First Ledger Documentation
  • 🤔What is First Ledger?
  • 📨First Ledger Set Up
  • 💰Wallet Setup
  • 👜New Wallet
  • ⛓️Linking your social accounts
  • ☝️Funding a New Wallet
  • 📤Importing a wallet
  • Migrating Wallets (TG Mini-App Users)
  • 📈Trading
    • 😄Buying
    • 📈Tracking PnL
    • 📉Selling
  • ⚙️Settings
  • 🧊Slippage
  • 📼Preset Buys
  • ☑️Wallet Encryption
  • 🪙Point System
  • ⛽Fees
  • 👫Referrals
  • 🪙Launching a coin
  • 🧐First Ledger FAQ
    • 1. How do i withdraw XRP from First ledger?
    • 2. What happens if a token I purchased rugs?
    • 3. What does it mean when a project removes liquidity?
    • 4. What does locking or burning liquidity mean?
    • 5. Why am I missing 2 xrp when I'm trading a token?
    • 6. How can I import my First Ledger into another XRPL-supported wallet?
  • 📜Terms and Conditions
Powered by GitBook
On this page
  1. First Ledger FAQ

4. What does locking or burning liquidity mean?

When the creator burns (sending the tokens back to the blackholed issuing wallet) or locks (escrows) the liquidity for a certain amount of time. While the token can still be a rug, the creator cannot remove their initial deposit within the liquidity pool.

Previous3. What does it mean when a project removes liquidity?Next5. Why am I missing 2 xrp when I'm trading a token?

Last updated 1 year ago

🧐