What is UniCrypt (UNCX)?
UniCrypt Network is a multi-chain protocol that offers users a suite of decentralized services. UniCrypt was originally deployed on the Ethereum network. However, it has expanded its operations to multiple other chains including Binance Smart Chain (BSC), Matic/Polygon, and xDai Chain. The multichain nature of the project enables projects, communities, and token developers to leverage unique features on various tokens that might be suitable for their operation.
Talking about the features offered by the project, for starters, UniCrypt has a decentralized Launchpad for new projects. The ILO Launchpad helps upcoming projects have a hassle-free start to their journeys.
Moreover, UniCrypt provides liquidity lockers, which allow developers to lock their liquidity provider tokens. The liquidity locking function guarantees users longevity and value, as well as protects crypto investors from rug pulls and exit scams.
Another feature offered by UniCrypt is token vesting. This option is available for both token owners and early adopters of technology. UniCrypt token vesting works with the internal ILO platform.
Furthermore, the protocol offers token minting services. The service allows users to create non-mintable tokens that follow the ERC-20 token standard. The process does not require any coding knowledge, making it suitable for any user, despite their level of expertise.
Besides that, there is also the Farm-as-a-Service product that enables project developers to create farming vaults for rewarding liquidity providers.
Lastly, there is also the Staking-as-a-Service product that enables projects to motivate their local communities by creating staking contracts and rewarding users for staking.
UniCrypt token (UNCX) is the native token powering the project. You can view the current UNCX price on the UniCrypt price chart above.
Use Cases of UNCX Tokens
UniCrypt network has a dual token system, the deflationary governance token UNCX, and the utility token UNC. Both tokens are used to pay for services to avoid over-deflation of UNCX, which may lead to an imbalanced ecosystem.
Apart from using it for account management and governance, UNCX token holders can also stake the token to receive a portion of the ILOs collected fees.
Remember to do a thorough UNCX price analysis before making any purchasing decisions. Use the UniCrypt price chart for that.
Who are the Founders of UniCrypt?
The UniCrypt team, led by Uniswap founder Hayden Adams, created UniCrypt in June 2020. The project was launched without any fundraiser or ICO initiatives.
Tokenomics of UNCX
UNCX is a highly deflationary token, meaning that it gets scarcer with time, triggering a rise in UNCX price. The project anticipated an imbalance that would occur due to the over-deflationary nature of the token. Over-deflationary would mean the UniCrypt price would rise so high that many people would be unable to purchase them due to the scarcity. The use of the dual token system helps to prevent this risk as UNCL is an inflationary token that helps to balance the network's ecosystem.
