Blog Post

Uniswap Plus Unicrypt - Driving Investment Forward

David Hamilton • Dec 24, 2020

Anyone with experience trading on Uniswap can tell you it’s tricky, to say the least. Uniswap is the world's top DEXs (decentralized exchanges) at this time. The platform rose to fame via a combination of factors, including the ability to seed any market. As such, the network plays a vital role in providing liquidity for new projects.


In the Uniswap ecosystem, users need to first seed their market. This task requires developers to load both the project’s token and ETH into a pool. Once the market is open to the public, anyone can provide liquidity to the pool and earn rewards. When an investor provides liquidity to these pools, they receive LP (liquidity pool) tokens in return. 


These tokens represent their investment and the overall value of the pool. The more liquidity in the pool, the more value these LP tokens hold. In theory, the concept works great. However, whales and nefarious developers can put a monkey wrench in the entire process when they unexpectedly remove liquidity from the pool.


As of late, Uniswap has seen its share of rug pulls. These scamsters intensified their efforts when DeFi (decentralized finance) began to take flight. The combination of these new technologies and investors’ FOMO (fear of missing out) has led to a dangerous scenario in which investors are at the mercy of developers. As you would imagine, it doesn’t end well for the investors when this is the situation.


Major Losses in 2020

This year has seen an uptick in large platforms exiting the market unannounced. In one highly-publicized incident, the founder of Sushi Swap left investors high and dry. In this particular scam, the main developer behind the project decided that he would rather have the full liquidity to himself rather than using it on furthering his project.


Sadly, Chef Nomi unexpectedly cashed Sushi Swap out tokens in exchange for 37,400 ETH. At that time these tokens were worth about $13 million. Consequently, Sushi Swap prices crashed. However, the project wasn't a total loss as Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX, stated he would take control of the project. Not every project is so lucky.


Why Uniswap Investors Needs Unicrypt

It would be hard to argue the crucial role that Uniswap plays in the market today. However, the platform is not perfect. Its lopsided approach leaves much to be desired by investors. It’s in these areas of possible improvement that Unicrypt fills the void perfectly.


Unicrypt introduces a proprietary token launch and liquidity lock mechanism into the network. The way this system works is simple. Unicrypt leverages a new smart contract known as
Liquidity Lockers. These smart contracts allow developers to publicly lock liquidity on Uniswap for a predetermined period.

The goal of the project is to restore lost trust in the market and provide investors with more protection. Not surprisingly, the concept has proven to be a major success. The network currently shows $47.44 million in locked liquidity across 2509 liquidity lockers. Consequently, Unicrypt lockers are the most popular locking protocol in the Uniswap ecosystem.


Unicrypt Browser

The Unicrypt browser works hand-in-hand with the locking protocols. Users can easily browse through all locked liquidity pools on Uniswap utilizing this browser. The portal provides all the relevant information for each locked pool such as the termination date and total funds locked. In this way, investors can make an informed decision. Additionally, projects that utilize Unicrypt see more investor exposure.


Unicrypt Tokens

There are two token types the Unicrypt network utilizes to provide investors with more protection and control. The first token is the UNCX token. This token functions as a deflationary governance and utility token. The more UNCX tokens a user holds, the more say they will get in the network's voting system.


Additionally, UNCX token is what developers use to pay fees. Specifically, most projects will fall under a flat fee of 1 ETH + 1% of the liquidity tokens locked. Notably, larger projects pay 100 UNCX tokens +0.8% of the liquidity tokens locked. Keenly, these 100 UNCX tokens are burnt. As of late, deflationary DeFi protocols have been a top priority for developers. Their concerns are valid as up until their introduction, platforms had little control over their token's value. 

