Unifi Protocol DAO (UNFI)

Last updated 26/11/2022

Official Website: https://unifiprotocol.com/

What is Unifi Protocol DAO (UNFI)?

An innovative method of thinking about blockchain economics is the Unifi Protocol (UNFI). The idea is straightforward: in order to reduce transaction volatility and inflation, the network will employ a stablecoin as its gas token. The project's goal is to build the next generation of blockchains around the idea of economic sustainability. creating a blockchain rather than a new cryptocurrency.

In addition to offering a variety of blockchain alternatives to aspiring DeFi product developers, the Unifi protocol also makes many chains more accessible because DeFi goods and the tokens associated with them may be exchanged for and used with other chains that support Unifi functionality.

Since 2018, Unifi Protocol DAO has been using its cutting-edge solutions to retool blockchain economics. These solutions include:

Wrapperless cross-chain bridge (uBridge)
A multi-chain AMM (uTrade) with advanced DeFi arbitrage strategies (DARBi)
Integrated fully collateralized token across the ecosystem ($UP)

The multi-chain protocol's global governance token is called $UNFI. The UNFI token already exists on Binance Smart Chain (BSC) and Ethereum (ETH) and will soon be available on all uTrade blockchains. UNFI is currently available on nine blockchains.

To utilize the staking features of UNFI, the UNFI must be on Ethereum network, while for the governing features UNFI can be on Ethereum (ETH), BSC, Fantom (FTM), Polygon (MATIC), Avalanche (AVAX) or Harmony (ONE) networks.

Protocol Unifi DAO is attempting to change the course of the business and establish a blockchain without producing a native gas token because it feels that blockchain technology has a crypto problem. Their strategy is to re-evaluate what a blockchain should be, including dismantling the assumptions that require gas tokens to be inflationary commodities.

A proof-of-stake (PoS) consensus mechanism protects Unifi Protocol. To guarantee the legitimacy of nodes and secure the mining process, PoS depends on the fact that tokens are stakable. This implies that nodes are chosen according to their ownership of the chosen token.

Team

Unifi Protocol is a community-based company that has been creating long-term blockchain solutions since 2018. Sesameseed, an online staking community, was the original founder. Some of the key community members include:

Juliun Brabon – Co-Founder and CEO - following his graduation from the University of Buffalo with a degree in English, he began working in operations management. Later on, he rose to the position of president at a number of businesses, including Jarrow Industries and Dr. Vita. He co-founded Sesameseed in May 2018, at which point he began developing the Unifi Protocol DAO
Kerk Wei Yang – Smart Contract Developer - after earning his degree from Singapore's Nanyang Technological University, he began a career in data administration. In October 2020, he began working full-time for Unifi Protocol DAO
Daniel Blanco – Lead Developer - he has experience working for organisations like Transparent CDN and Seedtag, and he has a strong background in information technologies

Roadmap

2018 – A stakinng community based on a collateralized derivative token
2019 - Deployed a bridge and dex to support our multi-chain staking token
2020 - Unifi Protocol launchesAMM with sustainable UP rewards
2021 - More blockchain partnersand UNFI DAO participates in governance
2022 - Advanced DeFi strategiesand decentralized arbitragesolutions

Where to Store Unifi Protocol DAO (UNFI)

One option to keep your Unifi Protocol DAO (UNFI) tokens safe and secure is to use a MetaMask wallet. MetaMask is supported by a large international community. MetaMask provides you with a key vault, secure login, token wallet, and token exchange - everything you need to manage your digital assets - and is accessible as a browser extension and a mobile app.

Likewise, a non-custodial multi-crypto wallet application that provides users with total control over their digital assets, including cryptocurrencies and non-fungible tokens (NFTs) called Trust Wallet is a great alternative to keep $UNFI tokens safe.

Where to Buy and Sell Unifi Protocol DAO (UNFI)

You can Buy & Sell Unifi Protocol DAO (UNFI) here at BC Bitcoin.

You can Buy Unifi Protocol DAO (UNFI) by heading over to the Buy Coins page of our website. Unifi Protocol DAO (UNFI) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $UNFI has never been easier, simply place your order and provide your wallet address. Once your payment arrives, UNFI tokens will be sent directly to your wallet.

If you choose to Sell Unifi Protocol DAO (UNFI), you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on the Sell Coins page.

Unifi Protocol DAO (UNFI) Resources

Website: https://unifiprotocol.com/

Block Explorer (ERC-20): https://etherscan.io/token/

Twitter: https://twitter.com/unifiprotocol

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.