⚙️Timelock Principle

This page describes the timelock principle that protects the token-holders from unexpected changes.

Timelock is another mechanism of BET token holders' protection. Timelock gives users space to prepare for the change that was confirmed by a quorum of owners based on

Technically each contract is executed by timelock.

Betfin timelock conditions:

• Betfin has only one timelock principle for all contract-related transactions.

• After the quorum signs certain transactions then there is 24 24-hour period when the transaction is waiting to inform the community.

• After that 24 hours of waiting time, there is 72 hours of space to execute the transaction.