Tokens of UniteFinance.io
Unite Finance’s multi-token protocol consists of the following three tokens and each plays a critical role in establishing this protocol:
The UNITE token is designed for use as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain UNITE’s peg of 1 UNITE = 1 ONE
$UNITE can be farmed in Farms or exchanged for $UBOND when under peg.
UShare token holders have both governance voting and ownership rights of the protocol. Once DAO is established, they will play a crucial role in the governance of Unite. USHARE can be staked in the boardroom to earn a part of minted UNITE as rewards.
$USHARE has a maximum total supply of 70001 tokens distributed as follows:
- 1.DAO Allocation: 7000 USHARE vested linearly over 12 months
- 2.Team Allocation: 4200 USHARE vested linearly over 12 months
- 3.Rewards: 58800 USHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months
- 4.Initial mint: 1 USHARE minted upon contract creation for initial pool
$USHARE can be farmed in Farms or staked in Boardroom
UBond’s main job is to help incentivize and reward users for ensuring peg during an epoch contraction period, when TWAP of UNITE is below 1.