Unit Network • The DAO of DAOs

DAOs are being created to achieve purposes as diverse as investing, community networking, governance dApps, and driving social impact.

Rather than concentrating ownership into the hands of founders and investors, DAOs distribute ownership to a variety of stakeholders in an ecosystem, including contributors, users, strategic partners, vendors, and so forth.

Similar to how Google changed Search, Facebook transformed social networks, Apple led the way for smartphones, Unit revolutionises tokens/value – bringing the token economy to the mainstream.  We believe that Unit Network and the token economy are going to change the world more than search, social networking and smartphones put together.

By combining the utility of decentralised exchanges with the upside of the creator economy Unit Network offers a technology capable of sustained positive impact for individuals, businesses and the wider economy.

For further reading please see these brilliant articles below from thought leaders in the Web3 space from which the above has been derived.

DAOs - Absorbing The Internet
DAO Guide
DAOs, DACs, DAs and More: An Incomplete Terminology Guide

For additional information on Unit Network please see the links below or join the Unit Network Discord to ask any questions you may have.

The problem?

At Unit, we strongly believe that the world needs a more fair and equitable economic system, aligning incentives between customers, employees, founders, and investors.  Tokens provide this better system by applying blockchain technology to enable better ways for value to flow and be distributed. That’s why we built Unit Network – the fastest, easiest, and most advanced token builder. 

The DAO way:

• Give equity to contributors
• Raise funds with tokens
• Make decisions together
• Operate globally

Companies
DAOs

Change every industry

At its heart, Unit Network is a community and financial management technology. A a free, simple and secure pathway for businesses, projects and individuals to create their own tokens / DAOs.

Grants
More nimble / transparent capital allocation than formal bodies.
Investment
Pool capital and invest in projects at their earliest stages.
Creators
Own your work and share the success with your community
Communities
Decentralise governance using tokens, polls and contests.
Influencers
Create a community and offer ways to lean into becoming a part of a digitally-native tribe.
Sports & Athletes
Galvanise your supporters. Focus on social capital rather than financial capital.
Start Ups
Bootstrap a project by rewarding early adopters / investors
Professionals
Raise funds and allocate capital transparently
Media / News
Give that power back to those who consume the content.

Tokenomics & Utility

  • Ticker: UNIT
  • Total Supply: 1,000,000,000
  • Total Sale Supply: 500,000,000
  • Staking Rewards: 200,000,000
  • Total Operations: 100,000,000
  • Core Team Distribution (200 People): 200,000,000
Within Unit Network users can participate in a variety of incentives to support the network growth and increase token holdings.
1. LP (liquidity pool) stakingStake UNIT and receive exchange fees when users buy / sell UNIT
2. Bond stakingStake UNIT to earn 10-100% APY. Staking rewards are distributed weekly
3. VaultsLock UNIT in a vault to take out loans with no margin call, expiry date or interest
4. Buy City / Industry TokensUse your UNIT to purchase tokens from various industry and city DAOs
5. Treasury Use UNIT as a reserve asset in your token treasury to establish a floor
6. RedeemSell tokens back to the UNIT Treasury to redeem your share of the assets held

Network Fees

There is are two protocol fees to ensure (and reward) honest use.
Exchange Fee = 2% distributed as:

+ 0.5%
Shared by the liquidity providers
+ 0.5%
User who referred the exchanger
+ 0.5%
To the the UNIT treasury as USDU
+ 0.5%
To the other token treasury                     

Withdrawal Fee = 1% distributed as:


+ 0.5%
To the Unit Treasury
+ 0.5%
To the Vault processing the withdrawal

Unit Initiatives

Unit offers a new framework for large-scale human coordination and at the heart of it is organisational culture which drives Unit Network as well as each of the five growth initiatives. Each Initiative has a mandate and a dedicated team managed by one or more Unit Core Team members that coordinate and support achievement of the protocol’s key goals.
  • Unit Conference - A community led, bi-annual series of Crypto, City and Industry
  • Unit Ventures - A 10 week tokenisation program helping individuals
  • Unit Masters - A free, 6 week program focused on the fundamentals
  • Unit University - A knowledge resource repository for the Token economy with
  • Unit News - Daily news, interviews and updates for the Unit Token economy.

The Unit Network Ecosystem

We believe that transparency and substantiated value are extremely important to the longevity of financial technologies. Therefore all tokens issued by Unit Foundation are backed by 17 different blue chip assets which all users are able to see transparently in the token treasury at any time. Below are six levels of tokens, each supporting the value of the other.

6. Individual & Business Tokens

5. Agency / Fund Tokens

4. City & Industry Tokens

3. Stable Tokens

2. UNIT Token

1. Blue Chips

Unit Network Core Features

Token / DAO Creator

DAOs are — or can be — a lot more than just a Discord channel with a native token. Rather, they are entities geared towards a shared purpose: the creation of value.

