FAQ - Unit Token
How can I buy UNIT tokens?
Important Notice: The UNIT Token sale rounds are currently not available for public sale. If you are interested in acquiring UNIT, we recommend utilizing the UNIT/USDU exchange for your purchase. When the sale tab becomes active for public participation, you will have the opportunity to follow the outlined process below to execute a direct purchase.
To participate in the UNIT Token sale, kindly follow the steps below:
Get Invited:
Request an invitation to unit.network.
Deposit Process:
Send BTC/ETH/DOT to the provided deposit address.
Alternatively, use credit/debit cards via onramp services like MoonPay or Ramp Network to purchase UNIT.
Deposit to Unit Network Wallet:
Log in to unit.network.
Navigate to the Wallet tab and click on Address.
Choose the desired token (BTC, ETH, DOT) from the TOKEN dropdown.
Paste your personal wallet address in the "YOUR TRUSTED ADDRESS" field.
Ensure it is your personal wallet, not an exchange address.
Click Add Address, then Deposit.
Specify the token and quantity/dollar-equivalent you wish to deposit.
Copy the provided deposit address and send the funds from your wallet.
Paste the Transaction ID/Hash in the designated field and click UPDATE.
Monitor the deposit status under "STATUS" until it changes to "completed."
####Purchase UNIT:####
Once your wrapped tokens (e.g., BTCU) are in your wallet:
Option A: Buy UNIT on the UNIT token Sale page using reserve assets (BTCU, ETHU, DOTU) UNIT Token Sale Page.
Option B: Buy USDU on the USDU Token Sale page using reserve assets (BTCU, ETHU, DOTU) USDU Token Sale Page.
Option C: Buy UNIT on the exchange page of the UNIT token UNIT Exchange Page.
For any assistance, feel free to contact our support team. Thank you for your participation in the UNIT Token sale!
Will UNIT be listed on more exchanges for trading?
Goal: List UNIT on major exchanges.
Focus: Emphasize utilization of the native exchange first.
Strategy: Boost UNIT token treasury value and platform growth.
Does UNIT operate as an ERC20 token?
UNIT is exclusively native to the Unit Network platform and is not currently compatible with other blockchain networks.
Is UNIT more like a commodity for usage or equity representing ownership in a company?
UNIT operates as a hybrid asset, embodying traits of both a commodity and a share.
Similar to BTC and ETH in their networks, UNIT adopts this dual nature.
It combines features of a commodity, like BTC, with aspects of equity, resembling ownership in a company.
What determines the value of UNIT?
Push Mechanism:
Capital Inflows: UNIT's value increases as capital flows into the UNIT treasury, acting as a dividend repository for token holders.
Sources of Capital:
Trading Fees: Generated from a 0.5% fee applied to transactions on the Unit Network.
Withdrawal Fee: A 0.5% fee on withdrawals.
Token Sales: Deflationary capital from UNIT token sales contributes to treasury growth.
Pull Mechanism:
Token Utility: UNIT's value rises due to its various applications.
Other Project Banks/Treasuries: UNIT enables acquisition of other project tokens, boosting their treasuries.
Bond Staking: Stakeable for bonding rewards similar to DOT on Polkadot.
Vaults: UNIT holders can lock tokens in vaults, facilitating loans and asset wrapping (e.g., BTCU, ETHU, DOTU).
What is the basic value of the UNIT token?
UNIT's decentralized treasury holds various reserve assets: BTC, ETH, DOT, MATIC, SOL, BNB, ADA, ALGO, AVAX, ONE, NEAR, XLM, ATOM, TON, CRO, and USDU.
The total treasury value divided by the token supply determines the floor price of the UNIT token.
This mix of assets creates a strong foundation, tying the token's value to the tangible assets in the treasury, ensuring stability and reinforcing the value of the UNIT ecosystem.
What are the reasons behind the current fundraising efforts?
Raise funds to strengthen and support the token economy.
Additional capital injected into UNIT, city, and industry token treasuries enhances the appeal for token projects.
Increased attraction for projects aiming to earn UNIT or related tokens.
By improving financial infrastructure, the goal is to cultivate a dynamic and lasting ecosystem, encouraging diverse token projects within the Unit Network.
How do you use the allocated capital in your strategy?
Raised capital strengthens the value of the token.
A robust financial foundation enhances the attractiveness of the UNIT token.
Funds are strategically used to optimize the appeal and usefulness of the UNIT token, ensuring the strength and sustainability of the token economy.
What is UNIT's Price-to-Earnings (P/E) ratio, and what factors influence its calculation?
Profit for UNIT is considered as the growth of the UNIT treasury, while equity corresponds to the UNIT market capitalization.
Comparing to traditional tech companies where P/E ratios range from 20 to 100, this gives perspective on UNIT's valuation dynamics.
P/E ratio reflects the connection between UNIT treasury growth (profit) and the total market capitalization (equity), offering a benchmark within traditional tech company valuation metrics.
How do you convert UNIT tokens into fiat currency (cash)?
Like Bitcoin, Ethereum, foreign currency, and stocks, converting UNIT tokens to fiat currency requires using an exchange.
The exchange converts UNIT tokens to cash based on current market rates, offering a simple way to transition from UNIT tokens to fiat currency.
Do UNIT token sales include commissions, and if they do, can you explain how these commissions work?
In the UNIT token sale, the core team receives a designated token bonus consisting of 20% in UNIT tokens and 10% in cash.
After distributing the 10% cash bonus, 90% of the funds from private token sales are reserved for strategic purposes.
These funds are not used for operational expenses but are directed towards strengthening the network and protocol value.
This strategic allocation helps establish and uphold the floor price of the UNIT token.
What privileges do UNIT holders have in the UNIT ecosystem?
UNIT holders possess various rights within the UNIT ecosystem.
They can redeem the token's floor value directly from the UNIT treasury.
UNIT holders can engage actively by staking in vaults and liquidity pools, purchasing other tokens, and staking for bonding rewards.
This diverse engagement offers flexibility and aids in securing the network while nurturing a dynamic and resilient token ecosystem.