Unityfund - Building the World’s Largest Decentralized Charity Network
Overview
Cryptocurrencies are gaining much more popularity faster than expected. Decentralized finance, also known as DeFi, is a fast-growing sector of the cryptocurrency industry. DeFi creates decentralized financial instruments separate from traditional centralized institutions and in the more recent explosion in the popularity of art tokenization as non-fungible tokens (NFTs).
The transformation of the current charity system to incorporate decentralization and algorithmic incentivization mechanisms is a less all explored area of the market, yet one which we accept has a high potential for the making of huge cooperative positive results and of a self-governing, commonly gainful framework that sustains the formation of significant worth and its viable reallocation to all individuals from the framework.
What is Unifund?
Unifund is bringing charity on blockchain by tokenization design and implement a system that will simultaneously create value for token holders, incentivizing them to continually support the community and interact for personal gain, but also in doing so to create an automatic mechanism for taking a significant amount of the value being created by UnityFund and to redirect that to global charitable causes.
While there are many benefits of charity being working on decentralization, one of the most significant is the ability to combine the will of large numbers of geographically disconnected individuals to affect change in global charity causes.
The Unifund Ecosystem
The UnityFund ecosystem will become a collection of smart contracts that work together to do more than just creating and managing a token but will allow for the democratization of our donation process, the ability for UNITY to be staked in order to earn secondary token and for a truly decentralized large scale system of perpetual charity to be created and grown.
Initially, our project begins with a system of taking a tax from transactions to benefit token holders and charities however UNITY can already see many different ways that they can build upon this foundation to create something unique in the cryptocurrency space.
What is the UNITY Token?
The UNITY token is the native cryptographic mechanism that is used to store value within the UnityFund ecosystem, and to distribute it to members of the network in a seamless and optimal way.
UNITY token represents a combination of the energy of our community, the potential incentives they have to join with us, the ways in which the features of the ecosystem open up new and unique benefits for users, and the byproduct of the incentivization of being a part of UnityFund, which is the generation of a significant amount of funds that is autonomously distributed to global charities.
Features of UNITY Token
- Progressive Algorithmic Scarcity - As a part of a 10% transaction tax that will be applied to the UNITY token, 4.5% of that will be added to our Pancakeswap pool as additional liquidity that will allow for lower slippage trading and the ability for better trading to be possible. This has also been put in place in order to manage the scarcity of the UNITY token in a way that will reward users that support our community long term
- Yield Generation - A portion of the 10% transaction tax being dedicated to a process of ongoing donations of 1% to Binance.Charity, 4% of all transactions will be redistributed to UNITY token holders as a way of directly rewarding their participation in and support of the project.
- Value Generation and Distribution - Value is created when early adopters enter our community and UNITY begins to be traded – from that point onwards every transaction will in part go towards supporting global charities, while all UNITY token holders will benefit from both distribution of the 4% provided as yield, as well as the increasing scarcity created by that transaction where 4.5% of its value will be automatically locked as liquidity.
- Unity Fund DAO - The UnityFund DAO will be the first of its kind and will allow for the entire process of donation taxation from transactions, proposals of charities to for the community to consider, voting and donation allocation, conversion of donation, and ultimately the transfer to selected charities to happen completely autonomously from the control or input of the team and in a way to perpetuates and grows our decentralized ecosystem over time.
- Voting - Voting will become a central part of UnityFund, both as a mechanism for fair and effective governance and as a mechanism for further rewarding our community and ensuring high levels of participation with the core workings of the donation allocation system.
Tokonomics
- UnityFund Token Symbol: UNITY
- Contract Address: 0xbBd1FbcCBA8038bB2F3AE15a5ed301BB89A64291
- UNITY Token Network: Binance Smart Chain (BSC)
- UNITY Token Decimals: 9
- Total UNITY Supply: 1,000,000,000
- UNITY Token Circ. Supply After Launch: 420,000,000
Roadmap
Conclusion
UnityFund is, at its core, a system designed to symbiotically link our community’s interests with the interests of millions of people that need assistance around the world. While there are many organizations and people already working to relieve the vast multitude of sufferings that continue to plague humanity, new and innovative ways to assist these efforts will only ever be a good thing for us as a global community.
Useful links to the project:
AUTHOR
Bitcointalk Username: kerupukkulitBitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1218498Telegram Username: @rebonerBSC Wallet Address: 0x9Bf2304EffA0151427817c917a2dD21Cc957B4d0
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