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Our goal is to build a self-sufficient crypto ecosystem for crowdfunding which is independent and therefore resistant to the negative impact of the external environment.
In order to achieve our goal, the Unify platform is based on four core foundations:
Created in June 2017 with the intention of creating a cryptocurrency for our community, the Unify coin will be used as the main currency for financing projects through the
Unify Crowdfunding platform and as one of the payment options in the Unify Market. For all beginners to crypto, the wallets (and the crypto world in general) seem confusing and
hard to use. That's why we will be performing an overhaul of the wallets so they are easy and as intuitive as possible. For complete transparency, we will include the Unify Coin on
exchanges that perform a direct exchange between crypto currencies as well as fiat currencies. With clear funding and buying usabilty, the option of direct swapping into fiat, access
to a variety of wallets for all main operating systems and inclusion on larger exchanges, we intend to achieve the goal of a strong and stable currency.
WALLETS
EXCHANGES
TECHNICAL INFORMATION
Unify is a Proof of Stake (PoS) based coin. Fast, simple, eicient, safe. As a PoS coin, one node is chosen to process the transactions, and other nodes will verify the block. In order to
penalize any attempts at cheating, the node’s owners must lock some of their coins in a virtual safe (staking) and this stake will be forfeited if any funny business is detected. The more
coins you stake, the more likely it is you will be chosen to create the next block. At this moment the reward is 1 Unify coin per block. Proof of Work (PoW) coins keep the blockchain alive
through mining, which is the process of solving complex math problems to verify transactions. The mining process unnecessarily consumes energy, puts computing power to waste, and is
limited to those who have the hardware to mine.
ALGORITHM
POS – Proof of Stake from 15925 block | before – POW – Proof of Work with scrypt algorithm
TICKER / TOTAL SUPPLY
UNIFY. Total supply is 19,276,800 coins.
BLOCK TIME
1 minute (every minute you have a chance to get UNIFY from staking)
PREMINE
181,181 UNIFY (less than 1% of total supply).
BLOCK CONFIRMATIONS
6 confirmations (you need 6 confirmations to spend UNIFY you received from the incoming transaction)
COINBASE MATURITY
40 confirmations (You need 40 confirmations to spend UNIFY after your wallet hits a PoS block)
MIN / MAX STAKE AGE
4 hours (You need at least 4 hours after your funds arrive on your wallet to start staking) . Max Stake Age is 30 days.
BLOCK REWARD
Sep 2017 – Sep 2019 – 1 UNIFY per PoS block (1440 UNIFY daily, 525600 UNIFY yearly)
Unify Token (UNT) is a token issued on the Ethereum blockchain. Its design follows the widely adopted token implementation standards through being compatible with ERC20 supported
wallets. Just like Unify Coin, it will be tradeable on exchanges and spendable on the Unify Market. After a project is successfully funded, donators will get Unify Tokens in return. The
amount of UNT they receive will be valued at 25% of the USD amount they funded. This is calculated according to the current value of the token. For instance, if a funder donates $100
to a project, they will receive $25 worth of UNT. If 1 UNT is worth $1, they will receive 25 UNT, or if 1 UNT is worth $25, they will receive 1 UNT.
The initial value of Tokens will be set at 10 cents, and there will be 500 000 000 UNT in circulation.
The value of the Unify Token will change due to being traded on exchanges. If UNT were to go below $0.10 on the open market, it would still be distributed as if it was $0.10 in return for
successfully funding a project on the crowdfunding platform.
Unify will be a cryptocurrency based marketplace where you can buy and sell crowdfunded projects as well as other products with alternate cryptocurrencies. By setting up the marketplace,
we create an immediate home for the supported projects from the Unify Crowdfunindg system. We would like to set up a system through which users will be able to promote their skills and
business, so we intent for the Marketplace to be a place for everyone. Think of it as the cryptocurrency equivalent of Etsy, Bonanza, ArtFire etc.
Unify is a crowdfunding platform which utilizes cryptocurrencies. Funders will be able to support projects using the Unify Coin. Alongside incentives for donating from the developer, funders will
receive a certain amount of Unify Tokens in return for a successfully funded project. Incentives allow for a mutually beneficial relationship between the funder and the project with both parties
engaging in a 'win-win' arrangement. Without incentives, such projects would have a much harder time collecting donations and would not be able to help as many people. Since incentives
lead to more donations and more help being granted, having incentives is both moral and good.
We believe that with a strong crypto currency, user-friendly systems and a clear benefit system, we can encourage people to support projects that benefit society.
SIGNATURES
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Junior Members: (please remember - Junior Members cannot use links anymore & signature length 150 characters)
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