UNICRYPT- A multichain service provider.
Hello everyone, I am Alamin. I hope you guys are well. I am back with another blockchain-based decentralized project. But today’s project is really interesting because it is a multiple blockchain network-supported project.
This means it will work on (ETH, BSC, xDAI, Matic). And the project name is UNICRYPT. Today in this explained article we will know what is unicrypt? What is the use case of this project in blockchain? And it’s all services.
What is UNICRYPT?
Unicrypt is a multi-blockchain decentralized services provider, which is mainly used by DeFi projects. Though unicrypt developed in the ethereum network, it provides service on 4 multichain networks. Unicrypt provides service to developed new defi projects on multichain like ETH, BSC, Matic, xDai. So it means we can create a defi project on any network.
UNICRYPT Decentralize Services:
- Liquidity Lockers.
- Initial Liquidity Offering (ILO).
We know that liquidity locking is quite popular in defi projects on a decentralized exchange. Because when a project gets a huge amount in the lock that project can go far. This means it helps a project to grow. It proves users that they are much popular to users.
We also know that when users lock liquidity to a project then the users got some bonus amount from every transaction fee.
In unicrypt liquidity, the locker option is quite the same. Unicrypt liquidity blocking services and smart contracts in the market. However, we are proud to reiterate that Unicrypt invented the concept of liquidity lock.
In unicrypt liquidity locker allows developers to store these LP tokens in a smart contract, revoking their permission to move these LPs from the start date to the end date (or more accurately, the start block to the end block).
Initial Liquidity Offering (ILO):
ILO is a very simple thing. It is quite a popular thing to a user for any newly intro crypto project. Like ILO helps us to get the share from a project with the cheapest price before listing it for public sale. Because when public sale starts the price goes up and when it launches on exchange the price fluctuates. So if a user can grab some share before presale it helps users to get a lot of profit. That is why it is popular.
But everyone can’t get a chance for ILO. The project made some requirements if a user fulfills the requirement then he got a chance to grab ILO. And he just simply hold some others coin what coin they mention and after that when ILO end block and private sale end block reach users get automatically gets their coin.
Because it is decentralized. Before the private sale ends block your coin will be in locked. After the end block, users will get their amount.
Liquidity lockers and ILO are currently available on 4 blockchains (ETH, BSC, xDAI, Matic) .
More information you will get on their docs.
Unicrypt farming is now on V1. And V2 is coming soon. Now I am introducing you to farm v1. Farming is mostly popular for extra earning. Anyone can create any pair for farming. Like users can select any coin pair ta make a farming option.
And by this farming option, we create a pair and when other users also farm with those pair all users will earn by farming those pair.
More information you will get on their docs.
According to Roadmap UNICRYPT Upcoming Features:
- Token vesting.
- PCS migration scripts (for lockers v1 to v2).
- ILO Tiers, staking & farming for ILO rewards.
Token vesting is like token locking. But token vesting I think will be much more popular. Why? There is the simple explanation we know when we go for lock token we have to lp in two tokens. But in the token vesting feature, we can lock 1 token and we also can set a time for a lock. Isn't it cool? Yes, it is. I think it will be the best feature according to me.
And it has lots of use case what we will get on docs.
By using unicrypt we can meant our token. And these are the features we got in token mint:
TOKEN NAME: UNCX TOKEN & UNCL Token.
TOKEN TICKER: UNCX & UNCL.
INITIAL SUPPLY: 50,000 UNCX & 120,000 UNCL.
CIRCULATING SUPPLY: 47650 UNCX.
Unicrypt service is our must wanting project. We all dream to be the owner of a crypto project. But we are afraid because we know to make a crypto project or coin on the smart contract we need to know about coding but unicrypt make it simple for us now we can create a coin without any coding knowledge.
To know more information & all upcoming update news about this I strongly suggest everyone check out their official handle.
I am not a financial advisor This Article is for informational purposes. I don’t suggest anyone invest in any project. If you want to do then do your research. Your money your research your risk.