THE UNIFI MANIFEST
The decentralized finance revolution is here to stay and it’s changing the way people look at their finances. The ultimate goal is a world of global financial freedom but there are still a few hurdles that need to be crossed before mass adoption can occur. UNIFI is here to leap those hurdles and ensure that global financial freedom becomes a reality.
SPECTRUM
Currently one of the biggest issues facing cryptocurrency is the lack of throughput on the most used chains. Ethereum for example can only process 15 transactions per second. At UNIFI we realized that we could solve that problem by offloading some of the data and transactions to be processed by
another chain. To achieve this goal the Nitrous Layer was created. This revolutionary technology will help unite the blockchain community.
The Nitrous Layer allows for cross-chain transactions at increased speeds and at a reduced cost-effectively creating an ecosystem of blockchains. Blockchains in the ecosystem will be interoperable and able to leverage each other at times of increased usage to prevent transaction fees from spiking or causing congestion within the blockchain. When blockchains no longer need to worry about scalability, interoperability, or congestion it allows them to focus all of their efforts on creating a better product to help expand the global blockchain ecosystem.
SOLVING THE BIGGEST PROBLEM IN DeFi
The Nitrous Layer works by provably burning the coin or token on one chain and using that proof of burn to mint tokens on a new chain. This allows for coins to quickly and easily move across different blockchains. The result of this is that coins on expensive, or congested blockchains can allow UNIFI or other linked blockchains to process their transactions for them. That in turn provides a faster and cheaper experience for the end-user. When projects no longer have a reason to worry about scalability, interoperability, or congestion it allows them to focus on their primary goal.
NITREX
Nitrex is a non-custodial platform which means it will never have access to your private keys. The platform has all of the tools needed to help you manage your assets while remaining in complete control of your finances. Initially, Nitrex will aggregate liquidity and order book data from Uniswap, IDEX, and Binance Dex. If the community would like other dexs to be implemented they can be proposed via the Governance model.
The beauty of the Nitrex platform is that it can benefit all types of crypto users. With such a wide array of functionality, there is something for everyone. It doesn’t matter if you’re a trader, investor, saver, speculator, or researcher Nitrex has all the tools and functionality you need for you to be comfortable managing your financial future.
PLATFORM MODULES
- Staking
UNIFI will support staking. For the first year, UNIFI will provide a rate of return of up to 48% annually with that amount lowering each year. The exact amount you earn is determined by how long you lock your coins and the amount you lock. You are able to unstake early but it comes with a cost. The penalty for unstaking early will not impact your principal amount, only the interest. The minimum staking amount for UNIFI is 10000 coins.
2. Governance
The governance of the Nitrex platform and the UNIFI chain will be handled based on the stake-based governance model. For every UNIFI coin, you have staked on the Nitrex platform you will gain 1 vote. In order to make a proposal, a user needs 100,000 UNF staked on the Nitrex platform. Once a proposal is made users will be able to vote by staking their coins on the platform and confirming their vote. For a proposal to pass it must be supported by at least 60% of the circulating supply. Failure to receive the required amount of votes within 28 days of the proposal will result in it being denied. To prevent stagnation of the platform, if a voter turns out is consistently low then the voting calculation will be reworked to increase the voting power of users that have staked their UNIFI for extended periods of time.
3. Margin Trading
Nitrex features margin trading with advanced tools as part of the Iris Analytics Suite. Users wanting to participate in margin trading will gain their leverage from a liquidity pool set up specifically for margin trading. Margin traders will be required to provide at least 52% of the purchase price of an asset in collateral. Collateral must be in the form of BTC, ETH, USDT, BNB, or UNIFI. If at any time your collateral falls below 52% your positions will immediately be liquidated and the loan automatically repaid.
4.Providing Liquidity
When you provide liquidity for loans, you will receive a share of the interest income from the loan pool you provided liquidity to. A user can create or join a pool. Once you’ve joined or created a pool you can add liquidity and determine your risk tolerance. Adding liquidity gives you a share of the interest income for the day. The actual percent you receive will be determined by the length of time that the liquidity is locked and the amount of liquidity provided.
Providing liquidity for trading pairs follows the same method. So if you provide liquidity for the ETH-USDT trading pair you will receive a share of the fees generated from that trading pair. The actual percent you receive will be based on how long the liquidity is locked and how much liquidity was provided.
In order to participate in the liquidity markets, you will need to stake a minimum of 100,000 UNIFI. Users will have the option to automatically swap liquidity and staking income to stable coins, have the returns automatically staked, or be withdrawn to a different wallet.
5. Borrowing
Users will be able to apply for peer to peer loans on the Nitrex platform. There will be optional Know Your Customer(KYC) with a supported decentralized service. Next, you will be asked to fill out a questionnaire to help determine which liquidity pools you qualify to receive loans from, what interest rate you will be charged, and how much collateral you will need to provide in order to obtain a loan. The exact requirements will vary pool to pool depending on the pools’ risk tolerance settings.
6. Iris Analytics Suite
The Iris Analytics Suite is built for professional traders. Iris allows you to monitor Bollinger Bands, Average Directional Index (ADI), Average True Range (ATR), Exponential Moving Average Spread (EMAs), Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI). Additionally, Iris provides detailed views of the market cap, circulating supply, market liquidity, and volume metrics. All while getting real-time graphs and order history from all major exchanges. Additionally, the suite has a tool that analyzes all major markets and shows potentially profitable arbitrage opportunities.
Token Allocation/presale terms
Total Supply 220mil
Presale: 45mil
Staking rewards 100mil
Marketing- 40mil
Team- 20mil
Liquidity-15mil
Pre-sale
Launching this week. Details coming soon.
Uniswap listing soon after.
UNIFI is a community-focused project lead by a team of passionate and experienced crypto and blockchain specialist. We invite you to join the movement towards true decentralized financial freedom. This is the first of many updates and developments regarding the UNIFI movement. Please join any of our social channels below to stay updated on how we’re changing the Defi space and blockchain for the better.
We are like the tide rising, Inevitable. Dive in.
- The 5
