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HomeCOINSWhat Is Unilock network (UNL)? Complete Guide Review About...

What Is Unilock network (UNL)? Complete Guide Review About Unilock network.

What Is Unilock network (UNL)?

Unilock network is introduced to the universe of cryptocurrencies to help legitimate projects evolve and grow. They are one of a kind, and so far, there isn’t any platform like yours. With every passing day, numerous projects arise, but it’s quite hard for people to put in their trust and invest in them, especially where these so-called projects start off with a presale. So, without further ado, here’s a detailed description of how unilock works. You are required to fill in a form with all the required information. Here’s the list of information with explanation.

It’s an irrefutable fact that they live in a world of deceptions, a world full of scams, but that should be no more. Unilock network revolves around that concept, giving the community a sense of security and assurance when investing in a new project. You could look at it from a different perspective too, if you create a campaign on the network platform, you are giving your project the credibility and trustworthiness it so desperately craves.

Unilock network Storage Key Points

Coin BasicInformation
Coin NameUnilock network
Short NameUNL
Circulating SupplyN/A
Total Supply500
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

Max Eth Per Wallet 

Maximum Ether amount a wallet can contribute with to the campaign. Unilock network are introducing this parameter to avoid people having too much control over the campaign’s token, becoming a whale. A number ranging from 0% to 100% to be used to calculate how much of the accumulated Ether will be added to the ETH/XXX pool (which is automatically created upon campaign success, XXX being your token’s symbol).

Token Per Eth 

The initial price of the Unilock network listing. It is the equivalent of your token’s amount in reference to 1 ETH. (e.g: If the value is 10, then 10 XXX equals 1 ETH in the Uniswap pool, as an initial pricing. Again, XXX being your token’s symbol). If the campaign’s HardCap is attained, the campaign is considered as a success as well.

The campaign’s owner or any community member can create the pool and lock the liquidity, regardless of the “End Date” being reached or not. If the campaign accumulated a lesser amount than the SoftCap, the campaign fails. Once it ends, all money collected throughout the campaign will be sent back to participants, automatically.

Goal

The philosophy behind Unilock network is to give campaign creators the level of authenticity they choose, through the different parameters stated above, to make their project as legitimate as it can be. By locking the liquidity within the Uniswap Pool, for quite some time, you’re telling your audience that you’re here to stay, to give your community the time to decide whether they should invest and contribute to your project or not. You also get to save yourself a great deal of time, the Uniswap Pool along with the lock will be done automatically like to keep your contributors at ease.

Voting System

Giving your community a voice is always a good idea. That’s why they developed an Off-Chain voting system where you can vote without paying any fees. Unilock network of course need to hold UNL in order to vote and voting power is calculated based on the following formulate. The formula ensures that all voters have almost the same voting power. Holding way more UNL than someone else doesn’t mean you have more voting power, the both of you basically have the same impact during a vote.

This does not mean you need to pay a certain amount to create a campaign, you just need to hold that amount in your address to create one. Changes will apply on the 5th December, so everyone has a 3 days window to launch their campaigns without holding any UNL and without any fees being taken off. Unilock network will explain to you how they keep your funds safe while you use unilock, so please open the smart contract source code link so you can track step by step

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .