A Smart Contract for locking up the trading of Cryptocurriences for certain amount of time for the betterment of crypto-users.
Frequently, We come across people who invest in cryptocurriences and failing it to do it in a long term manner.
So, people are not getting their profit that execeds their margin amount.
Our team aspiring a solution for rectifying it by creating the CrypToLock .
We created a time lock smart contract would be a wallet that would keep your crypto assets locked for a certain amount of time.
1 That means you won’t be able to withdraw your crypto assets even if you want to do .
2 We can use such wallets for multiple reasons.
3 One of the biggest applications of this time lock wallet is to prevent you from selling your crypto assets on the crash of the market.
4 When the market crashes people tend to sell their crypto due to the fear of losing all their invested money.
5 But we all know that if we want to make some really high profit in crypto we need to be able to hold it for a very long time.
6 One way of doing this is to lock your crypto in a time lock wallet. In this way, you won’t be able to withdraw it for a certain amount of time.
7 This feature will also allow you to turn transfers on and off to prevent snipe bots, attacks.
We built our CrypToLock using solidity,HTML,CSS .
We were completely new to this field . As beginners ,we faced many errors in our progress such as creation of suitable smart contracts.
We learnt that building a smart contract is not an easy task never ending process of adujusting small bugs.
We are proud of contributing useful solutions to the crypto-ecosystem.
We learned how to use ETH Gas efficently for the block chain transaction.
We have learned that the nature of the crypto market is unprdeictable.
Our aim is to upgrade our CrypToLock as a plugin which will be suitable for all kind cryoto based Applications .