# Why Ketju rejected UNCX Network V2

- URL: https://riadefi.com/rejections/uncx-network-v2/
- Exposure: other
- Memo version: v1
- Reviewed: 2026-08-19
- Next review: 2026-11-19

## The memo

REJECTED. UNCX V2 is a token and LP-locking service whose reported $110.2M belongs to many unrelated project owners and unlock schedules. A lock can prevent one specific LP token or token balance from moving before a date; it does not give an advisor a pro-rata claim, guarantee the underlying token, prevent minting or taxes, ensure 100% of liquidity is locked, or preserve a market after unlock. The service is useful evidence about an issuer, not an investable venue.

## What would reopen the file

- A specific locked asset enters the research perimeter and receives its own issuer, token-control, legal, and liquidity review
- The client is the named beneficiary of a lock whose contract, amount, unlock, collection rights, and migration powers are independently verified
- Any locker exploit, unauthorized migration, premature withdrawal, or permanent lock failure opens an immediate review

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Published by Ketju Research (https://ketjuresearch.com). Educational analysis only; not legal, tax, compliance, or investment advice.
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