Be the leading token for the digital asset industry. The Unit token powers the Token network.
**We need the Unit token to use the Unit Network, for transfers.
** Unit tokens represent XYZ
** They provide access to the digital economy through a micro-geography,
Total Circulating Supply : 100 million UNIT 50 million of UNIT tokens sold in five rounds: Round 1 - $0.10 raising $1mil at $1mil market cap Round 2 - $0.20 raising $2mil at $4mil market cap Round 3 - $0.40 raising $4mil at $12mil market cap Round 4 - $0.80 raising $8mil at $32mil market cap Round 5 - $1.00 raising $10mil at $50mil market cap 20 million UNITs go to the core team and extended team, where each of UNIT co-founders and partners receives 100,000 UNITS with a three-year cliff and a five-year vesting period. 30 million sit in the Access (A) and Base (B) Treasury to maintain a level of stability and not be susceptible to volatility and the fluctuations that most tokens face currently.
With low capital expenditure, we don't require to invest significantly and allocate funds for our growth. We benefit from developing transactions between providers and customers and raise $25 million to allocate towards our different city growth, educational programs, community forums, and various marketplace platforms. The funds crowdfunded through the sale of UNIT tokens will create millions in dollars of transactions for providers, customers, community members, and support the creation of a fair economy within these different industries.
UNIT tokens are the fuel and engine that's driving the UNIT ecosystem and economy. Every transaction that happens within the UNIT network and blockchain interacts with the UNIT tokens through service fees. A percentage of the service fees get converted to UNIT tokens, which are then burned and removed from the ecosystem. The UNIT tokens also allow for different tokens to talk to one another and be exchanged. Over time, as the UNIT communities, ecosystems, and network grow, we can reward various members of our network's ecosystem with more tokens. UNIT Tokens are currently listed on some exchanges, and we've also built our own internal token exchange. The UNIT ecosystem and roadmap's goal is to offer a seamless exchange and use of UNIT tokens to reach the point where the interaction and transaction of tokens become second nature and don't feel like using technology. We're continually working on providing more liquidity, usage, and distribution of the UNIT tokens. We want to ensure that our providers, customers, communities, and the team feel comfortable, motivated, and grow with our UNIT community, the UNIT token, and the UNIT ecosystem.
Alongside that, we have 50 million left of the total UNIT supply. 20 million UNITs go to our core team and extended team, where each of our co-founders and partners receives 100,000 UNITS with a three-year cliff and a five-year vesting period. After the first three years (vesting period), 60,000 UNITS can be sold, distributed, or exchanged. After five years, 100,000 UNITS will be fully available. The remaining 30 million UNITs are in the Treasury, which is what we hope to use as the foundation and for our pools to ensure that UNIT can maintain a level of stability and not be susceptible to volatility and the fluctuations that most tokens face currently.
‘Peg’ means to tie the value of one token to another. Pegged tokens are generally useful for payments, treasury management, exchanges, and wealth preservation. A Pegged Token network defines a set of pegged tokens, which reflect real market assets such as currencies, precious metals, other cryptocurrency assets, commodities, etc. For example, a token pegged to USD can be used to make USD purchases, and both the buyer and seller can be assured that the payment with the pegged value will be very close to equal to the dollar equivalent. For companies holding cryptocurrency assets, the ability to convert parts of those assets into a dollar peg can help to preserve capital when the cryptocurrency market is low. Exchanges that deal only with cryptocurrencies can use values pegged to real-world currencies to create pegs to USD or EUR without having to deal with the traditional banking system to hold those assets. Tokens pegged to other assets like precious metals allow users to hold Gold or Silver values on a cryptocurrency exchange. Pegging to cryptocurrencies can facilitate transactions representing Bitcoin or other cryptocurrency values without the transaction limitations that might exist on those blockchains. Pegging values to other commodities or assets are possible, expanding the use cases for a Pegged Token Network.
Token price calculated based on underlying assets