Whitepapers are an incredibly important aspect of a cryptocurrency and projects development – we at UNIFI DeFi are proud to launch ours, alongside this super-quick summary article!
The cool heads behind UNIFI DeFi have released an updated and improved detailed Whitepaper, outlining the entire vision of the project, technical details, and outlines and explanations that will better help our investors, members and supporters understand the long-term goals of UNIFI DeFi.
Our Whitepaper is as evolutionary and revolutionary as our project itself. This is just version 1 of many versions to come as we develop and grow our project into a world-recognized force for change. As we push forwards with a true DeFi impact, this Whitepaper will change, sections will be expanded upon and entire new chunks will be added, reflecting our evolution and growth.
Here’s a FOUR minute quick guide on everything you need to know about our UNIFI DeFi Whitepaper:
We have a super simple and easy to understand overview and introduction:
This outlines Nitrex, a non-custodial Platform outfitted with all the foundational tools for the management of Decentralized Finances, it outlines Nitrous Layer, a chain agnostic interoperability protocol and UNIFI DeFi as a whole, Decentralized Financial services for digital assets (cryptocurrencies).
We outline liquidity and liquidity provisions (like lending/ borrowing)
The Benefits of lending through UNIFI can be summed up as follow:
- Putting otherwise stale assets to use:
Majority of the Crypto communities abide by the hodl strategies. Participants buy assets, send them from exchanges to wallets, and leave them there doing nothing. Rather than having assets detached from the rest of the crypto economy, UNIFI utilizes those stale assets & brings liquidity back into the open markets.
2. Earning Passive Income:
People accumulate cryptocurrency in hopes that they will benefit from price appreciation. This thinking leads to the aforementioned detachment of assets from economic activity. On the other hand, while assets are lent to the UNIFI DEFI protocol they accrue interest. Given that all risk parameters are properly addressed, users do not risk losing their assets & earn more of them.
We have a section touching on margin trading:
Initially, UNIFI will support 5 assets for Margin trading; Bitcoin (BTC) Ethereum (ETH), US Dollar Tether (USDT), Binance Coin (BNB) & the UNIFIDEFI token (UNIFI).
And, of course, staking:
We have all the juicy, technical details in our pretty sweet staking article HERE.
We expand on our neat Nitrex platform:
Nitrex is the non-custodial platform through which all of the UNIFI application services are provided.
One of the greatest hindrances to adoption of the cryptocurrency industry has always been poor UX/UI. Due to the time-agnostic nature of blockchain technology, blockchains do not natively live on the traditional web infrastructure (blockchains measure progress of the network in blocks).
This goes to mention that the majority of the professional efforts in Crypto have been focused on work for the backend, the functions & operations, rather than on the usability of it. This technological dissonance has caused much difficulty in developing & deploying products that satisfy the non-niche, broader audiences.
Nitrex stands to change that.
And we can’t talk about UNIFI DeFi without touching on the Nitrous Layer!
The Nitrous Layer is a blockchain solution that provides an agnostic VM. It leverages a system called dynamic chain-pegging. Dynamic chain pegging works by opening communication channels between chains and establishing a trade of proofs between them. Simply put, tokens are locked on one chain & minted on another.
All our tokenomics are clearly laid out:
The key points:
- 150,000,000 token total supply
- 60,000,000 tokens locked for staking/ governance (40%)
- 55,000,000 tokens for bootstrap entry/ exit liquidity (36.67%)
- 25,000,000 tokens for marking, developers and bounty rewards (16.67%)
- 10,000,000 tokens for founders allocation (6.67%)
Governance will be great with UNIFI DeFi – we have those details too!
The key element to DEFI systems is fair governance. Governance over a crypto network is the defining aspect of decentralization in a project. Without a governance parameter present, a network cannot be a public good & UNIFI is a protocol built for the public. The UNIFI protocol is controlled, secured, and maintained by stakeholders of the project’s native UNIFI token.
- Submit Proposal - 100,000 UNIFI ( staked)
- Vote on Proposal - 1 UNIFI (locked)
- Proposal Duration – 28 days
- Proposal Acceptance – 5% quorum of total circulating supply
And so, so much more!
Let us know how you got on in our Telegram community, and share about us on social media with our hashtag #UNIFIDEFI or $unifidefi.
As always with UNIFI DeFi, there’s much more news coming soon! Keep an eye out, including big announcements and community discussions. There’s a lot coming up!
UNIFI DeFi website: https://unifidefi.com
UNIFI DeFi Uniswap link: https://app.uniswap.org/#/swap?outputCurrency=0x0ef3b2024ae079e6dbc2b37435ce30d2731f0101
Contract address: 0x0eF3b2024ae079e6dBC2b37435cE30d2731F0101
Like the tide rising, we are inevitable.