About Locker Token Platform
Locker Token allows players to access the world of crypto, allowing them to receive their salary in the form of crypto, which won’t be taxed until it is withdrawn and transferred to a fiat currency. Furthermore, funds held on the platform will appreciate by up to 20% per year for the player.
Locker Token allows users to support the team they love, all while adding an exciting new type of collectible to their collection, sports NFTs. Additionally, fans can use the Locker Token platform to send and receive crypto and even use Locker for DeFi activities like staking.
Locker Token benefits teams at the enterprise level by providing a cryptographically secure global payment system with low transaction costs. Teams can now send and receive crypto worldwide in seconds, revolutionizing how teams manage the business.
LOCKER is a cryptocurrency like Ethereum’s ETH or Polygon’s MATIC. Thus players and fans can use LOCKER to participate in various crypto activities like Money Transfers, Marketplace Sales, Contract Agreements, Milestone based payouts, Salary Escrow Holdings, Borrowing and Lending, Community Votes, and much more. Head over to the LOCKER Dashboard to power your tokens.
Non-fungible tokens (NFTs) are blockchain-based cryptographic assets having unique identification codes and information that separate them from one another.
They cannot be traded or swapped at par with cryptocurrencies. This is in contrast to fungible tokens like cryptocurrencies and fiat currency which are identical to one another and may thus be used as a medium for economic transactions.
NFT Sports cards are taking the sports industry by storm. NFT sports are blockchain-created, verifiably unique digital assets that represent digital trading sports cards, digital memorabilia, sporting moments, and other types of sports items.
For Teams and players, Locker Token enables the creation of valuable sports NFTs with a click of a button. Teams and players must first download the Locker Token Ecosystem App, create a wallet, and follow the prompts on the “NFTs Creator” menu. See our Medium blog on How To Buy NFTs for further details.
Currently, we are partnered with hockey teams to provide fans with a hockey NFT experience. Our hockey NFTs provide the same value as our other NFT sports collectibles, a unique NFT symbolizing and supporting the teams fans love.
Despite currently being partnered with hockey teams, we welcome all kinds of sports clubs to the Locker!
Sports NFTs give users the power of immutability. Locker Token NFTs aren’t like your grandpa’s dusty old trading cards. Sports NFTs will never wear, break, or discolor for as long as the blockchain is running. In addition, the funds used to purchase Loket Token sports NFTs are used to support the teams directly.
A blockchain is a distributed, cryptographically secure database structure that enables network users to create a trustworthy and immutable record of transactional data without the need for middlemen. A blockchain can perform services other than transaction resolution, such as smart contracts. Smart contracts are digital agreements contained in code that can have an infinite number of forms and circumstances. Blockchains have shown to be superior solutions for securely organizing data. Still, they are also capable of much more, such as tokenization, incentive design, and attack resistance. The Bitcoin blockchain was the very first, representing the result of nearly a century of advances in encryption and database technology.
When a digital transaction happens on a blockchain network, it is joined together with other transactions that occurred in the same time period in a cryptographically secure “block.” After that, the block is broadcast to the network. Nodes or participants in a blockchain network validate and transmit transaction information. Miners, who utilize computational power to solve a cryptographic problem and validate the block of transactions, validate the block of transactions. Each confirmed block is linked to the preceding verified block, forming a chain.
A seed phrase is a collection of 12 to 24 words that can be used to gain access to funds in a cryptocurrency wallet. It is also known as a recovery phrase or seed recovery phrase because it is used to recover cryptocurrency funds should the device with the Locker Token Ecosystem App ever go missing.
So if you ever lose the mobile device you interact with Loker Token, don’t worry. Your funds are safe, as they exist on a blockchain, not the application.