Unibot Introduces UNISOL Token, Boosting Value for UNIBOT Holders
The promise of 80% UNISOL supply distribution to UNIBOT holders adds an intriguing dimension to the dynamics, potentially mitigating the impact of concerns around token dilution.
Trading application Unibot is set to introduce UNISOL, a native token in the Solana ecosystem, offering UNIBOT holders 80% of the supply through a snapshot and claim mechanism. The move initially caused concerns and a sell-off among UNIBOT holders, fearing dilution.
Despite initial concerns and ensuing market volatility that saw UNIBOT prices experience a temporary downturn, the Unibot development team is emphasizing the potential for UNISOL to enhance value accrual for UNIBOT holders. The reassurance comes with a promise that UNIBOT holders will receive 80% of the UNISOL supply through a snapshot and claim mechanism. This mechanism is designed to reward existing UNIBOT supporters and aligns with Unibot's commitment to fostering a robust and engaged user community.
Unibot has been on an upward trajectory since its launch in January, rapidly attracting over 20,000 users. The platform has also facilitated a substantial total volume of $130 million, showcasing its increasing popularity and adoption within the decentralized finance (DeFi) space.
The innovative trading application connects user wallets to the decentralized exchange Uniswap, offering a seamless and user-friendly experience reminiscent of popular messaging apps. Unibot's integration with Telegram and a terminal allows users to trade tokens effortlessly while leveraging the familiarity of widely used communication platforms.
Addressing the concerns raised by the community, Unibot developers outlined the revenue-sharing structure for protocol-generated revenue by @UnibotOnSolana. This structure involves a 50/50 split between two pools.
//ANNOUNCEMENT
— Unibot (@TeamUnibot) January 28, 2024
We'd like to clear the confusion around the path forward.
The revenue sharing for protocol revenue generated by @UnibotOnSolana is split 50/50 between two pools, described as follows.
Pool #1: simply being a holder of $UNIBOT on Ethereum, no strings attached.… pic.twitter.com/vqEVVhG1FI
Despite the recent market turbulence, Unibot remains confident in its trajectory, emphasizing the robust growth within a short period. The platform's unique approach, coupled with its commitment to community engagement, positions Unibot as a noteworthy player in the evolving DeFi landscape.
As the crypto community watches closely, Unibot's journey into the Solana ecosystem and the introduction of UNISOL will likely continue to spark discussions and intrigue among users and investors alike.
