This Is Unity – Unity Coin
Unity Coin — An Exciting Addition to the Crypto Ecosystem
As the crypto winter continues to cause capitulation across social media platforms, visionaries with drive and motivation continue to build. The cryptocurrency ecosystem continues to produce active projects and communities that love them. The latest addition is a project that has been quietly operating for the last 18 months: Unity Coin — www.unity.sg
Based in Singapore, and the brainchild of Ali Camarata and Rostik Rusev, Unity is comprised of team members specializing in AI and automated bots. It is a project that seeks to encompass more than traditional cryptocurrencies. While most ICO’s in 2018 raised large amounts of capital only to vanish or flounder, Unity has survived by keeping their team small, and vision focused.
Started in 2018, the team ran an Alpha build for a year to get a functional product. The Beta was then opened for 6 months, and Unity has been in the Soft Launch Phase since Oct 21st
Vision
The Unity project is ambitious. It seeks to not only create a unique asset but to create an entire ecosystem built around transparency, charity, and ambition. Let us look at the coin itself first.
Coin
The Unity coin is an asset-backed stablecoin native to the Waves DEX. In short, the coin is backed by assets across a diversified market. These assets include popular cryptocurrencies and are weighted to minimize losses while protecting upside. In this manner, the team has created an asset to take advantage of cryptos inherent upside while protecting from the large drops in value we have seen over the past several months.
In fact, Unity’s value has risen over 4x this year. Compared to Bitcoin’s value and volatility, Unity appears to be the better choice for individuals looking for sustained growth over time. Of course, the past is no indication of future performance, but this chart does paint a positive picture.
Like Bitcoin, Unity is held in software wallets on desktops/laptops. Creating a Unity wallet is a simple process of signing up and backing up the seed phrase, much less effort than creating a Coinbase or even a Binance account. As all Unity coins are managed by users, there is no risk of a third party confiscating or taking possession of them.
Remember, back up your seed phrase — not your keys, not your coins. Unity’s promise of delivering self-sovereignty relies on users exhibiting responsibility and taking control of their backups.
The Unity wallet, while functional, is still being developed with features like portfolio management and VIP concierge services forthcoming. Future modifications will only serve to flesh out the wallet’s functionality and usefulness. Immediate plans include support for the most popular cryptocurrencies.
The wallet lets users connect directly to the Waves DEX, which allows the purchase and selling of Unity coins. For a project still in early Beta, this is an exciting look at the project’s potential. While most retail investors are still hesitant to jump back into the crypto market, this clean interface and solid infrastructure will be enticing once the market recovers.
Charity
As a non-profit, tax-exempt entity operating in Singapore, Unity is incentivized to provide the best product for the users so that, in turn, more goes to the vetted charity projects. After the company’s costs are covered, the remaining will be donated to the Unity Charity. The team has already made important contributions to Rohingya refugee camps throughout the Asian continent, highlighting their desire to improve humanity. In this way, being involved with Unity is to be involved in helping raise up those less fortunate than ourselves.
Additionally, this will help convert the crypto-doubtful or those who have been involved in scams like Bitconnect. A win for Unity means a win for us as a global community.
Web, Mobile, and Desktop apps for Wallet will all be made available in their 1.0 debut.
To learn more about Unity Coin and getting involved, jump onto the Telegram Channel https://t.me/theunitycoin.
The whitepaper can be found here: https://www.unity.sg/uploads/2019/10/unitycoin-wp.pdf
Published at Tue, 26 Nov 2019 17:35:41 +0000
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