Lokr, formerly known as Polkalokr, aims to bring trust and simplicity into an unregulated and complex space through its integrated, multi-chain token locking and escrow platform with built-in privacy.
Lokr provides projects and individuals with a full suite of tools to manage their token economies — whether it be token creation, distribution, creating cross-chain bridging solutions or trustless escrows, Lokr has them covered.
The LKR token powers the Lokr ecosystem where LKR holders are entitled to various benefits including premium products and services, rewards or discounts from staking LKR or paying with LKR, and rights to influence project decisions. 10% of network fees will be used to buyback and burn LKR, decreasing the circulating supply.