What is Unifund (IFUND) | What is Unifund token | What is IFUND token

Unifund is a smart contract tackling a proven use case with historical precedent: the fees on Ethereum are too damn high. Rolling out a fully functional system at launch, what we provide will functionally serve as a “Layer 2” style social scaling solution for the decentralized liquidity provision protocol Uniswap. Just like Uniswap, Unifund is totally decentralized without upgrade features or controls. This system allows users to buy into Trade Groups where skilled Fund Managers can trade on their behalf with pooled funds for fixed periods of time. Unifunds iFUND Token is used in an incentive system with strong tokenomics (including lock-ups, staking, and fee savings mechanisms) which take advantage of key features in bull market movement like we see at present. This is a transparent, auditable solution to the persistent problem of pump group exit scams. Pooled trading funds and locked-in mechanisms for equal profit sharing mean we can all dump the top, together!

How It Works

Pumpers create groups by staking UPP and selecting a few options. Users can deposit ETH into the pumper’s group if they like the risk profile the chosen options created. The pumper then trades with the users’ funds for a pre-determined length of time. Profitable pumpers get to keep a pre-selected percent of the winnings, as well as the group entry fees. For each 1% of user funds the pumper loses, users are given 1% of the group pot, which is made up of the Pumpers stake and half the group entry fees.

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Pump Groups

While opening a Pump Group has a near zero cost, by staking UPP tokens you will incentivize people to join. This gives Pumpers access to a bigger trading stack, and lets them collect UPP token fees. Pumpers can select from pre-made token lists for their group to trade, or they can create their own. Some of the options Pumpers have to choose from when opening a group are:

The amount of UPP they will stake in the group pot;
The percent of the profits the they will keep;
The amount of UPP tokens that users need to pay to the group pot to join;
The list of UniSwap pairs they will trade;
How many days or weeks the group will be open;
The maximum limit of ETH the fund is willing to accept.

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Pumpamentals

All use cases involve locking the token. Entry fees are locked with the group creator’s stake until the end of the round, and other users can stake for rewards risk free. Liquidity will be removed from the pool in 4 large chunks over the next 10 months. We’ll do our best to call the CreateLiquidityCrisis function mid pump to help send it flying. This will result in more stability at launch, and thinner books over time for when pump season really heats up. Team tokens will be slowly unlocked over time, removing the “unlock date” meme as a potential negative market event.

The system also allows people to profit from privileged information. Those with insider info can point to their previous success on the blockchain and charge higher fees, just like in the real markets. The burning coins meme doesn’t have much effect, because the numbers are all just made up. Leaderboards will proudly display the top pumpers by both notional and percent at various time frames, weekly, monthly, and all time. Pumping competitions will be held monthly to further incentivize proper use of the system. We believe whatever helps bring out peoples competitive nature will always give better results, and of course bragging rights are super important.

How To Stake in Unipump

Click on the staking tab on the main app screen.
Enter the amount you want to stake.
Click the approve button, and send the transaction.
Wait for the transaction to confirm.
Click on “stake,” and send the transaction.
Once it confirms, you’re finished. Make sure to come back and claim your rewards!

How The Token Works

We have modeled our decentralized structure on Uniswap’s superlative example, as well as integrated their protocol into our smart contract system. This grants us access to all their existing trading pairs, allowing Unipump to roll out fully functional contracts when the crowd sale starts. This new system to yield farm Ethereum directly will activate immediately following the token sale, or after seven (7) days: whichever happens first.

The front-end deployment will be slightly delayed, so we can screen for, and disable, any potential attack vectors for fraud or exploitation. Since the system we’ve designed allows creation of near unlimited risk types for new groups, mainly based on the ratio of staked coins from the leader against how much ETH is in the group, we will conduct a final system audit to ensure all risk factors involved in each group type are adequately communicated at the UX level.

The UPP Token is used in 3 ways

Staking for rewards
Staking to open Trade Groups
Fees to join Trade Groups

All of these use cases involve locking the token. Group entry fees are locked with the Fund Manager’s stake into the UPP pot until the end of the round, while other users can stake for rewards risk-free. Liquidity will slowly be removed from the pool, resulting in more stability at launch, and thinner books over time for pump season. The team’s dedicated share of tokens will be slowly unlocked over time, to protect against the toxic stereotype of crypto teams dumping their tokens all at once, causing a potentially negative market event.

