Unit Network

What is $UNIT?

Discover UNIT: Igniting the Future of Token Economy
UNIT, a utility token of fixed supply, finds its roots in the UnitChain – a robust layer 1 blockchain meticulously constructed with Substrate.
This blockchain is purpose-built to seamlessly scale the token economy, offering a foundation for enhanced efficiency and innovation.
UnitChain distinguishes itself as a sovereign blockchain, operating independently from other ecosystems such as Ethereum, Solana, and Cosmos.
This autonomy presents a distinct advantage for the Unit Network platform, translating into heightened scalability, reduced transaction fees, and accelerated performance.
By navigating its own path, UnitChain establishes a resilient infrastructure, empowering the Unit Network to deliver a seamless and cost-effective experience for its users.

Leveraging UNIT for Diverse Functions

  1. 1.
    Securing the UnitChain: Empower the Unit Network operating system and fortify the Unit Network blockchain.
  2. 2.
    Reserve Asset: Utilized to acquire and/or support industry, city, agency, stable, project, personal, and various other tokens.
  3. 3.
    Operating Nodes: Network fees for running nodes contribute to network node operators.
  4. 4.
    Liquidity Pool Staking: Stake to provide trading liquidity to the UNIT-USDU pool and receive up to 0.5% of every trade.
  5. 5.
    Vaults: Function as the reserve asset for crypto loans and facilitate decentralized wrapping/unwrapping.
  6. 6.
    Transaction Oracle Workers: Ensuring the security of transaction data.
  7. 7.
    Price Oracle Workers: Safeguarding external price feed data.
  8. 8.
    Bond Staking: Earn additional UNIT tokens by locking up your UNIT holdings.
  9. 9.
    Community Incentives: Deployed to reward and tip community members.
  10. 10.
    Platform Currency: Used for purchasing items within the stores.

UNIT Tokenomics Overview:

  • Ticker: UNIT
  • Total Supply: 1,000,000,000 UNIT
  • Sale Supply: 500,000,000 UNIT (50%)
  • Bond Staking: 200,000,000 UNIT (20%)
  • Core Team: 200,000,000 UNIT (20%)
  • Operations: 100,000,000 UNIT (10%)
  • Validators / Nodes: To be confirmed (TBC)
This structured allocation of UNIT tokens ensures a balanced distribution, with emphasis on supporting bond staking, the core team, operational needs, and potential validators/nodes. The sale supply contributes to wider accessibility and participation in the UNIT ecosystem.

Distribution Conditions Sale Supply Overview:

The foundational strength of the UNIT token lies in its backing by various cryptocurrencies such as BTC, ETH, BNB, and more. Buyers are required to utilize these cryptocurrencies to acquire the token, creating a diverse and robust support system. This backing is achieved by securely locking 90% of all crypto raised through UNIT token sales into the UNIT treasury.
Key Features:
  1. 1.
    Immediate, Transparent, and Real Value: The backed crypto injects immediate, transparent, and tangible value into the UNIT token, providing a solid foundation for its market presence.
  2. 2.
    Redemption Option for Holders: UNIT token holders have the flexibility to redeem the backed crypto at any time by simply burning their tokens, offering a seamless and user-friendly redemption process within the ecosystem.
  3. 3.
    Index of the Entire Crypto Economy: UNIT assumes the role of an index representing the entirety of the crypto economy. This distinctive feature positions it as a comprehensive reflection of the broader crypto landscape.
  4. 4.
    Value Growth Mechanism: The UNIT token experiences continuous growth in value through a unique mechanism—receiving 0.5% of every exchange conducted on the Unit Network. This innovative approach ensures ongoing appreciation of the token's value.
In essence, the UNIT token introduces a groundbreaking paradigm with its unprecedented combination of strong fundamentals, making it a distinctive asset in the cryptocurrency realm.

Bond Staking Program Overview:

A total of 200,000,000 UNIT tokens are allocated as rewards for users participating in the Bond Staking pool. This program is designed to incentivize users to lock their UNIT tokens. The distribution unfolds over a span of 10 years, with an annual payout of 10,000,000 UNIT tokens during this period.
Key Features:
  1. 1.
    Reward Structure: Participants in the Bond Staking pool receive rewards in the form of UNIT tokens for staking their holdings.
  2. 2.
    Long-Term Incentive: The program extends over a decade, providing a sustained incentive for users who commit to locking their UNIT tokens.
  3. 3.
    Halving Mechanism: After the initial 10-year period, a halving process commences each subsequent year until the allocated supply is exhausted. This gradual reduction ensures a controlled and predictable distribution.
This Bond Staking initiative presents an opportunity for users to earn rewards while contributing to the stability and growth of the UNIT ecosystem. The extended duration and halving mechanism contribute to a strategic and measured distribution of UNIT tokens.

