> For the complete documentation index, see [llms.txt](https://pulse-capital-2.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pulse-capital-2.gitbook.io/whitepaper/the-ecosystem/stock-lock.md).
# STOCK Lock
The STOCK Lock system in Pulse Capital offers users flexibility in managing their STOCK tokens by providing two options: selling the tokens or locking them to avoid tax penalties. This system is designed to encourage long-term participation and sustainable growth within the platform while giving users the freedom to choose their preferred strategy.
### 1. Purpose of STOCK Lock
The STOCK Lock is designed to incentivize longer holding periods for STOCK tokens, reducing the 5% sell tax that is applied to immediate sales. This lock mechanism:
* Rewards users with tax-free conversion after a 14-day holding period.
* Discourage frequent selling and to promote long-term commitment to the ecosystem.
### 2. Locking Mechanism
To avoid the 5% sell tax, users can choose to lock their STOCK tokens for a period of 14 days. During this lock period, the tokens remain inaccessible, but once the lock expires, users can claim their STOCK tokens back into LP tokens without incurring any tax.
* **Lock Duration:** Users commit their STOCK tokens to a 14-day lock period.
* **Tax-Free Conversion:** Once the lock period is complete, users can reclaim their tokens as LP tokens without incurring the 5% sell tax.
* **Transparency:** Users can monitor the status of their locks, including duration left and the claimable date, directly in the LOCK dashboard.
### 3. Using STOCK Lock: Step-by-Step
* **Step 1:** Select the amount of STOCK tokens to lock. Users can view their available wallet balance and specify the number of tokens they wish to lock.
* **Step 2:** Confirm the lock by clicking “Lock Tokens.” Once confirmed, the 14-day lock period begins, and the tokens are inaccessible during this time.
* **Step 3:** Track the lock status in The LOCK section of the dashboard. This section provides information on the token amount, duration, and time remaining until the lock expires.
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