Unit Network: Redefining Financial Inclusion Through Tokenization
Unit Network is a platform that enables anyone to create and manage their own token economy, without the need for coding or technical skills. By using Unit Network, users can benefit from a more inclusive, decentralized, and community-driven system, where everyone has a stake and a voice in the success of their projects.
Unit Network is not only a platform for creating and managing token economies, but also a powerful tool for enabling various use cases in different industries and sectors. By leveraging the features and benefits of Unit Network, such as microservices, community tools, decentralized exchange, and marketplace, users can solve real-world problems and create value for themselves and others.
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How does the Unit Network work?
Unit Network empowers you to effortlessly generate and manage digital tokens for diverse purposes, from fundraising to rewarding customers. No coding skills are required. The platform facilitates secure and stable token creation, fostering a global community focused on building a more inclusive and equitable token economy. Join us to shape a better world.
Real-world usecases
City & industry tokens: Barcelona Coin
One of the real use cases of Unit Network is to empower local communities and businesses, by creating a token that represents their collective value and interests.
For example, imagine a Barcelona token, that is used by the residents and businesses of Barcelona, to invest in local projects, exchange goods and services, and reward social impact. The Barcelona token would be backed by the Unit Network coin, which is a crypto-backed, stable, and governance coin, that ensures the security and soundness of the network. The Barcelona token would also be influenced by the strength and activity of the Barcelona community, which would be supported by the platform’s community management tools.
By using the Barcelona token, the people of Barcelona would be able to create a more collaborative and sustainable economy, where they can support each other, share their resources, and improve their quality of life. The Barcelona token would also create a positive feedback loop, where the more the token is used and valued, the more it benefits the entire community. This way, Unit Network can help create wealth equity and a better world, where people wake up with a sense of purpose and community service.
Here are some examples of how Unit Network can be applied in different scenarios:
Agencies
Unit Network can help agencies create and manage token projects for various clients, using microservices and community tools.
Agencies can work remotely and service token projects globally, or focus on a specific industry or geographical location. Agencies can help clients design, develop, and promote their token projects, using data-driven and innovative approaches. Agencies can also earn revenue streams from the success of their token projects, creating a win-win situation for both parties.
Manufacturing
Unit Network can enable 5G private networks that deliver valuable use cases in manufacturing, such as automation, safety, and quality control.
Unit Network can interconnect thousands of physical devices, from sensors to robotic arms, and enable them to share large data streams with each other. Unit Network can also support use cases such as computer vision quality inspection, inventory management with swarms of AI drones, and AR maintenance support. Unit Network can help manufacturers improve their efficiency, productivity, and profitability, while reducing costs and risks.
Networking
Unit Network can support software-defined networking, by providing flexibility, scalability, and security for network management.
Unit Network can help network operators and administrators configure, monitor, and optimize their networks, using software and automation. Unit Network can also enable dynamic and adaptive network services, such as load balancing, routing, and firewalling. Unit Network can help network users enjoy better performance, reliability, and quality of service, while saving time and resources.
These are some of the use cases of Unit Network that show its potential and impact. Unit Network can also be applied in other domains, such as e-commerce, education, healthcare, entertainment and public infrastructure, to name a few. Unit Network is a platform that empowers users to create and manage their own token economies, and to solve real world problems and create value for themselves and others.
Unit token: Wrapping and vaults
Unit Network is a decentralized protocol that allows users to wrap and unwrap various tokens across different blockchains, such as Bitcoin, Ethereum, and Polkadot.
Unit Network uses a system of vaults and collaterals to ensure the security and trustlessness of the wrapped tokens.
Vaults are users who lock their UNIT tokens in smart contracts and provide liquidity for the network.
Collaterals are the amount of UNIT tokens that vaults have to stake in order to issue wrapped tokens. The collaterals act as a guarantee that the vaults will not run away with the original tokens or default on their obligations. Similar solution represents the Interlay parachain, which uses various different collateral as backing to mint iBTC, wrapped representation of bitcoin.
Business model
Messaging, sending, staking, all other services are free, except a very small amount of UNIT fees are generated from each write action to the Unit Network blockchain.
The only cost is token exchange and withdrawals. The revenue model of Unit Network is straightforward. A 2% fee is levied on all trades involving any tokens across the network, with the proceeds evenly distributed in four parts:
- 0.5% is awarded to the user responsible for inviting or referring the exchanger.
- 0.5% is allocated to the exchange pool, to be shared among liquidity providers facilitating the trade.
- 0.5% contributes to the UNIT treasury.
- The remaining 0.5% is directed to the treasury of the traded token.
In addition, a 1% fee is applied to withdrawals or unwrapping from the network. This 1% fee is then divided as follows:
- 0.5% is channeled into the UNIT treasury.
- The other 0.5% is directed to the vault handling the withdrawal or unwrapping process.
Conclusion
Unit Network is a platform that lets you create your own digital money, tokens, that you can use for various purposes. For example, you can use tokens to raise funds for your project, to reward your customers or employees, or to exchange goods and services with others. You can also create tokens that represent real things, such as land, art, or gold, and trade them online.
Unit Network makes it easy for you to create and manage your tokens, without needing any coding or technical skills. You can use the platform’s tools to design, develop, and promote your tokens, and to connect with other people who share your interests and values. You can also use the platform’s features to make your tokens more secure, stable, and valuable, and to control how they are used and governed.
Unit Network aims to create a new financial system, where everyone can participate and benefit from the token economy. By using Unit Network, you can create wealth and equity for yourself and others, and support projects and causes that matter to you. You can also join a global community of token creators and users, who are working together to create a better world.
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