Thanks a lot for actively participating in the Unique One AMA held on 25th Oct 2022 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with Unique One
We have with us Charanjot and Alexander
Unique One started as a purely decentralised NFT platform in 2020 enabling artists, collectors, traders to learn, socialize and grow together.
The project was conceived in 2020 during the Covid19 pandemic when amid lockdowns and strict movement restrictions, artists or content creators were not able to work or earn. The idea was to provide a platform for these individuals to monetize their creations without paying high platform fees.
At this juncture the NFTs which you are now familiar with today were still in their infancy. In order to fulfill our vision to provide an avenue for creators to monetize or profit from their creations without exorbitant fees, we built our first NFT Art Marketplace. This was then followed by UniqueOne.Photo, which put an emphasis on photographers and protecting their work with licenses.
Our goal at that point was to ensure that each and every artist’s works got the recognition and publicity it deserved. There were no egos on curation nor profit making but just an emphasis on merit and giving back to the community.
The Unique platforms were developed by a team of volunteer community artists, developers, designers, marketers, and project managers with deep involvement and experience in the crypto space.
Fast forward 2022, we are now in the process of launching our Substrate application blockchain on the Octopus Network built on NEAR. The Octopus Network is a multi-chain, interoperable crypto network for launching and running Substrate-based application-specific blockchains, also known as; appchains.
We aspire to become the most functional multi-chain capable NFT marketplace in the Octopus Network and NEAR ecosystem.
This is possible by combining elements of Trading (buying & selling of NFTs), DeFi and the Metaverse with NFTs.
do what they do best with the necessary support and tools to get their work out to the public at large.
You can learn more about our marketplaces here : https://uniqueone.network/
To learn more about us, you can navigate to our documentation section here : https://docs.uniqueone.network
Please find our guild information here on Near Forum
https://gov.near.org/t/introduction-uniqueone-network-community-guild/26096
Q1. Currently there are several projects that are similar to Unique One, such as Opensea and Rarible. What is your strategy so that the relatively new Unique One can compete with other projects? What advantages does Unique One have compared to others?
fair enough! let me start with this: UON is not such a new project per se. We are in the NFT space from 2020 and currently we are moving to be an appchain on Octopus network. Additionally, Opensea is an aggregator unlike Rarible. However, talking of competition, UONs has a few big pluses on our side
first of all, We will be launching on our own substrate based chain. Having one's own chain and not sharing bandwidth/speed of transactions with others increases the throughput, thereby enhancing end user experience.
Secondly, We have been in the NFT space for a long time and have our own marketplaces on ETH, Polygon, BSC, xDAI and that is good experience in handling NFT marketplaces.
We are fully integrated with our community. The community council and DAO makes sure that each of our community members has a say in the governance of UON and its future.
We have a very active community since 2020 and will continue to talk to the community and resolve any issues which might possibly arise as we continue our journey in this space.
More importantly, We support artists/creators alike and showcase them in order to support our original ethos of “By the community, for the community”.
To add to this, a community is the most important part of a project. Without community support most projects don't go very far, and us being around so long speaks for itself.
Q2. What makes STAKENET , a product of @UniqueOne, stand out from other staking dapps on Near protocol? As we know, Stader, LiNEAR, Metapool are pioneers in this service with juicy APY and use case of staked token across DeFi on Near?
Basically StakeNet is the solution we mentioned in our previous AMAs. It was developed together with another solutions provider and will serve as means to allow $UNET holders access to DeFi activities after the IDO.
While we acknowledge that Stader, Linear and metapool are other liquid staking solutions for NEAR
StakeNet is meant to be an additional option on NEAR not a direct competitor. We believe that the NEAR ecosystem is still nascent and has room to develop.
NEAR still needs a lot more solutions to secure more liquidity in the future.
As such, we believe all of us are strategically placed to ride the next wave of growth.
We believe that it will be the first of its kind near-native staking contract that will provide Staking-As-A-Service (SAAS) solution addressing staking, vesting and rewards. By the means of SAAS, we empower project owners with the aforementioned services along with swap and stake customization. In other words, tokens transferred via rainbow bridge with NEP-141 labels are allowed to use our SAAS features through swap and vest, a unique vesting feature that we designed to curb inflation.
StakeNet aims to be the one of the top staking and vesting apps for the Near + Octopus Ecosystem. We envision hundreds of Octopus app-chains and thousands of projects in the growing Near Ecosystem.
Decentralised projects need to incentivise users for adoption and liquidity which requires staking, liquidity mining and reward vesting contracts to incentivise participants in a sustainable way. StakeNet plans to fulfil this requirement.
Customisable vesting schedule for rewards, evolved UI/UX and visualisation tools would help projects immensely in the adoption of these incentive programs while saving a lot of dev resources for teams.
Stakenet will allow any project on the Near ecosystem to create their own token incentive programs. Like single asset staking and Liquidity Mining/Farming with custom vesting and reward schedules etc
Q3. I see that Unique One is enabling the composable transfer of value from $OCT. Can you explain to us what will be the mechanics to make this possible in a transparent and secure way? What role will your UniqueOne_UO protocols play within your ecosystem?
