Launchpad, staking, farming, liquidity locking and other token vesting, so many services offered by the very complete decentralized platform UniCrypt. Let’s discover this decentralized finance protocol (DeFi) whose objective is to solve one of the major problems of the sector: confidence in new projects.

  1. UniCrypt, restoring investor confidence
  2. A two-token ecosystem (UNCX and UNCL)
  3. Stake your UNCX to participate in the UniCrypt ecosystem
  4. Overview of other UniCrypt services
  5. A DeFi hub role to be ensured

UniCrypt, restoring investor confidence

If you’ve been frequenting the decentralized finance (DeFi) ecosystem for some time now, then you’ve probably encountered this problem before . Many new cryptocurrencies are listed daily on decentralized exchanges such as Uniswap. Unfortunately, not all of them have good intentions .

On the contrary, it has become increasingly common to see projects suddenly withdraw their liquidity , leaving you with worthless tokens and running away with your money. These “rug pulls” are the fear of investors and constitute one of the major risks of DeFi.

The primary objective of the UniCrypt platform is precisely to solve this problem by restoring investor confidence in new emerging projects. How ? Thanks to one of its many services, “liquidity locking” , which allows projects to lock in their liquidity for a certain period of time and thus prove their good faith  to potential investors.

That said, “liquidity locking” is only one service among the very varied panel of what is offered by UniCrypt. Launched in June 2020, UniCrypt is a multi-chain protocol developed by a French team and aimed at bringing value to the DeFi ecosystem by providing “flexible, disruptive and audited technology”. Here is a quick overview of the various services offered by UniCrypt, which we will then detail:

  • Liquidity locking;
  • Initial Liquidity Offering (ILO);
  • Auditors and KYC;
  • Token vesting;
  • Token mining;
  • Staking-as-a-Service (FaaS);
  • Farm-as-a-Service (FaaS).

Initially deployed on the king of smart contract blockchains, Ethereum (ETH), UniCrypt quickly expanded to other networks. The protocol is now accessible on the BNB Chain (formerly Binance Smart Chain), the Gnosis Chain , Avalanche (AVAX) and finally the Polygon network (MATIC).

As of this writing, UniCrypt has over 14,000 projects , $540 million in total value locked (TVL) and most importantly 1.2 million monthly users .

A two-token ecosystem (UNCX and UNCL)

UniCrypt is a so-called “dual token” protocol, meaning that it has two tokens: UNCX and UNCL . The first, UNCX, was introduced upon the creation of UniCrypt, in June 2020 (previously called UNC and swapped in November 2020 to UNCX) , as a governance token with a deflationary character . The second, the UNCL, was added in November 2020 and takes on the role of a utility token and counterbalances by its inflationary nature.

Indeed, UniCrypt is a complex ecosystem, with many features and services. Therefore, paying all protocol fees and receiving rewards only in UNCX would have made the ecosystem too deflationary and quickly unaffordable for a new investor.

Thus, by including a second token, the UNCL, for the payment of certain services (for example participation in the launch of a new cryptocurrency) or for rewards related to staking or farming, a healthier balance is naturally established. between the two tokens.

When mentioning fees, it is important to understand that they only concern projects wishing to be listed on the platform. Indeed, there is no tax on UNCL and UNCX for users of the protocol. The UniCrypt ecosystem works for free and is remunerated from fees paid by other projects.

unicrypt dual token

All about UNCX, its tokenomics and its “burns”

Let’s go into a little more detail about the roles of each of the two tokens in the UniCrypt ecosystem, starting with UNCX. The token is available on 5 different blockchains: Ethereum, Gnosis Chain, Avalanche, Polygon and the BNB Chain. UNCX is notably listed on Uniswap , Gate.io  and PancakeSwap .

The total amount of UNCX is relatively small: only 50,000 tokens were initially issued . At the time of writing, there are only 47,650 tokens actually in circulation .

Indeed, UniCrypt proceeds from time to time to a “burn” of UNCX. To put it simply, some of the tokens collected through platform fees are “burned”, i.e. permanently taken out of circulation. This helps maintain upward pressure on UNCX price and rewards holders.

About 12,000 UNCX (24% of the total supply) are held at an address belonging to the project team. These funds will be used to finance the long-term development and growth of UniCrypt , which includes marketing, allocations for future advisors, liquidity management on the various exchanges.

It should be noted that the payment of the team, the service providers and more generally of all the actors revolving around the protocol has never taken place in UNCX, given that the protocol has been profitable since its creation.

