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HomeCOINSWhat Is Unidef (U)? Complete Guide & Review About...

What Is Unidef (U)? Complete Guide & Review About Unidef

What Is Unidef (U)?

Unidef works to accelerate the world’s transition to Decentralized Economy through brands and actions. They refers to the global nonprofit organization and may refer to one or more of United Decentralized Economy Foundations members and their related entities, each of which is a separate legal entity.

U is for Decentralized Economy, and its value is correlated to the ecosystem’s success via various economic links. It is a BEP-20 utility token built on the BNB Smart Chain and is the glue that binds all U community members together. The vision and mission of Unidef DAO will be driven by $U holders, contributors, and community leaders. The DAO aspires to support a wide range of projects in Decentralized Economy, Crypto, NFT, and Metaverse space.

Unidef Storage Key Points

Coin BasicInformation
Coin NameUnidef
Short NameU
Max Supply990,000,000,000
Circulating Supply172.26B U
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Unidef Initiative for U

The core components of U are decentralized and self-running, but there are a few things that require some human discretion. We believe that the success of U is through broad global adoption and utility, and intend to focus on projects that increase U uptake at a grassroots level.

The evolution of U is managed through the Foundation, looked after by the Unidef DAO through its open governance policies to increase clarity, efficacy, and efficiency. The Foundation, which is part of the global U community, does not own or lead U and it is currently working with the Unidef DAO community to bootstrap decentralized governance of the project in conjunction with a number of outside partners and drive it toward a complete decentralization.

The goal of the Foundation is to incorporate a fair and inclusive way to utilize the Ecosystem Development Fund, which is controlled by a multisig wallet, to pay its expenses as directed by the Unidef DAO and provides an infrastructure for U holders to collaborate through open and permission less governance processes.

The Foundation is aligned with the DAO to:

  • Help expand global adoption, ownership, and utility to increase U uptake.
  • Support for the U decentralized currency through development and advocacy.
  • Protect U Intellectual property against any infringement and handle a range of intellectual property litigation matters.
  • Act as a speaking partner to regulators and institutions.
  • Engage businesses, non-profits, and regulators to build synergy within and across key sectors in order to broaden unique opportunities.
  • Contribute to the growth of awareness about U, Web3, Metaverse, etc.
  • Enhance and develop infrastructure including a suite of tools and services.

The DAO Board

A special council on the Unidef idef Initiative for U (the DAO’s “Board”) provides, at the behest of the Unidef DAO members, oversight of the Foundation administrators. The purpose of the Board is to administer DAO proposals and serve the vision of the community. It meets on proposals requiring administrative review under DAO rules.

The initial Board serves a term of six months, after which DAO members will vote annually on Board members. This special council will oversee the decisions of the community together with other council members.

U Protocol

Unidef is a BEP-20 utility token that is utilized for value transfers as well as governance used within the U ecosystem to empower decentralized community building. Not only does U have all the features of any other cryptocurrency, it can also be used in a wide range of applications and use cases.

Protocol Objectives

Governance

Unidef is the ecosystem’s governance token, allowing U holders to participate in DAO. Since U holders become members of the They DAO, they become responsible for voting on proposed changes to protocols and ensuring that the project’s long-term vision is upheld.

Unification of Spend

U is the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries. Also, U is supposed to be used as the primary currency for payments, transactions, and interactions in global networks.

Access

Unidef provides access to certain parts of the ecosystem that are otherwise unavailable.

Incentivization

U is the native token of the Unidef DAO, which acts as a tool to coordinate activity and is awarded to community members for participation in the movement.

U Tokenomics

The total supply of U is permanently fixed at 990 billion tokens. No minting capability is exposed through the contract interface, thus the total supply will never increase, but the total supply will decrease over time through different burning mechanisms.

In line with the standard practice, a portion of the tokens will be initially locked. Locked tokens will be unlocked over a period of 5 years (Won’t be able to sell in this span), in accordance with the predetermined unlock schedule in the chart below, starting on launch day. After 6 months, a certain allotment of tokens will become available on a monthly basis.

Bixer Simond
Bixer Simond
Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things