Unicrypt and Platinum join forces to create token-locking mechanism for Solana
Wednesday 25 August, 2021Being at the forefront of the decentralized finance industry, Unicrypt has developed disruptive products that boost the security of token circulation in DeFi projects. For creating the token locking feature, it has selected Platinum Software Development Company’s engineering team. Platinum plans to transfer the EVM-compatible solidity code (kindly provided by Unicrypt) into the Rust programming language. This partnership will help them expand their range of decentralized finance services and develop highly demanded utility tools for Solana-based projects.Rich tech experience for ground-breaking resultsCompanies are making a great shift towards multi-blockchain technologies and Solana is one of the most convenient and functional environments for that. This time, the Unicrypt team has decided to develop a well-thought-through token-locking mechanism on Solana. Here’s where Platinum’s engineering experience and knowledge come into play. Together, the two companies will create an advanced token-locking technology that will power multiple services.
“We are proud to have been chosen by Unicrypt for developing the token locking technology for Solana blockchain. Unicrypt is a very promising startup with great ambitions that it plans to turn into highly applicable services. This collaboration will give us deeper insight into multi-blockchain technologies. We will dedicate our time to mastering the Rust code database since it holds enormous potential for blockchain tech”, said Anton Dziatkovskii, Platinum’s co-founder.
How will this solution serve customers? With the rapid development of DeFi, there’s a large number of market-making platforms and functions appearing on the Solana blockchain. It guarantees the safety and agility that the crypto community needs so much. Unicrypt is striving to develop and present its own solution on Solana. For this purpose, it will share the Rust code base with Platinum devs.
“We are glad to present Platinum Software Development Company, the guys helping us craft the Solana-based, token-locking mechanism. Since our ultimate goal is to create a comprehensive network of Solana-based services, we are eager to share our experience and to guide our partners through the Rust programming environment. Together with Platinum, we will present features that make DeFi a safer haven for investors”, commented the Unicrypt team.About UnicryptEstablished in 2020, Unicrypt provides an exhaustive range of decentralized services, all interconnected across different blockchains. So far, Unicrypt supports Binance Smart Chain, Ethereum, Matic/Polygon and xDai Chain. Its list of multi-blockchain services includes liquidity lockers, token vesting, token minting, farming, staking and a decentralized launchpad.
Unicrypt is trusted by over 7,000 DeFi projects and has $500+ million worth of customers’ liquidity locked in. Over 30,000 users benefit daily from its outstanding services.
Learn more about Unicrypt on their Website, Blog, Twitter and Telegram channels.About Platinum Software Development CompanyPlatinum Software Development Company offers a comprehensive set of DeFi, blockchain and crypto tools and products. Being in the industry for over 5 years, it has a strong team of developers who create innovative solutions for crypto capital management: deposits, staking and farming, analytical tools and so much more. Recently, it has been working on multi-blockchain connectivity and features to power new services and products.
Learn more about Platinum Fund by going to their official: Website, Twitter, Telegram and Blog.Bottom LineToday, DeFi users don’t want to be limited to one blockchain only - they are searching for safer and more efficient profit-making solutions. The partnership between Unicrypt and Platinum will bring about an innovative model of token-locking on the Solana blockchain, thus making it a better profit-making option for liquidity providers. The new solution will power DeFi pools, which will make staking and farming less risky.
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