Creating a token on Unit Network is very simple and can be done from the 'create' tab once logged in. All a user needs is:

1. Name (e.g. Professor Moon)
2. Total supply (e.g. 10,000,000)
3. Symbol (e.g. MOON)
4. Image (e.g. Logo)

While this is simple to execute it is worth taking a moment to consider the Total Supply and Symbol as these CANNOT be changed after the token is created.

The Treasury

Every token created on Unit Network has access to several powerful features to help creators build and manage their token economies, the most important of which is arguably the Treasury.

Once digital assets are transferred into a tokens' treasury they are only redeemable by the token holders, who can choose to sell their tokens back to the treasury and redeem whatever digital assets have been sent there.

We offer a mechanism by which any user can establish the floor price of a token and substantiate the tokens value with deflationary digital assets like Bitcoin.

In the Unit token economy, the Treasury is a transparent, immutable way by which value can be distributed to token holders.  Whatever is added to the Treasury become the reserve assets of the enterprise and gives token holders ownership of those assets equal to their proportion of token holdings.

The Vault

The Unit Network Vault is a multi-faceted feature that allows any UNIT Token holders to borrow against their UNIT as collateral and most importantly of all, improve platform security.
  • Facilitates wrapping of crypto (BTC / ETH / DOT etc) onto the Unit Network in a decentralised way (unlike WBTC)
  • Less sell pressure for UNIT (as people can get a loan against UNIT instead of selling it on the market)
  • More UNIT locked up over time (as it will be held in Unit vaults)
  • Allows anyone to receive staking rewards for wrapped crypto tokens on the Unit Network (BTCU/ ETHU / DOTU etc)
  • More demand and buy pressure for UNIT, as a reserve for the vaults with no risk of being liquidated/margin called. As this way the deposit / withdraws work is to ensure that the most over collateralised vaults receive the deposits / wrapping, and the least collateralised vaults handle withdraws / unwrapping - balancing it over time.

Decentralised Exchange (DEX)

Every token created on Unit Network is able to open a decentralised exchange pool most commonly known as DEX. The protocol used is called an AMM (Automated Market Maker) and is akin to project like Uniswap, Bancor, SushiSwap, PankcakeSwap etc.

An important feature of AMM's is that it allows projects / tokens that may initially have low liquidity to create a market that sets a price for the token and facilitates buying and selling, and of course offers an alternative to centralised order-book exchanges.

While the process of using these decentralised exchanges is relatively simple there is some complex logic which underpins the AMM protocol and we encourage all users to take some time to understand how they work to ensure they are making considered trades.

A final note is that ALL exchange pools on Unit Network have a USDU pairing:

BTCU / USDU
ETHU / USDU
VILLAGE / USDU
MUSIC / USDU
Etc...

It is NOT possible to create an exchange pool against other tokens:

ETHU / BTCU
DOT / VILLAGE 
SOLU / ADAU
Etc...

Staking & Liquidity Pools

The process of staking tokens is what allows AMM's to work in the first place. Without stakers there is nothing to trade against.

On Unit Network staking is incentivised by offering a 0.5% reward of the total trade to the staking pool as mentioned above.

Wrapped Tokens

The wrapping and unwrapping will happen automatically when depositing and withdrawing but it is important to note that deposited crypto will function inside the network with a 'U' behind it.

Currently Unit Network supports wrapping and unwrapping of:

BTCU - Bitcoin (BTC)
ETHU
- Ethereum (ETH)
BNBU
- Binance Coin (BNB)
SOLU
- Solana (SOL)
DOTU
- Polkadot (DOT)
ADAU
- Cardano (ADA)
MATICU
- Polygon (MATIC)

Stable Tokens

Unit Network offers 22 crypto-backed stable tokens to increase platform utility.

Stable tokens like USDU are purchased with crypto, which is then sent to the stable token bank. Given the deflationary properties of the different crypto-currencies we support it is expected that over time these stable tokens will be over-collateralised and a means to support trading stability within the platform.

As USD is currently the global reserve currency we have adopted USDU as the primary exchange pair for all token DEX's within the network.

Currently Unit Network offers:
USDU - United States Dollar
GBPU
- British Pound
EURU
- Euro
AUDU
- Australian Dollar
CADU
- Canadian Dollar
BRLU
- Brazilian Real
ZARU
- South African Rand
TRYU
- Turkish Lira
RUBU
- Russian Ruble
JPYU
- Japanese Yen
SGDU
- Singapore Dollar
NOKU - Norwegian Krone
MXNU
- Mexican Peso
PLNU
- Polish Zloty
INRU
- Indian Rupee
SEKU
- Swedish Krona
NZDU
- New Zealand Dollar
HKDU
- Hong Kong Dollar
CNYU
- Chinese Yuan
CHFU
- Swiss Franc
KRWU
- South Korean Won
IDRU
- Indonesian Rupiah