I will take that one. To be honest, i wasn't able to understand the question clearly, however, i will try to answer to best of my ability, unless this needs to be rephrased Gary!
If you’re referring to how our value proposition works being on the Octopus Network, we decided to build on Octopus for its speed, security, scalability, and reasonable cost. This is a no-brainer option for us than having to build our own chain from scratch.
If you’re referring to the $OCT token mechanics and how it links to UON ecosystem and symbiotic transference of value, I would say it works on the network effects. What I mean by that is if you go to https://mainnet.oct.network/appchains, all the chain activity is there between the appchains and octopus mainnet.
For $OCT token holders, you may participate as a validator and delegator and stake $OCT tokens on our UON appchain when our mainnet goes live right after the IDO.
That brings in immediate on-chain utility
This would earn you rewards in our nep141 native $UNET tokens which would carry multi-utility on UON, Octopus Network, NEAR protocol, Aurora and others as we link up more collabs and partnerships!
I hope this answers your question, if anything else remains, you can always hop onto our telegram and gruel us.
Q4. Hackers are very active in the market and almost everyday we hear about another hack attack. Can you please give some information about the security system of Unique One? How safe are the funds of investors? Do you already have an audit?
As far as Audit is concerned, The appchain code is audited by Octopus network.
Once the audit is completed, only then can an appchain candidate go to the next phase, which is voting, booting and running phase in that sequence. In case some issues are found in the code, we are simply guided to make necessary amendments and sent back for an audit.
Once fully audited and passed, we can proceed further. You can read more about the process at https://docs.oct.network/guides/appchain-startup.html#appchain-startup
Regarding the fund, The IDO fund raise will be managed using AstroDao multisig function. Astrodao is audited by Halborn Blockchain Security audit firm. You can request details of the audit at https://t.me/astro_near
Q5. What is the revenue model of project? In which ways do you generate revenue/profit? So many projects just like to speak about the "long term vision and mission" but what are your short terms objectives? What are you focusing right now?
So to begin, we do not charge any fees on NFT sales from artists for our earlier marketplaces. This is in line with our commitment to support the artist and creator community. We intend to replicate this model in the upcoming marketplace in NEAR.
Our experience with the previous marketplaces has helped us optimise our operational costs and we believe that the fees we collect from marketplace activities (buying/selling, trading) is enough to keep the platform running. We also have B2B initiatives to bolster our expenses.
However, we will have a DAO where the community can weigh in on how to optimise our revenue which includes revisions of fees in the future.
As for our short term goals and objectives:
Right now, our main focus is the creation of our appchain and launching our UoNo NFT marketplace.
Our upcoming IDO on the 30th will help bolster the resources we need to grow and develop the appchain.
The next important phase is community building in which we designed a myriad of activities to increase the engagement over our diverse communities.
We intend to leverage on the communities we've already built to help build brand awareness and spread the word on our ethos:
By the Community. For the Community!
Q6. The value of the community is important to your project. So, do you consider feedback from the community? And who is your project's target consumer audience?
Yes. It is our core ethos. We build for our community and it is the community who benefits. So yes, community feedback is very important.
We listen and we will try our best to act on the suggestions from the community. We have also established a community council to streamline the communication between the community and the project team.
Our target consumer audience is anyone who appreciates art and would like to support genuine artists and content creators. We work with multiple artist collectives to help get their work out to our community.
Q7. Where is your team originally form and are you a global project or not? Do you have international community apart from english?
Yes, we are a global project. Our team comprises of professionals in the tech industry from a variety of different countries.
On the international community front, we have community managers from various countries and we hope that everyone from any part of the world will join our community and participate in our events. Our diverse team should be able to cover most nationalities.
Q8. As a new small investor on cryptocurrency market and projects I would like to know if your project is just for elite investors or is it for almost anyone to join in ?
Our IDO rounds are open to all investors regardless of status, as there are no VCs involved. As a matter of fact there is no minimum or maximum limit on what one can invest on Skyward Finance which is one of our IDO platforms.
We haven't planned for buyback, but are open to options if need arises. This would definitely be voted in with the DAO proposal. An initial discussion on this means that we aren't confident on our project, so we didn't see the need for it as yet.
Q9. When and where I can buy your tokens?
Haha....our AMA won't be complete without an answer to this question.
So here's an alpha.
Our IDO will begin on the 30th of October. You will be able to get our tokens on Skyward.Finance. We also will be releasing a statement to update our community on our token sale in Boca Chica.
Do follow our socials to stay up to date with the current IDO news.
Remember to join our Questboard. Questboard is a social interaction platform that incentives community as a whole. Be the lucky ones to complete all quest and win some $UNET & $OCT.
https://uniqueonenetwork-appchain.crew3.xyz/questboard
Join Us!
Telegram : https://t.me/uniqueonenetwork
Twitter : https://twitter.com/UniqueOne_UO
Discord : https://discord.gg/ENWRJ4hhBb
Medium : https://uniqueone.medium.com/
Github : https://github.com/Unique-One-Official
