The global market of digital assets has experienced unprecedented growth over the past few years ever since the invention of the first blockchain in 2009 by Satoshi Nakamoto, reaching an all-time high of over USD800 billion in January 2018, a clear indication of the potential of blockchain technology. This belief in the potential of cryptocurrencies has led many to invest in digital assets with the intention of profiting substantially over time as the assets appreciate in value. Although analysts, investors, and enthusiasts speculate market growth, the market does not always continue in an uptrend, often experiencing corrections and dips along the way.
It is obvious that only those that remained in possession of their digital assets over a longer period realized more profits as can be easily seen from the above graph.
The cryptocurrency market has over 1500 different cryptocurrencies, with many having their own wallets, with most being built on popular blockchain architecture like Ethereum, and Neo. TOKENUNION has been developed with a focus on tokens on the Ethereum blockchain which are ERC20 compatible, with plans to support other blockchains in the near future via smart contract interaction. TokenUnion is offering a unique mechanism that allows token holders grow their positions while ensuring that they benefit from the time value of tokens(TVT). It essentially involves the rewarding of token holders for holding their tokens long-term using the Holding contract. This serves to solves one of the major issues that the cryptocurrency- panic selling.
TokenUnion has been developed to not only reward token holders for holding their tokens long-term but also to provide relative stability in the event of negative market conditions by curtailing massive panic selling. The modus operandi of Token Union is simple and some of its core features include:
- A withdrawal fee: Upon sending the token— either Ether or an ERC 20 token to the Holding contract, a static withdrawal fee is calculated for the token holder. This withdrawal fee is 5% of the Ether-based value of held tokens and it is denominated in UNI, using its real-time value.
- Reward distribution: Whenever a token-holder effects a withdrawal, all holders still on the platform receive a percentage of the withdrawal fee charged for the withdrawal which is commensurate with their holdings. The withdrawal fee is paid 100% to everyone on the network without any percentage being reserved for the Token Union platform ensuring that holders benefit maximally from token holding.
- Autonomous Conversion and Integration: TokenUnion intends making the network compatible with numerous ERC 20 token, allowing token holders receive rewards in any of their desired supported cryptocurrency. This conversion will be facilitated by the integration of services of Bancor. This will allow for the easy monitoring of the price of held tokens in real time.
Mobile and Desktop applications: UnionToken will feature applications for both mobile devices and desktops to make the services easily accessible to both token holders on the network and potential users. The applications will allow for the easy monitoring of tokens held in a user’s Holding Contract and the easy execution of withdrawal and rewards payment.
Liquidity: The integration of Bancor and the use of the UNI for the payment of withdrawal fees allows for the easy exchange of other tokens for UNI while also ensuring the easy exchange of UNI for any desired token using the Bancor platform.
The Token Union platform has its native token UNI which will be used as payment for withdrawals and incentives. Token holders using Token Union may choose to receive rewards in UNI or any compatible token of their choice. UNI is available to the public to purchase in Presale with the exception of residents and citizens of United States. Details can be found on TOKENUNION . Also, the airdrop is still on so sign up to receive your free tokens using AIRDROP..
USEFUL LINKS:
WWEBSITE: http://tokenunion.io/
WHITEPAPER: https://docsend.com/view/hj4tdrk
TELEGRAM: https://t.me/tokenunion
TWITTER: https://twitter.com/tokenunionio
GITHUB: https://github.com/tokenunion/
BTT USERNAME: KINGIGOLO
BTT LINK: https://bitcointalk.org/index.php?action=profile;u=1416347
WALLET: 0xbb4A41f3C43dDEc07Db17dE0f1D3E88FD6235246