$ 107,734.1
$ 2,524.56
$ 0.7472
$ 666.92
$ 172.19
Dec 6, 2021
UNCX Token Debut is One Day Away!
Another day closer to UNCX token's debut! It's official, will be online soon. According to the recent tweet that came from Arker the legend of Ohm. Unicrypt is a decentralized services provider that provides DeFi projects with a number of options for gaining community trust and keeping users secure. UniCrypt is well recognized for creating the first-ever Proof-of-Liquidity (POL) smart contracts for Uniswap on Ethereum. Liquidity Lockers are smart contracts that allow teams to lock liquidity on Uniswap or other AMMs for a certain length of time. In essence, it is an assurance to investors that the project developers would not be able to drain the whole pool of cash.
The UniCrypt ecosystem consists of two tokens, UNCX is a deflationary governance token that allows holders to vote. The UNCL token is an inflationary farming reward token. UniCrypt's lockers, for example, will be able to convert liquidity to Uniswap V3 when the time comes.
The most common application is holding 4 UNCX in order to participate in Round 1 (the first two hours) of a token sale on the launchpad. The entire supply of UNCX is currently 48,650, and no additional tokens will ever be created. The team will burn UNCX at random through buybacks from earned protocol fees, therefore the supply can only go down.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Trishla is a crypto writer and social media aficionado. She has substantial experience in covering updates, events, and news related to the crypto space, along with rapidly expanding blockchain and financial technology markets. Her experience in the cryptocurrency market has led her to become a crypto hodler herself.