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The UNITS protocol — Pre Launch Announcement

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The UNITS protocol — Pre Launch Announcement

Introduction

UNITS PROTOCOL — UNITS is a community-driven protocol currently deployed on the Polygon and BSC networks. The protocol enables an on-chain minting, redeeming and converting tokenize units of assets

muBTC — Micro Bitcoin

https://preview.redd.it/3v6yeq8n28w71.jpg?800&format=pjpg&auto=webp&s=25e1e1ef6f0f441f5d0a4cd0738c7cf2c4fcaf3e

The muBTC token, like fractional shares in the traditional stock market is a more accessible unit of Bitcoin, each muBTC will always be equal to:

1/1,000,000 Bitcoin

At its core, muBTC solves two problems:

  1. The price of a single BTC is too high in USD terms. muBTC token allows its holders to be exposed to BTC in a more accessible and convenient way.
  2. Bitcoin price does not enable a convenient quote for day to day payments, imagine you would like to buy a cup of coffee for $1.99 with BTC at $500,000 you will need to pay 0.00000398 BTC while the same purchase is quoted as 3.98 muBTC.

MAU — Multi-Asset Stable Coin

https://preview.redd.it/2z1ig4vn28w71.jpg?1400&format=pjpg&auto=webp&s=b971781eabac4a927ea305a75f371c4c05f91313

MAU is a unique and revolutionary multi-asset stable coin.

Unlike other stable coins which are pegged to a single FIAT currency, the MAU stable coin combines different types of assets, creating a more stable and broadly diversified stable coin.

The MAU token value is derived from the value of the following assets:

https://preview.redd.it/cgdossgo28w71.png?579&format=png&auto=webp&s=45a0c2eb36f9e08649fd198e994e756ddff83d26

(The MAU stable coin is under development and will be introduced soon.)

???? Genesis Bonding — Starting at Sat, Nov 06 ????

https://preview.redd.it/fv9gtc1p28w71.png?1400&format=png&auto=webp&s=2692d4da4541da1214e906abcb723ff4925e4b44

Bonds were first introduced by Olympus DAO and gained tremendous success. The UNITS protocol bonding mechanism creates short-term investment opportunities. It is based on supplying USDC as liquidity in return for UNIT tokens at an early bird rate.

Bonds are locked up for a period of 5 days. The bond includes an auto stake mechanism that boosts the rewards and creates insane ROI for the genesis bonders.

Genesis Bonding Timeline:

???? Early birds: 100% ROI + Auto staking with insane rewards!

Period — 5 days starting at Sat, Nov 06

???? Late birds: 50.0% ROI + Auto staking with heavy rewards!

Period — 5 days starting at Thu, Nov 11

???? Night owls: 25.0% ROI + Auto staking with attractive rewards!

Period — till bond allocation finished, starting at Tue, Nov 16

The bond token allocation is limited to 2,000,000 UNIT.

Bonds will be redeemable after a grace period of 10 days (Tue, Nov 16)

Don’t be the night owl — Start bonding now!⚒️ Genesis Mining — Starting at Tue, Nov 16 ⚒️

https://preview.redd.it/pf7ifmnp28w71.png?1400&format=png&auto=webp&s=73569f9ea4de81bd0bdcb85a32d815fdb148ee57

Get outstanding rewards while keeping your exposure to Bitcoin. The muBTC staking pool is where you can stake your muBTC tokens and earn rewards in UNIT tokens.

Staking UNITS DAO Tokens is a passive, long-term strategy. Keeping UNIT tokens staked is the most effective way to maintain the token value, which is in the community’s best interest. Consequently, the UNIT staking pool includes high rewards for community members that acknowledge the importance of keeping their tokens staked.

???? Public Listing — Starting at Sun, Nov 16 ????

The UNITS DAO token is the UNITS protocol governance token, UNIT token holders will be the UNITS protocol decision makers.

Token Name: UNITS DAO

Symbol: UNIT

Total Supply: 1,000,000,000

Listing Price: $0.05

https://preview.redd.it/zr2688aq28w71.jpg?1400&format=pjpg&auto=webp&s=208e025376cd12347ef316dd7ca2012fc8747bb0

https://preview.redd.it/r2sorv0r28w71.png?852&format=png&auto=webp&s=e97c170b88cf1f7a8d01c3ee7e5d6eb39c27167d

  • Community and ecosystem reserves will be held by a gnosis multisig vaults and will be used for future incentives and/or rewards for community driven activities.

Follow the official channels and stay tuned:

Telegram Announcements Channel: https://t.me/joinchat/xPtcEH3TCFdhZDk0

Twitter: @units_protocol

Medium: https://medium.com/@UNITSDAO

Website: https://app.units.finance/#/convert

Docs: https://app.gitbook.com/s/-MjsBNstGelzR0I46RMs/

submitted by /u/Bitcoinunit
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