All about UNCL, its tokenomics and its inflation

Similar to UNCX, the UNCL token is available on 4 blockchains , namely Ethereum via Uniswap , Gnosis Chain via Honeyswap , Avalanche via Trader Joe and BNB Chain via PancakeSwap .

UNCL is a utility token , rewarding participants in the UNCX protocol (more precisely UNCX stakers, see further down in this article) . Indeed, the fact of “burning” UNCL will allow users to participate in the launches of cryptocurrencies on the platform and to boost their gains in staking or farming. Moreover, these last two features offer gains in UNCL to their contributors.

As you will have understood, the UNCL token has a “mint” function. Rewards provided to users are created and added to the initial total amount of tokens (120,000 UNCL). This is why, before investing, it is important to keep in mind that the UNCL is inflationary and that the number of tokens increases over time.

That said, this inflation is programmed and controlled by UniCrypt . This will be reduced by a factor of 2 each year, to follow the following pattern:

  • 2021: 60% maximum inflation – not reached to date (240,384 UNCL);
  • 2022: 30% maximum inflation (312,499 UNCL);
  • 2023: 15% maximum inflation (359,374 UNCL);
  • 2024: 7.5% maximum inflation (386,327 UNCL).

Stake your UNCX to participate in the UniCrypt ecosystem

Discover the UNCX staking program

In this section, we’ll take a look at UNCX staking, a feature that allows you to generate returns by directly participating in the workings of the UniCrypt ecosystem . For those interested in UniCrypt’s technology, but not willing to expose themselves to projects launching on the platform, this option should appeal to you.

The objective is to reward holders by redistributing to them a substantial part of what is generated by the platform’s service fees. Initiated at the beginning of March 2022 by the UniCrypt team, this option has already allowed users to share 200,000 USDC .

The second phase of this staking program offered by UniCrypt will begin on April 9, 2022. Users can already stake their UNCX tokens and select the liquidity pool that interests them. Don’t worry, even if you miss the start, you’ll still be boarding the train right in the middle of the program.

UniCrypt choice

There are three different deals in place depending on the amount of UNCX tokens you lock into the contract:

  • Level 1: from 100 locked UNCXs, no maximum;
  • Level 2: between 20 and 100 locked UNCXs;
  • Level 3: between 3 and 20 locked UNCXs.

Unlike the first phase, the April one now allows you to receive your rewards in UNCL in addition to USDC. In both cases, approximately $150,000 will be distributed to participants, or $300,000 in total. They will be divided up to 50% for Tier 1, 30% for Tier 2 and finally 20% for Tier 3.

Note that the UniCrypt team will replenish these rewards on a monthly basis equal to those already allocated for the current month.

Tutorial – How to stake your UNCX and generate returns?

Are you interested in UniCrypt and want to know how to participate in the functioning of its ecosystem while generating rewards? We’ll explain it all to you in this quick and easy tutorial .

1. First of all, you will need to get UNCX . To do this, since the staking system is currently only present on the Ethereum blockchain, we recommend that you go through the Uniswap DEX .

2. Once this first step has been completed, go to the UniCrypt website and more specifically to the tab dedicated to staking . Choose the option that suits you (tier 1, tier 2 or tier 3) depending on the UNCX you want to lock under this April program. For this example, we have chosen tier 3.

The page that is displayed is divided into several parts . The upper banner informs you of the main data of the liquidity pool (the number of UNCXs locked, the number of participants, etc.) and your position within it (the number of UNCXs you have locked, your share of the pool , etc.) :

unicrypt top banner

3. At the moment the staked UNCX amount is of course zero, but we will fix that. In the block on the left of your screen, click on the stake window Select the amount of UNCX you want to lock (between 3 and 20, since we chose tier 3).

UniCrypt staking block

Once the amount has been selected, you will see your share displayed on the line just below. Attention, before validating, you still have to select the duration for which you wish to lock your tokens.

This is decisive for the calculation of the rewards that you will generate . Indeed, the longer you decide to block your UNCXs, the more you will benefit from a significant boost in your performance . This ranges from 0% for a duration of one month to 100% for a duration of 1 year and 1 month.

Keep an eye on the withdrawal date on the bottom line and make sure you are ready to commit to this duration before clicking. Also note that this boost option can be revised upwards, but never downwards.

4. Finally, once your UNCXs are blocked, all you have to do is select the reward program that interests you . You will find all the information on this subject in the box on the right of the screen. In the first window, you will find the list of those in which you have already participated. In the second, those that are currently available. Finally in the third, those who are finished.

