Reading: Ethereum Just Shot Up $250 But Don’t Bet on That Resistance Breaking

Arbismart Logo Sponsored
Press releases

Launchpool Project Launches to $84M in Volume

Bitcoinist

Bitcoinist | Nov 21, 2020 | 18:38

Unifi Protocol ($UNFI), Binance’s 8th Launchpool project, listed on Binance Exchange to overwhelming support.  Press releases

Launchpool Project Launches to $84M in Volume

Bitcoinist

Bitcoinist | Nov 21, 2020 | 18:38


Send
Share

UNFI sets new expectations for Launchpool Tokens. Unifi Protocol ($UNFI), Binance’s 8th Launchpool project, listed on Binance Exchange to overwhelming support.  UNFI immediately rocketed up over 200% to take the top spot on Binance’s leaderboard for the day.  UNFI is still available for mining on Binance Launchpool where over $600M USD worth of Ethereum, BNB, and BUSD are competing for a share of the UNFI pool.


24 hours after listing, UNFI premiered on CoinMarketCap boasting over $84M USD worth of trading volume.  Binance listed 4 pairings, UNFI/USDT, UNFI/BTC, UNFI/BNB, and UNFI/BUSD.  UNFI was also listed on MXC, Bibox, Hotbit, and JubiHBTC has also announced it will be listing UNFI.  

UNFI is the Global Governance token for Unifi Protocol.  The market reacted positively to Unifi’s claims it has built a sustainable DeFi system.  In a recent AMA with Binance on Telegram, Juliun Brabon CEO of the Unifi Protocol wrote, “We believe this is a big reason why we have seen the market react negatively to some other DeFi platforms. Once token holders realize that the rewards are not sustainable, their confidence evaporates. Unifi’s tokenized rewards structure, on the other hand, is an ecosystem that compliments each other and is built to last.”  Brabon went on to write “Building a token economy allows Unifi to create a system of token holders who are all advocates, because they know if the Protocol succeeds, then so do they. Adding Proof of Stake governance just further empowers those who use the platform the most to be the most involved in the governance and earn the largest staking rewards.” 

According to the website Unifi Report, Unifi Protocol’s flagship platform uTrade has 60 pairings across 4 blockchains and hosted almost $750K dollars in trading within the 24 hour period.  Unifi has already announced the expansion of uTrade to Ethereum and ICON this year. 


Disclaimer: The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?


Send
Share
Show comments