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The gamification of competing groups will be a crucial organic element to the UPP Token’s value.

Two immutable leaderboards built into the system will showcase top Fund Managers by both notional and percent, granting the opportunity to climb the leaderboards and develop a reputation as a master Fund Manager.

This system’s design has additional higher-level benefits for the Ethereum ecosystem. It helps small traders, and reduces overall network load and congestion by consolidating so many disparate trades. Recently, Uniswap trades can cost anywhere from five dollars ($5) to more than twenty dollars ($20) in network congested times. By establishing a norm where many traders are pooling their funds under a single Fund Manager’s temporary control, the fees would be eliminated for the user and offset for the Fund Manager based on their gains.

Trade Groups

Trade Groups are the central point of generative value within our contract system’s design. Utilized wisely, participation in these groups will save you both time and money, eliminating trading fees and consolidating high-stakes decision-making. This opt-in group structure also aligns the incentives of previously competing traders, creating an interesting middle ground where collaboration leads to greater profits for all.

When Fund Managers open a Trade Group, they must set configuration for the following attributes, resulting in a qualitative risk-to-reward profile which potential Trade Group participants can review:

The amount of UPP Tokens they will initially stake in the group’s UPP Pot
The amount of UPP Tokens users will pay as a fee to join the group
The list of specific Uniswap pairs they’ll trade with the group’s pooled ETH
The duration of the Trade Group’s lifespan (set in days or weeks)
The maximum limit of funds (in ETH) that the group will be able to accept
The maximum limit of funds (in ETH) that each user can contribute to the group

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While opening a Trade Group is free, by staking their own UPP Tokens, Fund Managers reduce other participants’ risk of loss and thus incentivize more people to join their Trade Group. In turn, this gives Fund Managers more capital to trade with, and lets them collect UPP Token fees from group participants. For those participants, the fees collected are minimal compared to the potential on-chain fees if they were to make all the same trades themselves.

Tokenomics

At its core, this system drives forward the core mandate of DeFi development, with all the most effective tokenomic factors rolled into one contract. The balance between clarity and complexity presented here enables the creation of new and completely customizable risk-to-reward models. By offering this decentralized free market for Layer 2 risk model system creation, we hope to enable regular users of Ethereum and Uniswap to explore the same creative options as Solidity developers, without having to code a contract from scratch.

After the pre-sale concludes, half the ETH we’ve received to that point will remain locked into a UniSwap pool, along with a number of tokens roughly equal to half the amount sold, creating a starting market at 10% above main sale price. Over time, liquidity will be removed from the pool, with removed tokens distributed to users as staking rewards and the ETH going to the team. We have not included a token burn mechanism, as our research concluded that the effect of token burns overall can be high in the short term, but lack long term efficacy.

Additionally, this system is designed to allow participants to profit from privileged information. Managers with insider information can point to their previous success on the blockchain itself and charge higher fees, just like in traditional markets. We’ve simply eradicated the thick layers of pretense which obscured these common practices from public view: within our system, you can embrace the rare circumstance of anonymous transparency.

Trade Contests

(Not Finalized) Transitioning the thrill of the market to a socially harmonized smart contract doesn’t have to mean losing all the fun of that market’s rollercoaster. With this in mind, we’ve designed some contests which will further gamify users’ participation in this system. Every month for ten (10) months, one(1) percent of the total supply of tokens will be automatically awarded, dispensed as six (6) distinct prizes.

In each of these contests, the automatic prizes will be delivered to the top three (3) Fund Managers by notional gain, and the top three (3) Fund Managers by percent gain. Within those tiers, distribution of prize tokens will observe the following constraints within each of these dual gain streams:

First prizes: 25% of reward pool
Second prizes: 15% of reward pool
Third prizes: 10% or reward pool

Staking System

We have designed this system with front-loaded staking rewards as a thank you to early believers:

In the first twenty (20) days, three percent (3%) of the pool will be given out each day
In the second twenty (20) days, two percent (2%) of the pool will be given out each day
After these first forty (40) days, one percent (1%) of the pool will be given out each day

These percentages represent the current total in the staking pot during that epoch. Additionally, UPP from redeemed liquidity pool tokens will be continuously added to the staking rewards.

