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TokenUnion

volf22(26)

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The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day.

People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is TokenUnion.

TOKEN UNION

TokenUnion is a decentralized application that automatically rewards you for having EE tokens or ERC20.

A better way to store crypto.

The distribution of rewards is completely autonomous

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.

Totally decentralized and fair

TokenUnion Network does not depend on the central authority to operate. It works completely alone, based on conditionalities that have been specified written in the code. This will work as planned during the existing block chain of Ethereum.

Get a giftUsers send tokens to their Tenancy Contract and get rewards in the same symbolic denominations they own. Set it up and forget it.

The TokenUnion Token

UNI is an auxiliary token used to pay a commission for withdrawal of funds in the TokenUnion network. Given the relationship between UNI’s utility and capabilities in the market, it is likely that demand for UNI will increase as a result of rapid market developments. UNI does not grant its holders the right to any income or rewards. The only option is to pay a commission for withdrawing funds.

Distribution of rewards

Every time the commission is paid, 100% of the amount received is distributed among users through tokens stored in storage contracts in the TokenUnion network; Token Union is not transferred any part of the commission for withdrawal. TNV is the total, expressed in Ether, value of all tokens in the TokenUnion network.

Awards are given in accordance with the percentage of TNV, which is the contributions of individual users. For example, a user who owns a total of 1.8% of TNV will receive 1.8% of the commission for withdrawal, however often it is paid. TNV is constantly recalculated in Ether taking into account the change in the rate of embedded tokens.

Obtain prizes on the same card you own

The prizes received by the user become the same token that they have in Holding Contract through Bancor. For example, if you receive 1,000 UNI as a gift and you retain 60% BAT and 40% OMG, UNI 600 UNI and 400 UNIs worth of GMOs will be retained in your Holding Contract, increasing the size of the underlying position.

Earn rewards

Users send their tokens to storage contracts and earn rewards in the face value of the same tokens that they store.

Set up and forget

Get rewards in the same tokens that you store. The rewards that users receive are converted into the same tokens that they store in the storage contract through Bancor. For example, if you receive 1000 UNI as a reward, while 60% of your contribution is BAT, and the remaining 40% is OMG, 600 UNI in BAT-equivalent and 400 UNI in OMG-equivalent will be returned to your contract, which will be increased your starting position.

Completely autonomous distribution of rewards

By retaining their tokens in storage contracts, users agree to pay a fixed commission to the UNI, the native token, when making their withdrawal. When users pay this commission, the smart contract distributes it at the program level among all network participants as rewards in proportion to the percentage of the Total Cost of the Network (TNV, Total Network Value) that users contribute.

Absolute decentralization and demonstrable justice

The TokenUnion network does not rely on any central government in its work. It functions completely independently, based on predefined conditional constructs inscribed in the code, and will work as expected, as long as there is a blocking Ethereum.

Advantages of the new platform

The main advantages of Tokenunion include:

high quality of development;
ability to view the holding contract in real time via web or mobile application;
ability to use innovative crypto with maximum possibilities;compatible with modern devices;ensuring transparent and fair interaction between participants;
the benefit for each user (the percentage you get all the coins holders);
100% secure (all payments are protected from fraud, hacker attacks and virus threats);
a fair system of remuneration;user-friendly interface;instant transactions.