What is unilock.network (UNL) | What is UNL token

Unilock is introduced to the universe of cryptocurrencies to help _legitimate _ projectsevolve and grow. We are one of a kind, and so far, there isn’t any platform like ours.

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.

It’s an irrefutable fact that we live in a world of deceptions, a world full of scams, but that should be no more. Unilock 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  unilock.network platform, you are giving your project the credibility and trustworthiness it so desperately craves.

So, without further ado, here’s a detailed description of how unilock works:

You are required to fill in a formwith all the required information. Here’s the list of information with explanation.

Token Address: Your token address, the one you’re raising money for.

HardCap: Maximum Ether you’re aiming for.

SoftCap: Minimum Ether required for the campaign to succeed.

Max Eth Per Wallet: Maximum Ether amount a wallet can contribute with to the campaign. We are introducing this parameter to avoid people having too much control over the campaign’s token, becoming a whale.

Min Eth Per Wallet: Minimum Ether amount one can contribute with to the campaign.

Token Amount: Amount of tokens you’re selling/exchanging.

Percentage Allocated to Uniswap: 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 (Uniswap): The initial price of the Uniswap 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)

Liquidity Lock Duration: Duration in seconds for which the Uniswap Liquidity will be locked if the campaign succeeds.

Start Date: The date in which the campaign will start.

End Date: The date in which the campaign will end.

Case Scenarios:

• If the campaign reaches the SoftCap, it is considered as a success. Once the “End Date” is reached, any member of the community can lock the liquidity, resulting in the creation of a Uniswap Pool following the “Percentage Allocated to Uniswap” value. (Keep in mind, the hard cap was not reached).
• 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.

End Goal:

The philosophy behind Unilock 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, we like to keep our contributors at ease.

Voting System:

Giving your community a voice is always a good idea. That’s why we developed an Off-Chain voting system where you can vote without paying any fees. You’d of course need to hold UNL in order to vote and voting power is calculated based on the following formulate:

Voting Power = sqrt{unl_balance^{frac{1}{4}}}

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.

29th November: On this day, we’ve launched a 3 days vote to decide 2 things:

1- Minimum UNL required to create a campaign: 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.

2- Fees: How much in percentage we’d take off from every created campaign.

Voting has ended on the 2nd of December and here are the results:

• Number of votes: 11
• Minimum UNL required to launch a campaign: 4.13 UNL
• Fees: 4.15%

=> 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.

Create your campaign token from within

Unilock has brought a new feature to its users to help facilitate campaigns creation. We thought it’d be best to allow people who are willing to create a presale on our platform, to create their token from within, following an enhanced and secure smart contract.

Creating your ECR20 token in Unilock is optional, we are not forcing anyone to use this feature, since your token’s smart contract could require some customization, but we highly recommend using it.

We created a token model that is secure and fully functional, with no chance of scams. And here how:

1. No mint function. Your total supply is fixed during the token’s creation. You will not be able to create more after.
2. No authority over the token’s smart contract. No one, including the Unilock team, will have control over the token’s protocol.
3. Public smart contract. Since all tokens created in the platform follow a certain model, that means your token smart contract is open source.

→ Thus, if you create your campaign’s token using Unilock, you’re unquestionably giving more credibility and likelihood of prosperity and growth to your project and campaign.

How can I create a token during a campaign launch?

CREATE TOKEN.

If you’re willing to create a token for your campaign, there is a so-obvious button named “Create a token”, once clicked, new fields will be added to the form for your to fill, regarding your project’s token. The following image shows that:

TOKEN INFO

Once clicked, you’ll have 4 fields to fill in concerning your token. These fields are the following:

• Token name
• Token symbol
• Decimals
• Total Supply

→ All fields are required.

If you decide not to create your token on Unilock, you can simply press “Already have a token” and the extra fields will disappear, that’s when you’ll be prompted to enter your existing token’s address to use for your campaign.

Would you like to earn UNL right now! ☞ CLICK HERE

Looking for more information…

☞ Website
☞ Explorer
☞ Source Code
☞ Social Channel
☞ Message Board
☞ Documentation
☞ Coinmarketcap

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