Skip to main content

What is a token lock?

To promote fairness, security, and long-term commitment, MoonBags has implemented a three-part token lock system in collaboration with RaidenX. These mechanisms are designed to prevent rug pulls, encourage transparency, and build community trust around newly launched tokens on the Sui network.

1. Creator Lock​

To protect the community from early exits or rug pulls by project creators, MoonBags requires that:

  • When a creator makes their first purchase of their own token, the tokens they buy will be automatically locked for at least one hour.
  • The creator can choose to extend the lock duration if they wish to signal deeper commitment to the project.
  • This lock status is publicly displayed on the Locked Board for full transparency.

This ensures the developer cannot instantly sell or remove liquidity, holding them accountable to the project's success.

2. First buy Lock​

To ensure a fair and stable launch environment, MoonBags also locks all buy orders placed in the first block of a new token:

  • All tokens purchased during the first checkpoint (block) after launch are locked for one hour, regardless of who buys them.
  • This rule applies to everyone, including developers, early investors, and bots, to reduce the risk of immediate dumping or price manipulation.

This levels the playing field and creates a more trustworthy and balanced start for every new token.

3. Self-Lock​

In addition to the automated locks, MoonBags offers a voluntary self-lock feature for community members:

  • Any token holder can choose to lock their own tokens to publicly demonstrate trust in the project.
  • The amount and duration of self-locked tokens contribute to a project’s trust and reputation score on the platform.

This empowers the community to support the project visibly and encourages longer-term participation.

How to Lock Tokens on MoonBags​

Locking tokens on MoonBags is a simple process designed to promote transparency and community trust. Follow these four steps to initiate a lock:

Step-by-Step Instructions:​

Step 1: Access the Token Lock feature.
Navigate to the MoonBags platform and select “Token Lock” from the main menu.

Step 2: Create a New Lock
Click “Create New” to begin a new token lock request.

token-log-1

Step 3: Configure Your Lock
Select the token you wish to lock.

  • Enter the amount of tokens and the duration for which you want them locked.
  • Click “Next Step” to proceed.

token-lock-2

token-lock-3.png

Step 4: Review and Confirm

token-lock-4.png
- Carefully review all lock details.
- When ready, click “Create Contracts” to finalize and activate your token lock on-chain.

How to View Locked Token Information​

MoonBags provides full visibility into all token lock activity. Users can monitor lock statuses via the main chart dashboard.

Key Metrics Displayed:​

token-lock-5.png

1. SHR0 Treasury Locked
Indicates the number of tokens currently locked in the SHR0 treasury.

2. Platform Locked
Displays the total number of tokens locked across the platform by both projects and community members.

3. Locked Details
Provides comprehensive data on individual locks, including:

  • Unlock schedules
  • Wallet addresses that initiated the lock
  • Duration and status of each lock