Good friends, I greet everyone on my Blog! Today I will talk about a very exciting ICO project. We will discuss how TokenUnion platform is implementing blockchain technologies in the gambling industry, and we will also talk in detail about the details of the ICO !So yes! their official website: http://tokenunion.io/
The economy of tomorrow will be tokenized. Blockchain-based tokens will represent fungi-ble assets, utilities for decentralized applications (dApps, and tradeable value of all types.) The use of tokens will be inefficient and ordinary people will have many tokens and transactin avariety of digital currencies.
The integral component of any sustainable econ-omy is safe method of storing value while the value of money is the value. The time value of money is the idea that a given amount of value is the present This is the core principle behind paying interest on fiat savings accounts and the same principle will eventually apply to tokens.
TokenUnion provides token holders a novel mechanism for the time value of tokens (TVT, rewarding They are going to hold long-term in a proven fair nature, similar in fashion to a traditional savings account. Users create and deploy what we re who have a comedely decentralized and trustless roken storage method in which they can store their ERC20 mkens, and hence their holdings added to the TokenUnion network, where they are eligible for rewards.
Powering the economic principle of the nion network is the implementation of a withdrawal fee, which is the user agrees to pay on deposit. The withdrawal fee is both the source of the reward payouts and the method of disincentivizing carly withdrawal. When a uscr withdraws his or her tickets and pays the fee, the value is distributed to cache the participant proportional to the value of the participant's holding contract in the total value of all Holding contracts on the network Total Network Value or TNV) , This distribution of value gets made in our autonomously converted to native token, UNI, but the user can choose to have their respective to hold, thus by increasing token holdings This allows users to grow the underlying size of their position while the maintsining posure to the price appreciation of the respectively held tokens.
TokenUnion is a first-of-its-kind financial experiment that generates an unprecedented way while inherently srdating incentives to hold long-term. We see TokenUnion as an integral part of the token coosstem of tomorrow. as one of the leading methods of storing value shay nee tokretunion
The Problem
Token Holders have no safe method for storing their cryptoasets in the same "set it and forget it" fashion that they were used to legacy banking institutions.The fundamental difference between a token-oriented HoldingContract and a traditional USD savings account is that the former must support a number of tokens as underlying base stores ofvalue, and hence any denomination in TVT support. Traditional yield generation, on the basis of the fiat in denominated, in which borrowers spend andearns. The crypto of TokenUnion users would have been exchanged to fiat afterwards, then paid back on interest and exchanged back to hold currencies, it would be for the unfavorable TokenUnion users if their tokens are worth the interest of the interest rate .So, lending out user funds could cause users' ability to benefit from the appreciation in price of the underlying assets during theloa n.We identified that the crypto ecosystem lacked a solution that would allow both the ability to capture the underlying cryptasets, as well as earn in the denomination of said cryptoassets, thereby increasing the total size of their stake.
The Solution
TokenUnion offers users holding Ether and ERc20 standard tokens Tvr distributions based on the fees generated by other users who withdraw their ether and tokens early Users visit our interface, create and deploy a Holding Contract to the fee only they have the private key to send their tokens to it, at which point a static withdrawal earn calculation that the user agrees to pa when they withdraw and then from that point on whenever someone else pays their withdrawal fee. The value they are automatically distributing back in the same tokens they hold.
At the heart of TokenUnion's innovative TVT model The withdrawal fee is determined by the static amount denominated in UNI, which is determined at the time the tokenens are sent to a TokenUnion Holding contract. The fee equates to the real-time UNI market rate of 5% of the ether-based value of the held tokens. Le If someone sent 1000 Ether worth of Holding Contract, their fee would be the market rate 50 Ether in UNI. As per the accrual, the same formula (5% in and the sum is to the withdrawal fee). Determined at UNNIS applied to incoming referrals, the time the tokens are sent to Holding Contract, and affected only by instances of received reward, fee be The fee is static in UNI e. 10,000 UND, and hence dynamic only to one variable: the market rate of UNI. Partial withdrawals will not possible in the immediate future as it will decrease the incentive to hold long Nonetheless, in the future, we reserve the right to explore implementing a more complex withdrawal fee algorithm which will allow for dynamic calculations and incremental withdrawal
Token
Token UNT is the utility token used for the withdrawal fee for the TokenUnion network. between UNI's utility and fear in the market, it's possible that demand for UNI will increase in response to catastrophic market events. UNI does not entitle its related holder to any profit or rew ard whatsoever Its sole use is fol the utility of paying the withdrawal fee.
For more information we invite you to visit the following Links:
Website: http://tokenunion.io/
Whitepaper: https://docsend.com/view/hj4tdrk
Facebook: https://www.facebook.com/tokenunion/
Twitter: https://twitter.com/TokenUnionIO
Telegram: https://t.me/tokenunion
Reddit : https://www.reddit.com/r/TokenUnion/
Linkedin: https://www.linkedin.com/company/tokenunion/
Medium: https://medium.com/@tokenunion
Github: https://github.com/TokenUnion/
Author: Ankit Kumar
Bitcointalk profile: Author profile link : https://bitcointalk.org/index.php?action=profile;u=1179048
