Each day that passes, the tension over cryptocurrency and its various platforms keep building, even more so as more people begin to adopt it. The competition has lead to more innovations, improved platforms and better benefits. One of the notable innovations is the TokenUnion project; they are developing a platform that automatically rewards you for holding crypto (ERC20 tokens).
TokenUnion is a decentralized application that automatically rewards you for holding Ether or ERC20 tokens. It offers its users in possession of ERC20 standard tokens time value of token (TVT) distributions from “withdrawal fees” generated from other users who pull out their tokens early.
PARTNERS
What you have to do is create a Holding Contract to the Ethereum blockchain via our web interface and send their tokens to it. After which a static withdrawal fee is agreed upon, which the user must pay when they wish to withdraw. And from that moment they earn tokens whenever another user pays their withdrawal fees. Your earnings will be automatically distributed in the same proportion of the tokens you hold. After storing the tokens in their Tenancy Agreement, users agree to pay UNI’s static rates, our original tokens, when they want to withdraw. When a user pays a fee, smart contracts programmatically distribute the costs among all network participants as a reward, proportional to the percentage of the Total Value of the network (TNV) they represent.
The withdrawal fee was implemented to penalize selling early (out of fear), and it gets distributed amongst all holders, which goes a long way to leveraging them to hold long due to financial reward. The Holding Contract supports various tokens as underlying base stores of value and supports TVT in any denomination.
How it Works
Benefits of TokenUnion
The TokenUnion Token
Symbolically represented as UNI, this token is a subsidiary of the token used for payment of fees for the TokenUnion withdrawal network. Given the relationship between UNI's utility and market forces, it is likely that demand for UNI will increase as a result of rapid market developments. UNI does not grant the holder any right to any income or remuneration. The only way to use it is to pay a withdrawal fee.
The Team
Shayne Coplan – CEO
Ryan Hendricks – Lead Solidity Developer
Samuel Mlodozeniec – Blockchain developer
Jared Madfes – Director of Operations
Sean Park – Software Developer
Terry Li – Blockchain Developer
Mark Barrasso – Seccurity Engineer
Brandon Latteri – Marketing
Yash patel – solidity Developer
+Advisory Board
Conclusion
All TokenUnion does is to create that much needed safe haven where you can actually store your cryptoasssets and forget it for a reasonable amount of time just like the traditional banking system, and then keep getting rewards while at it; and that is what TVT is all about, earning more value for the time your token stays in the Holding Contract. You would agree with me, this is one of the best innovations in the crypto world. So waste no further time and join this value-added bandwagon as we lead you through to the value you deserve. Follow the links provided below for further information.
Reference Links
Twitter: https://twitter.com/tokenunionio
GitHub: https://github.com/tokenunion/
Reddit: https://www.reddit.com/r/tokenunion/
Telegram: https://t.me/tokenunion
Website: http://tokenunion.io/
Whitepaper: https://docsend.com/view/hj4tdrk
Bitcointalk: https://bitcointalk.org/index.php?topic=3743898.0
Authored by: Davison
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2075838
Wallet: 0xcd3AA411AAF6Ab5017394e00Ad49eCF6B39Ee84B
