Assets
Assets in the Unit Network ecosystem represent a wide range of digital tokens within the Unit blockchain. These tokens can embody various digital assets, including cryptocurrencies, stablecoins, utility tokens, and more. Each token is designed with specific attributes, enabling comprehensive functionality and interaction within Unit’s decentralized finance (DeFi) ecosystem.
Token Attributes:
Every token in the Unit ecosystem has the following key attributes:
ID: Unique identifier for the token.
Name: Token name.
Symbol: Unique symbol representing the token.
Owner: Address of the token creator.
Maximum Supply: Total token limit.
Supply (Circulating Supply): Current tokens in circulation.
Description: Information about the token’s purpose and use.
Website: Associated website.
Token Type: Category (e.g., Crypto, WrappedCrypto, Stable, UNIT).
Color: Visual identifier for the token.
Initials: Abbreviated form of the token name.
Special Functionalities:
Ecosystem Token: A token of type "Crypto" can act as an ecosystem token, managing tokens within its ecosystem.
Bank and Treasury: Ecosystem tokens can establish a bank and treasury. Transfers directed to the bank are redirected to the token’s treasury, ensuring secure fund allocation.
User Capabilities:
Users can create, manage, and transact tokens within the Unit application, granting them direct access to DeFi activities such as staking, yield farming, and token sales. The platform’s design allows users to interact seamlessly with other blockchain-based functionalities.
DeFi and Ecosystem Utility:
Tokens in the Unit application integrate with treasuries, vaults, staking mechanisms, and oracles, offering a full ecosystem for token management and decentralized value exchange. Users can engage in a wide range of DeFi activities, including liquidity provision and governance, expanding the token’s role beyond simple transactions.
Governance:
Certain tokens may include governance rights, allowing holders to vote on decisions related to treasury usage, project development, or upgrades. This participatory element aligns with Unit’s commitment to decentralized and community-driven projects.
Oracles:
Oracles play an essential role in providing real-world data for accurate asset valuation, enhancing token usability and data accuracy across different parts of the Unit ecosystem.
Cross-Chain Compatibility:
The Unit Network supports integration with external wallets and cross-chain compatibility, enabling users to manage and interact with assets across multiple platforms. This flexibility enhances accessibility for users both within and outside the Unit app.
Security Measures:
Tokens within Unit benefit from robust security measures, including multi-signature options for treasuries and vaults, helping to protect high-value assets. These protocols ensure that users can transact with confidence and maintain asset security within the ecosystem.
Management Rules:
Deletion: Only the creator can delete a token if no transfers have occurred from the bank and no other tokens have been added to the bank and treasury.
Unique Symbol Requirement: Symbols must be unique. If a symbol is reused, a number is added to maintain distinctiveness.
Symbol Restrictions: Symbols are limited to numbers and alphabetic characters.
Updating Supply and Symbol: Token supply and symbol can only be modified if no tokens have been transferred from the bank.
