What is Bunicorn (BUNI) | What is Bunicorn token | What is BUNI token

What is Bunicorn (BUNI) | What is Bunicorn token | What is BUNI token

Bunicorn (BUNI) is an automated market-making (AMM) decentralized exchange (DEX) currently on the Binance Smart Chain (BSC) network that supports 2 kinds of liquidity pools: Flexible pools with up to 8 tokens, any weight. Stable pools with super low slippage & high capital efficiency for stablecoins. In addition to DEX, Bunicorn also offers high APY liquidity mining farms with a new NFT reward vesting model. In this article, we'll discuss What is Bunicorn (BUNI) | What is Bunicorn token | What is BUNI token?

In this article, we'll discuss information about the Bunicorn project and BUNI token

What is Bunicorn?

Bunicorn is an automated market-making (AMM) decentralized exchange (DEX) currently on the Binance Smart Chain (BSC) network that supports 2 kinds of liquidity pools:

  • Flexible pools with up to 8 tokens, any weight
  • Stable pools with super low slippage & high capital efficiency for stablecoins

In addition to DEX, Bunicorn also offers high APY liquidity mining farms with a new NFT reward vesting model.

Exchange

One of the biggest issues with liquidity providers is the risk of impermanent loss. It happens when you provide liquidity to an AMM pool, and the price of your deposited assets changes compared to when you deposited them. The bigger this change is, the more you are exposed to impermanent loss. In this case, the loss means less dollar value at the time of withdrawal than at the time of deposit.

There is another issue with the AMM which is the price slippage. It's the difference between your intended price and where your trade is executed. This problem becomes more severe when you want to swap between stablecoins because their price is meant to be stable.

It’s required to provide enormous funds to keep a meaningful liquidity for a stablecoin pool. On the other hand, the returns will be very small perhaps several percent APY. This leads to another issue of capital efficiency where a pool with smaller TVL can provide better liquidity (lower slippage) and gain more returns for LPs. In relation to this capital optimization, most AMMs only offer a fixed fee model regardless of the market volatility.

Looking at all the aforementioned concerns, Bunicorn made an effort to combine the best solutions of existing AMM platforms into a single seamless UI that addresses all of the problems above with following features:

  • Flexible AMM pools with a customizable number of assets and weights within a pool. It mitigates the risk of impermanent loss when exposing half of your portfolio to a high volatile token in traditional 50:50 pools.
  • Amplified pools that allow swapping between stablecoins with lower slippage and higher capital efficiency.
  • Smart order routing that automatically splits your swap across several pools for optimized price.
  • Dynamic fees adjusted based on the underlying volatility to maximize returns for liquidity providers and encourage trading volume in a sideway market.
  • No third-party or centralized oracle risks.
  • Liquidity providers can also join multi-token pools with a single asset.

There are many types of users that can benefit from our platform:

  • Liquidity providers who have cryptocurrencies sitting idle in their wallet and would like to earn passive income from swapping fee and liquidity mining.
  • Token teams to list their newly issued token in an alternative DEX on BSC. Especially, they can customize the weight of their pool for example 60% Token, 40% BNB.
  • Retail users who want to swap tokens with low slippage and good price.
  • Whales who want to convert their stablecoin from one to another, or want to make the best profit out of their large stablecoin portfolio.
  • Arbitrageurs who exploit market inefficiencies between exchanges to earn profit.
  • Other Defi products seek liquidity through smart contracts ABI.

Liquidity Mining

The process in which you put your assets to work to generate returns is called Yield Farming. Being a yield farmer means that you are actively looking for the best strategy to maximize your profit from your initial funds. Such a strategy requires you to adjust your position from week to week, finding the pool that is offering the best annual returns (APY) at the given time. Usually, the percentage of returns is directly proportional to the risk of the pool. However, like with any other investment your strategy needs to be crafted around handling the risks.

Liquidity mining is a result of yield farming. The process involves getting tokens as a bonus besides the usual returns. Currently, there are 2 ways to earn our free governance token (BUNI):

  • Stake BUNI, earn BUNI via our first BUNI pool. In the future, you can stake BUNI to earn more kinds of tokens as we’re onboarding new token teams to the platform.
  • Stake BPT (Buni Pool Token), earn BUNI. BPT is what you get after you provide liquidity to an AMM pool.

However, there is one issue with most of the liquidity mining platforms: users tend to dump their tokens they get from the mining pool immediately because that’s not something they bought but something they are given. Also, a high APY yield farming program also comes along with a high inflation rate of the token supply. We have been observing this for quite a long time and wanted to propose a solution that can lock-up these farming rewards out of circulation while still providing value to liquidity miners.

To address this problem, we introduced a new liquidity mining model by wrapping up farming rewards (VBUNI) into NFT collectibles. Users can then use these NFT to convert VBUNI into the actual BUNI tokens after a vesting period. In the meantime, they can also trade/auction these NFT in other well known marketplaces and make them liquidable.

NFT Collectibles

We will rank the rarity of the NFT collectibles based on the amount of underlying assets wrapped in that token. For instance, a $1M worth of BUNI token will make it Ultra Rare or Super Rare. Apart from that, we will also add tailored made designs as well as a unique algorithmically generated Bunny character to these NFT collectibles similar to what Crypto Kitty or Polkamon has done so far.

The difference between the NFT in our platform compared to other platforms is that it contains actual time-locked tokens similar to a bond. In other words, it contains speculative value. If someone cannot wait until the vesting period to be finished, he can sell his NFT at a discount. Besides, he can also collect and resell his Super Rare asset at a price much higher than the underlying BUNI value in other NFT markets. Therefore, we have reached 2 goals for this feature: separating BUNI from the circulating supply but still making them liquidable in the form of NFT assets.

Release Schedule

Lock Period

Team: 15% after 1 month, then quarterly over 2 years Private Round: 15% at launch, then unlock over 8 months IDO: 100% at launch Marketing & Listing: 20% at launch, then quarterly over 1 year Operation Reserve: Fully locked for 3 months, then unlock over 2 years Liquidity Mining: Unlock over 2 years Ecosystem: Locked for 1 month, then unlock over 48 months Foundation: Locked for 3 months, then unlock over 48 months

Token Symbol: BUNI Total supply: 1,000,000,000 Initial circulating supply: 24,916,666 Initial market cap: $747,500 Hard cap: $1,700,000

How and Where to Buy BUNI token?

BUNI has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BUNI token.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since BUNI is an altcoin we need to transfer our coins to an exchange that BUNI can be traded. Below is a list of exchanges that offers to trade BUNI in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase BUNI from the exchange.

The top exchange for trading in BUNI token is currently ..........

Find more information BUNI

WebsiteWebsite 2Social ChannelSocial Channel 2Message BoardDocumentation

🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

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