πͺUND & eUND Tokens
Unstoppable employs a dual token model, featuring $UND as the primary utility token and $eUND as its vested counterpart. This structure aims to align incentives for both the protocol and it's participants and create a sustainable ecosystem.
UND - Unstoppable Ecosystem Token
UND is the primary utility token of the Unstoppable protocol. It is fully liquid and can be used for staking. Holders who stake UND receive a share of the fees generated by the protocol. Additionally, UND is slated to become a governance token in the future.
Maximum Supply | 100,000,000 UND |
Starting Supply | 30,000,000 UND |
Vested as eUND | 70,000,000 UND |
Initial Distribution
Of the 30M Starting Supply, 20M UND was distributed through our fair-launch public sale. Another 10M UND was allocated to a Uniswap liquidity pool. Notably, there was no UND allocation for insiders, team members, VCs, or angel investors.
Public Sale | 20,000,000 UND |
Liquidity Pool | 10,000,000 UND |
Inflation
There is no set unlock schedule. eUND holders can opt to convert their tokens to UND over a 12-month period. However, during this period, these tokens do not accumulate any protocol fees and cannot be used for other activities within the protocol.
eUND - Earned Unstoppable Ecosystem Token
eUND unlike UND, is illiquid and not available on the open market. It is an "earned" token, rewarding contributors and supporters who add value to the ecosystem. Although eUND is illiquid, these tokens are fully transferable and can be traded OTC or on secondary markets. Unstoppable does and will not provide liquidity for eUND, nor will it incentivize eUND liquidity.
Vesting
eUND holders can convert their tokens to UND linearly over a 365-day period. During this time, eUND does not accumulate protocol fees and cannot be used in protocol-related activities like staking or governance.
When vesting eUND into UND, you are credited a daily amount of UND based on your total eUND balance. At the moment you claim your vested UND, the corresponding 1:1 amount of eUND is burned by the vesting contract, and the claimed UND is released to you. Claiming UND reduces your eUND balance, which in turn decreases the daily amount of UND you can vest going forward.
Example: If you commit to vesting 10,000 eUND at the start of the year, you are credited 27.4 UND per day over 365 days. (10,000 eUND * (1/365) = 27.4 UND) Example 2: If you claim 500 UND on day 50, your eUND balance is reduced to 9,500 eUND, and your daily vesting amount becomes approximately 26 UND per day (9,500 eUND * (1/365) β 26 UND) moving forward.
Token Comparison
Feature | UND | eUND |
---|---|---|
Acquisition | Available on open markets. | Earned through contributing to the ecosystem. |
Usage | Can be used for staking and future governance token. | Can be used for staking and governance, unless in the process of being vested into UND. |
Liquidity | Liquid token, tradable on exchanges. | Illiquid, but transferable OTC or on secondary markets. |
Protocol Integration | Direct involvement in protocol activities like staking. | Involved in protocol activities, unless in the process of being vested into UND. |
Fee Generation | Accrues a share of the protocol's generated fees. | Accrues fees unless in the process of being vested into UND. |
Vesting | Not applicable. | Vesting process linearly over 365 days to convert into UND. |
Initial Distribution | 20M sold via public sale, 10M deployed to Uniswap to seed liquidity. | Earned based on contribution to the ecosystem. |
Maximum Supply | Fixed maximum supply of 100M UND. | Derived from the portion of UND reserved for vesting (70M) |
Token Utility
Staking
Staking UND or eUND grants token holders a share of the protocol's fees and revenue, offering an incentive for holding and contributing to the ecosystem.
Governance
Unstoppable is committed to progressive decentralization. Initially, the team will steer the protocol for efficiency, but the goal is to progressively decentralize to on-chain DAO (Decentralized Autonomous Organization) steered governance. This will empower UND stakers to engage in decision-making, influencing the protocol's direction.
Distinct legal entities for the Bridge and Wallet will be established to manage regulatory interactions with traditional finance and will be exempt from governance influence.
Future Use Cases
The UND token's potential extends beyond its current applications. We foresee its use in reducing fees within the Unstoppable ecosystem and as collateral in a Masternode system, among other possibilities. As new features or use cases emerge, UND will remain integral to the Unstoppable protocol and its offerings.
Last updated