UniLend (UFT) price, marketcap, chart, and fundamentals info Details about the UFT virtual currency

0
1822
Advertisement
Advertisement
Advertisement
Advertisement

UniLend (UFT) price, marketcap, chart, and fundamentals info

UniLend is a permission-less decentralized DeFi protocol that combines spot trading services and money markets with lending and lending services through smart contracts.

In the money market, interest rates and mortgage rates are based on supply, demand and other market forces and the loan limit is determined by the liquidity in the trading pairs.

Integrated smart contracts for both features of the protocol allow both transactional and DeFi capabilities to coexist in the same protocol. This solves the liquidity and liquidation problems that have constrained the development of DeFi adoption in a broader market.

What problems does UniLend solve?

TVL in the network Decentralized finance (DeFi) as of 23/02/2021 is fluctuating from 35 to 42 billion USD. However, funds coming from a number of cryptocurrencies have dominated DeFi. As a result, many cryptocurrencies are locked outside of the ecosystem due to a lack of support from leading and upcoming DeFi platforms.

While some systems have sought to address this, there is a lot of fragmentation as there is no single system that supports the entire array of cryptocurrencies available in today's crypto market. UniLend is one of the few DeFi protocols that brings the full spectrum of tokens available to the DeFi market.

How does UniLend solve the problem?

UniLend solves fragmentation and limited functionality problems by supporting and providing comprehensive functionality for many types of digital assets, including:

  • Permission-less listing: Any ERC20 token can be listed without the need for centralized organization / DAO to control the process, and the project is exploring the addition of cross-chain support in the future like Binance Chain, Monero, etc.
  • Lending & borrowing: Users have the ability to unlock the token's lending function to receive interest and borrow by paying interest.
  • Trading: A matching trading pair will work on UniLend to include decentralized spot trading functionality.
  • liquidity: By providing liquidity, users can receive a fee corresponding to their liquidity pool stake.
  • Governance: The protocol will be managed by token holders through proposals to ensure adjustments to the protocol are made with majority consensus.
  • User Interface / User Experience: Intuitive and user-friendly interface designed to provide seamless trading and lending / borrowing experience.

What is UFT Token?

UFT is the native token of UniLend, or UniLend Finance Token. Toekn will have a lot of use cases related to governance, infrastructure facilities and more.

Basic information about UFT

Ticker UFT
Blockchain Ethereum
Contract 0x0202be363b8a4820f3f4de7faf5224ff05943ab1
Token Standard Governance
Token type ERC-20
Total Supply 100.000.000 FOT
Circulation supply 25.557.500 FOT

Token allocation

allocate the unilend finance token

Token issuance schedule

uft release schedule

 

UFT Token Sale

uft token sale

What is UFT used for?

  • Governance: Used to facilitate management of the UniLend protocol. UFT holders will be able to vote on a number of factors related to the protocol's operation. Such as mortgage rates for specific assets, addition of base pairs, ...
  • Liquidity mining: As stakeholders and maintainers of the UniLend protocol, the LPs will be rewarded for their services with governance in the form of UFT tokens, in addition to a percentage of transaction fees and borrowing fees.
  • Encourage user engagement: Participants of the ecosystem that use UniLend for lending, borrowing, or trading will be rewarded for joining with UFT tokens.

What exchange is UFT traded in?

Currently you can buy on Binance , and MXC or buy on the DEX exchange Uniswap ok

Where to store UFT?

This is an ERC-20 token so it's pretty easy to find a suitable wallet for example: TrustwalletLedger Nano XMyEtherWalletDappradar.. Or you can store it directly on an exchange, where you bought that token. Remember to turn on full security.

UniLend versus Uniswap and Compound

 

UniLend (UFT) Potential Assessment

UniLend team

unilend team

Advisor

advisor unilend

Partnership

ChainLink

IEOs are growing rapidly in the crypto space, and the selection of participants who are selected to participate in the public sale of tokens using the lottery system has become popular.

UniLend used Chainlink's Verifiable Random Function (VRF) to generate a fair and unpredictable source of random numbers (RNG) with verifiable on-chain cryptographic evidence by any person let's join

Ankr

Ankr will provide powerful and secure nodes for UniLend to make it a truly decentralized project. UniLend will run one of their nodes through Ankr's direct and powerful Ethereum API access.

....

Investor

investor unilend

Roadmap

unilend roadmap

Should you invest in UFT?

UniLend is a natural complement to the DeFi ecosystem. In a market predominantly dominated by on more than one token among the possible cryptocurrencies, the protocol offers more options for crypto holders.

Furthermore, by combining spot trading, currency markets, lending, and borrowing in the same smart contract it will effectively remove barriers in DeFi such as payments and liquidity. Additionally, UFT provides owners with administrative rights to put the decision-making process in the hands of users.

Hope the reviews from the project will help you make the right decision to invest in UFT tokens.

Community & Social

 

Advertisement
Advertisement
Advertisement
Binance Reputable Exchange

COMMENT

Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.