Unicrypt was launched from scratch in June 2020 (no ICOs, fundraising, crowd selling, etc.). It is a decentralized, multiple chain protocol that offers a sought-after suite of decentralized services. The project aims to add value to the DeFi ecosystem by providing flexible, disruptive and tested technologies. For example, the liquidity lockdown service helps solve the persistent problem of investor trust in decentralized finance (DeFi) by protecting investors from DeFi scams and carpet pulls.
The Unicrypt network uses two tokens: UNCX and UNCL. UNCX is a utility token that allows project developers to pay fees and is a deflationary governance tool. UNCL is an agricultural mark used to reward ecosystem participants. Unicrypt services are multi-chain and available in four blockchains: Ethereum, Binance Smart Chain, xDai Chain and Matic / Polygon. Here’s a look at each service.
Blocking liquidity is increasingly becoming the standard in the DeFi sector to protect investors from costly exit frauds and carpet pulls. Unicrypt offers intelligent contracts for liquidity lockers that project developers can use to publicly block liquidity for a specified period of time. This creates confidence among investors that the developers are committed to the project and cannot withdraw funds with a carpet.
Unicrypt is considered a pioneer of the liquidity lock at numerous blockchain startups, including COIN, DEXT, SafeMoon and others who are already locking millions on the platform.
Unicrypt offers a decentralized launchpad for new projects. The platform works with several third parties to review various aspects of a project and produce a full report on the project’s strengths and weaknesses. Project developers can also use the platform’s incubator to start their own incubated projects.
Unicrypt offers Farm-as-a-Service-Dapp that allows token developers to farm using the Ethereum blockchain and incentivize their community by rewarding liquidity providers who provide liquidity to every couple on Uniswap. Any investor can access Unicrypt and provide liquidity for the projects / pairs they might be interested in and earn LP rewards.
Staking out is an efficient tool for crypto projects that incentivize their communities and create sustainability. Unicrypt offers staking as a service in which staking contracts are created with which municipalities / owners can be encouraged to generate passive income in the form of staking rewards from their preferred blockchain projects. With Unicrypt, the community can also use UNCL and UNCX and receive rewards for USDC / BUSD. This function will soon be available at Unicrypt.
- Token vesting and token minting
Provided only on Unicrypt, token vesting and token minting are revolutionary services that make Unicrypt a comprehensive multi-service platform. The Token Vesting Service complements the internal ILO platform and enables project creators / teams and investors to block the project’s tokens / coins to ensure the project’s longevity and value. Unicrypt’s Token Vesting Dapp is currently offered as a standalone product. The token minting service allows the community to create their own tokens without any coding knowledge. It uses the ENMT (ERC-20 Non-Mintable Token) standard, which allows users to mint (create) ERC-20 compliant and non-mintable tokens with a fixed supply. The minted tokens do not require any additional audits after the minting.
In less than a year, Unicrypt has become a leading decentralized multi-chain protocol providing a sought-after suite of decentralized services to make the DeFi space safer, more trustworthy and more valuable. The protocol offers a wide range of decentralized services, including liquidity freeze, income farming, ILO launchpad, a unique decentralized presale platform, and token vesting and token minting, which are due to be rolled out shortly. More exciting services will be available on Unicrypt. Keep it here for further updates on the project.