 

Interestingly, Unicrypt offers Yield farming-as-a-service Dapp. Participants enjoy higher ROIs because they earn 0.3% fees on any liquidity provided to Uniswap plus the yields stated in this Dapp. This strategy has led the platform to see continued adoption. Unicrypt currently shows around $790,000 locked in yield farming contracts at this time. Developers stated that they are working on the largest farming pool to date. No official release date was mentioned as of yet for this pool.


The
UNCL token functions as the sustainable yield farming token of the platform. Users can farm this token to receive rewards. The more tokens you farm and the longer your contract, the more rewards you receive. There are 143,195 UNCL in circulation currently. Impressively, users will gain the ability to stake UNCL tokens soon


The Unicrypt Interface

Unicrypt's intuitive interface makes it easy to invest in liquidity pools. You can utilize the browser to narrow down your search to only top-quality projects. Impressively, the browser makes it easy to track and monitor all of your farming activities in real-time as well.


Using Locking Mechanisms to Promote Your Project

Savvy developers understand that investors want some sort of guarantee that their money will not be stolen. Until recently, this promise wasn't an option. Now, developers can lock their liquidity up for years to demonstrate to investors their commitment to a long term strategy. Best of all, investors seek out Unicrypt locked projects because they know that these are the platforms that are most likely to succeed.


Any developer can lock their project in Unicrypt. In this way, it complements Uniswap's open listing policies perfectly. Developers were wise to not impede on Uniswap's strategy but rather to expand on it in a way that builds confidence in the network at a time when it’s needed most.


