Binance Launchpool, a new initiative designed to bring the decentralized finance (DeFi) experience to Binance users, today introduced a new project - Unifi Protocol DAO - a working multi-chain smart-contract based DeFi solution.
Unifi Protocol DAO is a group of non-custodial, interoperable, decentralized, and multi-chain smart contracts providing the building blocks for the next generation of DeFi development. The Unifi Protocol is designed to provide developers with functional DeFi building blocks linking multiple blockchains together into one large DeFi marketplace.
The UNFI token is a native utility token of the platform which incorporates the development team’s tokenomics and representative blockchain governance expertise gained through operating nodes on multiple top blockchains. UNFI’s highly rewarding Proof of Stake Global Governance Model drives the formation of entire communities that are incentivized to advocate for UNFI to be as successful as possible.
Unifi Protocol is a comprehensive token economy to ensure DeFi development and innovation needs are addressed. UNFI token combines the potential of all Unifi blockchain token ecosystems behind the one Global Governance token to represent the entire Protocol.
During Launchpool participation users will be able to stake their BNB, BUSD, or ETH tokens into separate pools to farm UNFI tokens, starting from 2020/11/14 at 0:00 AM (UTC). Binance will then list UNFI in the innovation zone at 2020/11/19 6:00 AM (UTC) and open trading for UNFI/BTC, UNFI/BNB, UNFI/BUSD and UNFI/USDT trading pairs.
“uTrade on Binance Smart Chain is the latest addition to Unifi’s multi-chain collection of DeFi smart contracts. We’re excited to expand our unique, completely on-chain solution to trustless trading, liquidity mining, and proof of stake governance “ stated Juliun Brabon, CEO of the Unifi Protocol. “UNFI is the Global Governance Token at the top of the ecosystem for Unifi Protocol on Ontology, Harmony, Tron, Icon, Ethereum and now BSC, designed to represent the contributions of our growing cross-chain community. We’re looking forward to premiering UNFI’s best staking rewards during the Launchpool event.”
“We are glad to support Unifi Protocol’s progress through Launchpool", said Binance CEO and Founder, CZ (Changpeng Zhao). "It’s also great to welcome more multi-chain projects to Binance Smart Chain”.
For more information about Unifi Protocoll, read the in-depth report provided by Binance Research.
Website - http://www.unifiprotocol.com
Medium - https://medium.com/unifiprotocol
Twitter - https://twitter.com/unifiprotocol
Telegram Announcements - https://t.me/unifiprotocol
Telegram Community - https://t.me/unifi_protocol
UNFI Proof of Stake - https://medium.com/unifiprotocol/unfi-proof-of-stake-3399130ddda3