Core Team Token Allocation:

A total of 200,000,000 UNIT tokens are designated for distribution among 200 core team members, equating to 1,000,000 UNIT per individual. The distribution follows a structured timeline with specific conditions:
  1. 1.
    Cliff Period: There is a 3-year cliff, during which the tokens remain inaccessible, establishing a vested period before any tokens become available to the core team members.
  2. 2.
    Vesting Period: Following the cliff period, a 5-year vesting schedule is implemented, gradually releasing the allocated tokens to team members over this duration from the start date of signing the Pioneer Cooperation Agreement.
This strategic distribution approach ensures alignment between the interests of core team members and the long-term success and sustainability of the UNIT ecosystem. The vesting period encourages commitment and dedication by tying token accessibility to the team's continued contributions and success over an extended timeframe.

Operations Token Distribution Overview:

A pool of 100,000,000 UNIT tokens is allocated for operational bonuses, distributed to Core Team members and Advisors based on their referrals' UNIT purchases from sale rounds. The distribution mechanism is as follows:
  1. 1.
    Core Team Operational Bonuses:
    • 20% of the USD sale value in UNIT is credited to Core Team members as an operational bonus.
  2. 2.
    Advisor Operational Bonuses:
    • 10% of the sale value in UNIT is credited to Advisors as an operational bonus.
This structure incentivizes both Core Team members and Advisors to actively engage in promoting UNIT sales. The operational bonuses are directly tied to the success of their referrals in purchasing UNIT during sale rounds, fostering a collaborative approach to the growth and success of the UNIT ecosystem.