Distribution Model

We have been in the ‘blockchain’ industry since it was just the Bitcoin industry, and thus we realize how crucial a token’s distribution model is to fairness and shared profits.

The full supply of one hundred million (100,000,000) UPP Tokens will be issued upon contract creation. The issuance is based on the sale results, in the case of a lower raise all percentages will still be accurate.

40% will be sold for ETH, during a sale lasting a maximum of seven (7) days
20% will be locked in a UniSwap liquidity pool with half the ETH from the sale
10% will enter a staking pool to provide user staking rewards
10% will be reserved for the contests detailed above
5% will be devoted to the project’s marketing budget
15% will be locked for team allocation over time

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Glossary

DeFi: Smart contract systems designed to perform new types of financial tasks without the need for intermediaries.

Fund Managers: Someone in charge of a Trade Group, who controls all group funds.

Staking: Any user can lock up funds to receive rewards from the tokens that are in the staking rewards pool and unlocked from the liquidity pool over time.

Tokenomics: The complex interplay of a token’s programmed attributes that creates its potential market value.

TradeFund: The amount of funds deposited by users into the control of the Fund Manager when they choose to participate in their Trade Group.

TradeGroup: A collection of users who have deposited ETH into the Trade Fund for the Fund Manager to trade with.

TradeList: A list of trade pairs which a Trade Fund is allowed to be used to buy. This list is set when a Trade Group is created, and cannot be changed after the group’s activation.

UPP: The ticker symbol of the Unipump smart contract system’s token.

UPP Pot (aka Group Pot): The total staked coins of the Fund Manager, as well as all entry fees paid to that group.

FAQs

Why no governance token?

We want to create a system that’s as decentralized as possible. Most governance tokens are traded based on potential future use cases and hype, not actual functionality. Since we already have a functioning product with a use case, there’s no need to throw a scammy token on top.

What will you do if this contract breaks?

If such a circumstance arises, we will migrate to a new contract and allow users to claim the new token at a 1:1 ratio.

How long will the sale last?

The crowd sale will go for a maximum of seven (7) days, or until the hard cap is reached.What is the sale’s hard cap?The pre-sale is capped at 250 ETH, and the main sale is capped at 500 ETH (the pre-sale has a 20% bonus).

How do I know which groups are safe to join?

Managers will develop reputation over time, and the Trade List should be carefully checked before joining any Trade Group. Groups with more UPP staked by the Fund Manager compared to the value of ETH collected offer a better risk-to-reward ration for users.

Who are you and why are you remaining anonymous?

We are releasing our fully functional and well tested contract before the sale starts. Who we are is irrelevant.

Why are you doing a sale instead of letting us yield farm for distribution?

Yield farming systems disproportionately reward whales, so we consider a sale significantly fairer.

Why don’t you have a burn mechanic?

Burns inflate the cost of transactions, and we don’t believe they have much effect outside marketing.

How does the CreateLiquidityCrisis function work?

The function removes 25% of the initial sale liquidity from the pool, and can be activated after one (1), four (4), seven (7), and ten (10) months. If the function is not called, its extended the time until the next call can be made. The removed ETH will go to the team, and the removed UPP tokens will be added to the staking rewards pool.

How long are the team tokens vested for?

The team tokens will be vested for one hundred (100) days, being unlocked at a rate of one percent (1%) per day. These tokens will be split between the team of nine (9) contributors to this project.

Is this system sustainable long term?

The functionality of this product is designed for bull markets, and our liquidity unlocking schedule was designed with that in mind.

Can this be used to scam people?

If it gets popular, we’re sure scammers will try, just as they have with Uniswap. This is the reason for the front-end delay: we aim to do as much as possible to protect our users.

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

How and Where to Buy Unifund (IFUND)?

IFUND 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 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 IFUND

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

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)

☞ 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 IFUND is an altcoin we need to transfer our coins to an exchange that IFUND can be traded. Below is a list of exchanges that offers to trade IFUND 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 deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase IFUND from the exchange.

Exchange: Uniswap (V2)

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once IFUND gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com

Find more information IFUND

☞ Website ☞ Website 2 ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Coinmarketcap

I hope this post will help you. If you liked this, please sharing it with others. Thank you!

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