Quick Summary
- UniCrypt is a DeFi crypto project offering a disruptive, flexible and audited technology. It’s working on multiple chains and has many useful features like liquidity locking, token vesting, minting, farming, etc.
There are many cryptocurrencies in the world right now, however, some projects stand out more than others. UniCrypt is a cryptocurrency project which has great features, tokenomics, and potential to grow because of its uncommon token supply settings. Read more to find out.
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UniCrypt – Great Tech Before Hype
This project started out in June 2020, providing an ever-growing suite of decentralized services. The objective is to bring value to the DeFi space as a whole by delivering disruptive, flexible and audited technology. If you use UniCrypt, you can strengthen your project and reward your communities.
“Our vision is simple. Automation is scalability, and protocols are trust. Welcome to Unicrypt!”
UniCrypt has been originally deployed on the Ethereum (ETH) network but now, their services are operational on multiple chains, allowing projects, communities and token developers to utilize the suitable tools for them. This promising project believes in the future of the entire cryptocurrency industry functioning multi-chain. UniCrypt is now supported by blockchains like Binance Smart Chain (BSC), ETH, Polygon and xDai Chain.
Main Features of UniCrypt
Liquidity Locking – project developers can use the liquidity locker security feature allowing them to lock their liquidity provider tokens. Locking liquidity is becoming a standard in the DeFi industry, and UniCrypt re-affirms this concept was brought to the market by them.
Token Vesting – vesting options can both be utilized by project owners and/or early adopters of technology. UniCrypt offers this option as an independent service, and it fits with the in-house ILO (Initial Liquidity Offering) Platform. Wallets vesting tokens are reflected in a dedicated UI, allowing anyone to consult it in an easier way, and more.
Token Minting – this feature allows you to create your own token! The ENMT (ERC-20 Non-Mintable Token) feature allows users to mint ERC-20 compliant and non-mintable tokens (fixed supply). Coding skills are not required, and newly-minted token contracts do not require additional audits.
Decentralized Launchpad – as a token developer, UniCrypt technology can serve you to launch your project. UniCrypt collaborates with a number of third-party providers that can review different aspects of your product. As an incubator, you can also use this technology to launch your very own incubated projects. As an investor, feel free to browse the latest projects, read carefully the reports from external providers, and most importantly never forget your own due diligence prior to any form of participation.
Farming – stimulating liquidity and creating market depth is essential for any cryptocurrency. This service allows project developers to incentivize their communities by creating a farming vault meant to be rewarding the liquidity providers. Users can then browse UniCrypt platform and provide liquidity on the projects they might be interested in.
Staking – sustainable projects are permanently looking to reward their communities. UniCrypt offers this possibility as well. Staking consists of generating staking contracts that can incentivize holders/communities to enjoy the rewards made available for them by their favorite projects!
Token Information (UNCX & UNCL)
UniCrypt projects consist of two main cryptocurrencies UNCX & UNCL. UNCX is mainly used in allocations in the ILO, account management on the platform, community governance and its bridged on all the supported chains. UNCL, on the other hand, is a token used as a reward for ecosystem participants through farming and for account management on the platform. It has several features but there are still some to be revealed soon!
Both tokens have been launched at the end of 2020 and they both had a successful start, rising several X times in value. UNCX, the main token for UniCrypt currently has a market cap of $16 million and what’s very interesting about this project, is its max supply of tokens, which is only 50,000. Moreover, only 55% of them are circulating. UniCrypt is available on exchanges like Uniswap, Gate or PancakeSwap.
Conclusion
UniCrypt has visible differentiation from other projects and its features and tokenomics clearly set it apart from others. If the project successfully continues to deploy and apply its utilities, it could seriously grow in value in the upcoming years.
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sources: coinmarketcap, unicryptnetwork,
author: Rene Remsik
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
