UniDao protocol works on dual token model. It uses uDAI as a stable coin and UNA as a governance token.
uDAI: A DAI-styled stablecoin
Unified Dollar ( uDAI ) is a DAI-styled stable coin pegged to United States Dollar ( USD ). uDAI is a collateralized stable coin backed by the value of alternative assets such as Liquidity Provider Tokens ( LPTs ) and Non Fungible Tokens ( NFTs ).
UNA: The key to untapped DeFi liquidity
UNA is the governance token of UniDao protocol and it is used for the protocol governance and decision making by the community. UNA is a deflationary token and its supply will keep reducing over the period of time. Below are some of the key characteristic of the token.
- To mint and unlock tokens a network fees is charged in UNA.
- 50% of the fees are burned forever on a daily basis.
- 30% of the fees are distributed to UNA holders through geyser.
- 20% of the fees is distributed to the team for further protocol development.
Tokenomics & Initial Distribution
We strongly believe that having a strong community is as important as having a strong tech. Our tokenomics is designed in such a way that it incentivizes both the early adopters and the long term hodlers.
Below is our well thought tokenomics which will prove to be a game changer for both the community and the project in days to come.
Max Supply: 100,000 UNA
Initial Circulating Supply: 21,000 UNA ( 21% )
Initial Market Capitalization: $250,000
Distribution Schedule
*30,000 UNA ( 30% ) Protocol Incentives ( Vested till 31st Mar 2021 )
*20,000 UNA ( 20% ) Foundation Reserve ( Vested till 31st May 2021 )
10,000 UNA ( 10% ) OTC presale ( 50% Vested for 180 days )
10,000 UNA ( 10% ) Initial Decentralized Offering
10,000 UNA ( 10% ) Initial Liquidity Mining ( Vested till 10th Dec 2020 )
*10,000 UNA ( 10% ) Team Funds ( Vested for 12 months )
6,000 UNA ( 6% ) Uniswap Liquidity
4,000 UNA ( 4% ) Strategic Reserve
*Tokens locked for protocol incentives, foundation reserve and team funds are subject to further vesting.
To encourage a wider participation of the community and to discourage whale hoarding we have decided to keep the Initial Decentralized Offering price equal to the OTC price.
OTC Presale: $12.5/UNA ( Individual Cap of 20 ETH )
Initial Decentralized Offering ( IDO ): $12.5/UNA ( Individual Cap of 4 ETH )
Note: Stay tuned for further announcement in this regard.
Website: https://unidao.org
Telegram: https://t.me/unidaoprotocol
Medium: https://medium.com/@unidaoprotocol
Twitter: https://twitter.com/unidaoprotocol
