UNFI Coin price Prediction – Why is UNFI rising? Review and Chart 2022
UNFI Coin Price Prediction 2024
UNFI Coin It is among the crypto coins traded on stock exchanges. UNFI Coin comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
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UNFI Coin ?
UNFI Coin ? UNFI is the management token of the smart contract platform Unifi Protocol, which provides a multi-chain and interoperable framework for developers to build DeFi products on various blockchains.
Founder and year of founding: Juliun Brabon / 2020 Blockchain: Ethereum, Binance Chain and more Total supply: 10 million UNFI Total supply in circulation: 4.3 million UNFI Total locked assets: $22 million Market cap: $160 million Purpose of the project: To enable traders to transact across different chains simply, quickly and efficiently
Users can stake UNFI on Unifi Protocol, authorize Community Council Agents with UNFI and earn rewards in these ways.
UP token earned by purchasing UNFI tokens on the open market or providing liquidity to Unifi-based products’
UNFI is available as both BEP 20 and ERC-20. The token is available on Binance Chain and Ethereum. Launched with the Binance Launchpool held on November 14
, 2020, UNFI has a total supply of 10 million. About 50 percent of them are in circulation as of today.
During the token sale, 400 thousand UNFI tokens were distributed on Binance Launchpool. Between November 14, 2020 and December 14, 2020, a total of 400 thousand UNFIs were awarded to those who staked BNB, ETH and BUSD on Launchpool.
On the other hand, the protocol; In addition to Ethereum and Binance Chain, it can also be used in Harmony, Ontology, Tron, Avalanche, Polygon, IoTeX and BitTorrent.
In addition to UNFI, which is the management token in Unifi Protocol, two separate tokens more are found. The first of these are Unlimited Potential (UP) and uLiquidity (uL) tokens. UP; It is awarded to liquidity providers as a reward. uL is used as proof that liquidity providers are providing liquidity to eligible pools. UL tokens can be exchanged for UP.
Unifi Protocol’s investors include Binance, as well as companies such as Bibox, BitBlock Capital, Consensus Capital, MEXC Global, Crc Capital.
< h2>Token distribution
4 percent of the UNFI token supply was distributed on Binance Launchpool. Other distribution ratios are as follows:
Seed sales stage: 6.5% of the total supply Private sales stage: 12% of the total supply is reserved for the team : 15% of total supply is Ecosystem support: 10.50% of total supply is reserved for Binance Chain ecosystem: 1% of total supply is Reserved for community development: 51% of the total supply is
Why is UNFI rising?
One of the most frequently asked questions about UNFI these days is how cryptocurrency suddenly experienced a 10-fold price increase. UNFI, which was traded at $ 3.5 on June 7, rose more than 1000 percent, reaching over $ 40 in a short time. This rise in UNFI was primarily related to a major change that was approved for the Unifi Protocol. A new incentive system has been created on the protocol and it has been noted that users can now earn more passive income through UP.
Which exchanges exist?
UNFI; It is already listed on many leading cryptocurrency exchanges, especially Binance. These include Coin base, KuCoin , Gate.io, Poloniex, MEXC, Phemex and more.