How does HOTFI realize the lock and release of BRC20 tokens?

HOTFI plans to incorporate the locktime method from the Ordinals protocol, specifically utilizing the Unspent Transaction Output (UTXO) locktime feature. This approach involves locking BRC20 standard tokens for a predetermined period of time and subsequently releasing them as per the specified time frame.

By leveraging the locktime functionality within the Ordinals protocol, HOTFI enhances the platform's capabilities in managing and controlling the movement of BRC20 standard tokens. This mechanism allows users to lock their tokens for a specific duration, providing a method for time-based token management and ensuring the tokens' availability only after the predefined locktime period has elapsed. This approach adds an additional layer of security and control for users' assets on the HOTFI platform.

Indeed, HOTFI's application of the locktime mechanism extends beyond user-centric functionalities and includes token management strategies. By implementing the locktime feature on BRC20 tokens, HOTFI aims to ensure a balanced and healthy market liquidity.

Locking BRC20 tokens for a designated period can serve as a preventive measure against excessive selling pressure that might lead to sharp price fluctuations. This controlled release of tokens over time can mitigate the potential negative impact of sudden and significant token movements in the market.

Through this strategic use of the locktime mechanism, HOTFI contributes to stabilizing market conditions, fostering a more sustainable and stable trading environment for BRC20 tokens. This approach aligns with the platform's goal of promoting a secure, efficient, and user-friendly decentralized trading experience.