Lock
The "Lock" function in Zenta-Go allows you to reserve a share of a specific vehicle's rental income by locking your tokens/funds. This means that by locking your tokens, you're not just making an investment; you're directly securing a portion of the revenue generated by that vehicle.
How to Lock and Reserve Revenue:
Browse Available Vehicles: The Zenta-Go Dashboard displays a list of available vehicles in the fleet, each with relevant information like its model, location, and current utilization rate.
Select a Vehicle: Choose the vehicle you wish to reserve revenue from. Consider factors like the vehicle's potential rental demand and its projected performance.
Choose Your Investment Amount (in Tokens): Specify the amount of ETH, CHAIN, USDT, DAI, or other accepted platform tokens you want to lock towards the selected vehicle. Please note that there is a minimum investment amount required to reserve revenue from each vehicle. This minimum amount will be displayed on the dashboard for each vehicle and may vary depending on the token selected.
Confirm the Transaction: Review the details of your reservation, including the vehicle you've chosen, the amount of tokens you're locking, and the associated lock period. Once you're satisfied, confirm the transaction through your connected web3 wallet.
Understanding the Lock Period and Revenue Reservation:
When you lock your tokens/funds, you are effectively reserving a portion of that vehicle's future rental revenue for the duration of the lock period. During this period, your locked tokens/funds are committed to the chosen vehicle and cannot be withdrawn. This lock period is essential for maintaining the stability of the ecosystem and preventing short-term speculation. Your reservation of revenue begins generating rewards based on the vehicle's rental activity immediately upon successful locking.
Last updated
Was this helpful?