UniCrypt programs

As you can see, at the time of writing these lines, the March USDC program is still accessible and is practically coming to an end. On the other hand, the following two pools have not yet started, but it is already possible to place your funds there .

No need to rack your brains to choose from one of them, you can select up to ten different ones and distribute your locked funds as you wish. Once you have positioned yourself on these programs, you are ready to receive your rewards.

That said, there is still room to boost your yields , in addition to increasing lockout duration. Indeed, UniCrypt offers to burn UNCL tokens to increase your weight in the pool compared to others. This allows you to improve your rewards on a program by up to 100%, provided you meet these conditions:

  • Tier 1: burn up to 300 UNCL to reach +100%;
  • Tier 2: burn up to 200 UNCL to reach +100%;
  • Tier 3: burn up to 150 UNCL to reach +100%.

Overview of other UniCrypt services

Liquidity lockers

Among the long list of services offered by UniCrypt, “Liquidity Locking” is probably one of the most important . To understand this, it’s important to remember that any project that gets started – whether on Uniswap, PancakeSwap or elsewhere – needs cash.

This liquidity is generally provided by investors . However, they are sometimes reluctant to invest their funds in projects without having the security of seeing them again one day.

UniCrypt’s “Liquidity Lockers” are smart contracts in which developers store their LP tokens (Liquidity Providers tokens) and revoke their permissions to access them . In other words, they lock their cash in vaults to prove their good faith.

At the time of writing, more than $540 million is locked on the various automated market makers thanks to UniCrypt’s services,

UniCrypt’s business model is largely based on the fees developers pay to submit their project. Either they decide to pay a flat tax (in ETH, GNO, AVAX, MATIC or BNB, depending on the blockchain) to which is added a percentage of the amount of locked tokens. Either, for large projects, it is possible to reduce this share by carrying out a burn of UNCX.

Token Vesting

While Liquidity Lockers allow developers to lock their LP tokens (aka liquidity pool token pairs) they do not offer this option to all other types of tokens . This is why UniCrypt introduced Token Vesting,  or token lock.

In short, this service allows you to lock a certain amount of tokens for a fixed period  in order to prove your involvement in the project. Once the developer has blocked their tokens, they can no longer access them or go back and must simply wait until the end of the contract to recover them.

In the same way as with Liquidity Lockers, Token Vesting is an additional security service for investors to reassure them about the intentions of the developers of a project . This undeniably earns the trust of the community and makes it grow faster.

Initial Liquidity Offering (ILO)

Similar to a launchpad (dedicated platform for launching new cryptocurrencies), UniCrypt’s Initial Liquidity Offering service allows users to contribute their liquidity directly from liquidity pools to benefit from token rewards from a new project that starts.

UniCrypt has deployed a fully decentralized and automated platform , connected to Liquidity Lockers. In the vein of the first two services presented above, this one also aims to reassure investors. Each project wishing to launch via an ILO on UniCrypt will have to lock between 60% and 100% of the liquidities which will have been raised.

However, if projects catch your eye and you want to participate in ILOs on UniCrypt, it is important to keep a few details in mind. First, the tokens you buy will be held in the smart contract until the end of the pre-sale period.

Then, when the liquidity cap is reached (ie the ILO target), anyone can manually end the token lockup period, create a pair on a DEX and start trading. Finally, note that UniCrypt’s launchpad is decentralized . In other words, they have no right of inspection over the tokens that are launched and it is up to each investor to do their own research before placing funds there .

If you want to follow project launches more closely on the UniCrypt launchpad, join the UniCrypt Lockers Telegram group dedicated to this purpose.

A DeFi hub role to be ensured

As you will have understood, UniCrypt is one of the most complete decentralized finance platforms . Since the protocol is compatible with the main blockchains that currently exist, the services offered are very diversified and suitable for both investors and developers.

One of the most relevant features is Liquidity Locking . By offering projects to lock in their cash ahead of launch, UniCrypt allows them to prove their good faith and reassure potential investors . This option obviously goes hand in hand with the Initial Liquidity Offering , UniCrypt’s decentralized launchpad.

The UniCrypt ecosystem is based on a two-token economy, UNCX and UNCL , with very specific tokenomics and roles. UniCrypt notably offers UNCX staking to generate returns and participate in the operation of its platform. A new rewards program is underway for the month of April and allows participants to share $300,000.

In conclusion, UniCrypt is positioning itself as a true decentralized finance hub . To maintain this position, the platform still plans many improvements and the addition of ever more interesting and disruptive features.

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