⚙️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 quorum of owners based on

Technically each contract is executed by timelock.

BetFin timelock conditions

• BetFin has only one timelock principle for all the contract related transactions

• After quorum signs certain transaction then there is 24 hours period when the transaction in waiting to inform the community

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