How can I buy UNIT?
Please note: UNIT Token sale rounds are not live for public sale. If you wish to purchase UNIT please do so from the UNIT / USDU exchange. When the sale tab is live for public sale you will be able to follow the process below to make a direct purchase.
Get invited to unit.network, then send btc/eth/dot to deposit address, or use credit/debit card to use a service which does the onramp like moonpay/ramp.network and buy UNIT.
​​Deposit crypto to your Unit Network wallet and buy UNIT using the instructions below ⬇️
How to deposit crypto to Unit Network:
  1. 1.
    Log in to unit.network.
  2. 2.
    Click the Wallet tab.
  3. 3.
    Click Address.
  4. 4.
    Select from the TOKEN dropdown which token (BTC, ETH, DOT, etc.) you want to deposit.
  5. 5.
    In the “YOUR TRUSTED ADDRESS” field, copy and paste the personal wallet address from which you will send your chosen token. Please make sure this is your personal receiving/sending address, and not an exchange address.
  6. 6.
    MAKE SURE TO SEND FROM YOUR PERSONAL WALLET, NOT FROM AN EXCHANGE. If you don't have one, try www.exodus.com.
  7. 7.
    Click Add Address.
  8. 8.
    Click Deposit.
  9. 9.
    Select from the TOKEN dropdown which token you want to deposit.
  10. 10.
    Type in the quantity or dollar-equivalent amount of your chosen token you want to deposit. Your deposit address should already be populated.
  11. 11.
    Click “Deposit”.
  12. 12.
    On the next page, copy the address under “DEPOSIT [Token] ADDRESS” (second field) into the wallet from which you are sending the funds (first field). You can use the QR code as an alternative to copying your "deposit [token] address".
  13. 13.
    Send the amount of the token in the “[Token] AMOUNT” field.
  14. 14.
    After sending, copy the Transaction ID/Hash and paste into the “TRANSACTION ID/HASH” field. Click UPDATE.
  15. 15.
    Under “STATUS”, the deposit status will be “pending” until it turns to “completed”. You can hit the refresh button to see updates. Blockchain transactions can take some time.
  16. 16.
    Once the deposit is complete, click on the WALLET tab. Your wrapped token will be there.
Once wrapped tokens (e.g. BTCU) are in your wallet, two ways to buy UNIT:
A - buy on sale
  • BUY UNIT on the UNIT token Sale page using one of the reserve assets (BTCU, ETHU, DOTU) https://www.unit.network/t/UNIT/sale
B - buy on exchange -buy USDU on the USDU token Sale page using one of the reserve assets (BTCU, ETHU, DOTU) https://www.unit.network/t/USDU/sale
  • buy UNIT on the exchange page of the UNIT token. https://www.unit.network/t/UNIT/exchange_buy
Will UNIT be traded on other exchange platforms?
Yes the aim is to be listed on all major exchanges though a focus will be to grow use of the native exchange first as it directly supports the value of the UNIT token treasury and platform growth.
Is UNIT an ERC20 token?
No, UNIT is native to the Unit Network platform and is currently not supported on other chains.
Is UNIT more a commodity that will be used or equity in a company?
It’s a hybrid between a commodity/share, similar to BTC in the bitcoin network or ETH in the Ethereum network.
How do you value UNIT?
There is a "push" and a "pull" way to value the UNIT token:
a. Push. The current and expected future capital flowing into the UNIT treasury “pushes” up the UNIT price like a “discounted cash flow” because capital that flows in is like a dividend to UNIT holders and the treasury itself is a “dividend-repository” accessible to token holders in a trustless way. Capital to the UNIT treasury comes from three sources:
i. Trading fees. 0.5% trading fee on millions and then billions of DAOs/tokens created across Unit Network to represent the value captured by an industry, city, business, brand, personal identity, idea, or anything else one can imagine. ii. Withdrawal fee. 0.5% fee is assessed on withdrawals from the platform. iii. Token sales. UNIT token sales, which bring deflationary capital onto the network and into the UNIT treasury, build a stronger and stronger sun-like center of gravitational pull around which the global token economy can revolve.
b. Pull. Circulating UNIT token has multiple uses that lock it up to create a supply shock and “pull” the price up through the various sales rounds and bring in more capital to the UNIT treasury to back the token economy. i. Other Project Banks/Treasuries. UNIT can be used to buy into other project tokens, and much of that UNIT will go into treasuries and will stay there as long as the project token sports an above-book valuation (i.e. token owners believe it the project has a future). ii. Bond Staking. UNIT can be staked to earn bonding rewards, similar to DOT bonding rewards by DOT holders who stake DOT tokens on the Polkadot network iii. Vaults. UNIT can be locked by UNIT owners in vaults they create. Deposits to the network of BTC, ETH, DOT, etc. by other users are i. wrapped by these vaults to the Unit Network in a decentralized way as BTCU, ETHU, DOTU, etc., and ii. loans to vaults, whose UNIT is locked until the loan is completely repaid, making UNIT the pristine global reserve asset for the world’s “decentral bank”.
What is UNIT token’s fundamental value?
UNIT’s decentralised treasury is backed by reserve assets BTC, ETH, DOT, MATIC, SOL, BNB, ADA, ALGO, AVAX, ONE, NEAR, XLM, ATOM, TON, CRO, and USDU. These assets (total value in the treasury divided by total token supply) represent the floor price of the UNIT token.
Why are you raising funds?
To back the token economy. The more capital wrapped onto the network and into UNIT, city, and industry token treasuries, the stronger the gravitational pull for token projects to be created to want to earn UNIT and/or the respective city or industry tokens.
What do you do with the money?
It simply backs the token and gives it fundamental value, so that the UNIT token itself is more attractive for use in the token economy.
What’s the P/E ratio for UNIT and what is it based on?
If profit refers to the increase in the UNIT treasury, and equity refers to the UNIT market cap, then the P/E ratio could be compared to a traditional tech company, which can have between a 20 to 100 P/E ratio.
How can I change UNIT tokens back to fiat?
Similar to Bitcoin/Ethereum/foreign currency/stocks, using an exchange that handles the conversion based on the market rates.
Does the UNIT token sale include commissions? If yes, what is the structure?
There is a token bonus specifically for the UNIT core team, which includes a combination of UNIT tokens (20%) and cash (10%). After the 10% cash bonus, 90% of funds raised in private token sales are not to be used for runway or operating expenses but simply to back up the network/protocol value, creating the floor price of the UNIT token.
What rights do UNIT holders have?
UNIT holders can redeem the floor value of the token from the UNIT treasury, as well as stake in vaults and liquidity pools, buy other tokens, and stake for bonding rewards to secure the network.