select lockout time (start date and end date)
- Enter the number of tokens to be locked (all tokens are recommended).
- Enter the acquisition URL (if I use "smithii", the acquisition URL will look like this: https://tools.smithii.io/token-vesting-panel/smithii)
- Configure "Add vesting periods" (optional)
- Set "receiver wallets" (optional)
- Add certificate information (social links and tokenomics, optional)
- Click on the "Create Vesting" button.
- Confirm transaction for 0.1 SOL + fees
After completing these steps, your Solana liquidity tokens will be locked until the completion date, which will be visible on lockchain. In a few seconds, the process will be finished and you will see the award certificate that you can share with your community, this will make investors trust you and your project.
lock Solana Token with Solana Token Vesting
Solana Token Vesting is a tool from the Smithii Tools suite. It has been audited by CoinFabrik and has thousands of users every month. By using it you will only compromise the amount of tokens you have allocated to blockchain and transaction fees, all your other assets are safe.
It is useful to lock that portion of the supply of your SPL tokens destined to marketing, to apply a strategic vesting or to lock the liquidity of your Solana token. The best thing is that you will do it without programming and with a simple and friendly interface.
Can you lock tokens in Solana?
Many users wonder if it is possible to lock tokens in Solana as it is a singular lockchain, different from EVMs like Ethereum or those layer 2 ones that are older and with more users.
As you have seen, yes, it is possible and can be done easily and without programming knowledge with Solana Token Vesting from Smithii Tools.
How to lock LP in Solana?
You may wonder how to lock LP in Solana (Liquidity Pool), in short it is the same as saying "lock liquidity" and as I showed you in this post, it is very easy to lock LP in Solana with Smithii's Solana Token Vesting.
How to lock LP on Raydium?
Most Liquidity Pools are created on Raydium, Solana's most popular decentralized exchange. Regardless, you will be able to lock LP on Raydium as long as you have the token pair or liquidity token (LP token) in your possession.
Regardless of the exchange where your Liquidity Pool is located, you will be able to lock liquidity using Smithii's Solana Token Vesting.
Now tell me: In which other case would you use Solana Token locking?
As we saw in the post, locking tokens in Solana is useful, but doing it on a secure platform can be a challenge. I recommend using Solana Token Vesting from Smithii Tools to lock any SPL token, Solana LP token or perform vesting.
In what other case would you use a token lock in Solana? We read you!
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