Unicrypt Takes Uniswap Up a Level

The developers behind Unicrypt succeeded in complementing Uniswap in a manner that is conducive to further growth in the sector. Investors need protections such as locked liquidity mechanisms to build confidence in the fledgling market. Consequently, Unicrypt serves a valuable niche that is set to expand in the future. For now, users and developers can differentiate their projects from the masses utilizing Unicrypt's unique system. Also, liquidity Lockers smart contracts are built in with the Uniswap v3 upgrade planned for the coming weeks.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  
By Press Release 20 May, 2024
The team at HarpyCoin proudly announces the launch of Phase 1 of their presale. This phase has already raised over $23,000 without any marketing efforts.  With marketing campaigns starting now, HarpyCoin aims to reach $1.5 million. The Solana-based token boasts unique utilities, including staking, a DApp, and a swap feature. Learning More about the Project's Presale HarpyCoin's Phase 1 presale is live, attracting significant attention despite the absence of marketing. The project has raised over $23,000, with strong, genuine initial interest. With marketing efforts now in full swing, the team expects to reach over $1.5 million in funding. During the presale, HarpyCoin tokens are available at a discounted price starting at $0.002288. This special offer is only available during the presale period, making it the perfect time to secure HarpyCoin tokens. The presale opened on May 6 and will end on June 30. During each phase, participants can purchase tokens at a discounted price. Following the presale, HarpyCoin will go live on various cryptocurrency exchanges to provide liquidity and accessibility to the project. The team will announce exchange listings soon. Here's a breakdown of the presale phases: Phase 1: Price - $0.002288, Max Tokens - 59,000 Phase 2: Price - $0.002368, Max Tokens - 57,000 Phase 3: Price - $0.002647, Max Tokens - 51,000 Phase 4 (Final): Price - $0.002755, Max Tokens - 49,000 Listing Price: $0.003250 Utility and Features HarpyCoin stands out with its diverse utilities. Users can stake their tokens and earn appealing APYs. Staking with HarpyCoin offers regular APYs, which the team will announce once the feature becomes active. More details about the staking protocol will be available when the feature goes live. The project also offers a DApp and a swap feature, enhancing user experience. When HarpyCoin reaches a certain market cap, a surprise use case awaits. The team will launch a Crypto Fair Platform, allowing users to attend events like Token2049 virtually (online or in VR). Concerning the project's DApp, HarpyCoin introduces an advanced application and swap system. Built on the Solana network, the DApp leverages lightning-fast transaction speeds and low fees for top performance. Users can enjoy high-speed transactions without worrying about high costs. The DApp features an intuitive interface, ensuring ease of use for beginners and experienced traders. It supports non-custodial trading and offers robust security measures. Users can participate in liquidity pools, earning rewards by providing liquidity for trading pairs. HarpyCoin ensures a seamless and secure trading experience for all participants. About HarpyCoin HarpyCoin is a new project led by a dedicated team of crypto enthusiasts. The team has already successfully launched different crypto projects. With a wealth of knowledge and expertise, they bring transparency, integrity, and a commitment to delivering results. The team members are well-versed in understanding the complexities of the crypto space. By choosing the Solana network, this team wants to capitalize on its lightning-fast transaction speeds, low fees, and growing ecosystem. What drives the HarpyCoin team is a shared vision and determination to succeed. They believe in community-driven projects and fostering a vibrant, inclusive ecosystem. HarpyCoin stands out by adopting the majestic Harpy eagle as its symbol. The eagle embodies strength, power, and resilience, reflecting the project's vision. Unlike typical meme tokens, HarpyCoin aims to make a bold statement in the crypto world. Anyone interested can visit HarpyCoin's website to participate in the presale. Early investors will need to follow the instructions to complete a purchase and receive the tokens before the launch. Furthermore, the social media pages below will regularly share updates on the project with the HarpyCoin's community. X (Twitter) | Telegram | Medium
By Press Release 20 May, 2024
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The Downtown area in World of Dypians is a futuristic territory with limitless opportunities for exploration and discovery. Players can enjoy exciting adventures and unprecedented immersive gameplay here, where some of the industry's biggest names have their own dedicated areas. The update patch v0.2.4 brings three new prestigious guests, integrating CORE, VICTION, and MultiversX, enhancing WOD's leading MMORPG reputation. The three new areas in WOD feature new quests, advanced gameplay mechanics, and fantastical elements. They introduce players to state-of-the-art technologies unrivaled by other virtual worlds, building toward a truly unique gaming experience. The addition of the new partner areas plays a significant role in the other upcoming features of WOD: Enhanced Chain Leaderboards World of Dypians features specific leaderboards for each chain, including BNB Chain, SKALE, and the upcoming CORE, and Viction networks, enabling all players to compete in a league of their own. The new update will reward the users of each chain with STARS in the Daily Leaderboard. These STARS will improve the rankings in the Challenger Global Leaderboard, where the top 10 players with the most STARS win substantial rewards. However, the Weekly and Monthly leaderboards will not undergo this change. New Challenger Global Leaderboard World of Dypians challenges players to multiple quests and adventures, delivering considerable rewards in addition to fun and excitement. The most skilled and dedicated players will fight for the summit positions in the new Challenger Global Leaderboard. Their final rankings depend on the STARS they collect from chain leaderboards and other in-game activities. More importantly, the top 10 players will be celebrated and rewarded accordingly. Daily Bonus New Addition Premium subscribers now have the exciting opportunity to open 20 chests daily from each chain, including new partners Viction and CORE. 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For instance, players can purchase a premium subscription on Core DAO and access exclusive benefits, such as early access to new content, special in-game items, and priority access to events. About World of Dypians World of Dypians (WOD) is an MMORPG designed by Dypius that features advanced AI, cutting-edge graphics, and immersive gameplay. The game takes place in a virtual world that abounds in engaging quests, brand-dedicated spaces, and must-play adventures. The new collaboration with Core DAO, Viction, and MultiversX proves WOD's constant rise in reputation and appeal within the increasingly competitive Web3 space. Each new partner area boasts exceptional challenges and thrilling adventures, inviting players to explore the rich World of Dypians and uncover its hidden secrets. This charming virtual world is now home to more diverse landscapes, new characters, and endless opportunities, confirming its industry-leading position and undisputable potential. 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By Press Release 20 May, 2024
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By Press Release 18 May, 2024
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