Unipower is a first of a kind DeFi project. The innovative concept of UniPower will drastically improve how DeFi works on blockchain, with the introduction of Proof of Liquidity.
What is UniPower?
This ethereum token is the first Proof of Liquidity (PoL) meaning at inception 100% of the 1,000,000 supply was sent to Uniswap. No more tokens can ever be minted, and so is now solely powered by Uniswap.
The future for UniPower will be the flagship uniswap pool managed by a DAO system where the trading fees generated can be distributed or for token buybacks.
How does that work?
Uniswap is a dex which works by a liquidity pool. Trades on the dex pay 0.3% fee to the liquidity providers. So UniPower has a large liquidity pool on uniswap (when it provided 100% token supply at inception). Now that initial liquidity is earning trading fees from all volume indefinitely. These fees get fed into the power ecosystem and distributed to power token holders!
Open Sourced & Decentralized:
UniPower is an immutable ERC20 token, which means that every transaction is visible on the Ethereum blockchain. Here is the verifiable transaction where 100% of the supply was sent to Uniswap at the tokens inception and here is the "Liquidity Vault" smart contract storing the liquidity.
There are two dapps in the UniPower ecosystem so far, PowerLock & StaticPower. Both these dapps are for staking power tokens under different plans & in return users receive weekly free power divs from the trading fees accumulated by the Uniswap liquidity!
Where can I learn more?
Cryptocurrency & Blockchain
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.