Unicly is a decentralized NFT protocol where users can freely tokenize and trade their assets. In this article, “What is Unicly?” We will answer the question. In addition, we will touch on other questions about the project.
What is Unicly? What does it do?
Unicly is a decentralized NFT protocol where users can tokenize their assets. The platform also offers features like staking, yield farming, and liquidity mining. But among these promising features from the combination of NFTs and DeFi, Unicly’s design and architecture make it easy for anyone to participate in the entire ecosystem.
Unicly offers an easy-to-use NFT generator and an automated market maker (AMM) enabled marketplace. This not only allows anyone to create their own digital tokens, but also provides the best prices for traders when they trade on the platform.
One of the most interesting NFT applications in the protocol is ‘fractionalization’. This is a process that allows multiple users to purchase an NFT in multiple partitions. This provides many benefits such as better liquidity, affordability and manageability of NFT holdings.
What is UNIC coin?
UNIC is Unicly’s native utility token that supports the platform’s yield farming mechanism and decentralized governance functions. The token will be a management token capped at a total supply of 1 million and the inflation rate will drop approximately once a month. Unicly will be managed by UNIC token holders. UNIC can be earned by staking whitelisted LP tokens and/or staking UNIC to earn more UNICs.
How does Unicly work?
The problem with other NFT platforms is liquidity. This is because a single NFT can only be purchased by one buyer. No one else can buy or own a share of the same NFT if they wish, unless both different buyers enter into an internal agreement to share an NFT. However, it is extremely unlikely to happen. And even if it does, such sharing agreements will need to be based on trust. This can become quite a problem sooner or later.
Hence the need for fractionation. Unicly allows different users to buy part of an NFT and trade it the same way with other crypto assets. They can even sell their NFT shares in the market later if they wish. The goal of Unicly’s approach is to make it easy for anyone to buy NFTs.
What is Unicly? How to get UNIC coin?
Unicly is currently traded on a small number of cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. Exchanges where Unicly is traded are listed as follows: MEXC, KuCoin, Huobi Global. Users who want to invest in the project should open an account on one of these exchanges.
