We are pleased to announce our next AMA on November 11th 2021 at 01:00 PM UTC Time: Satoshi Club x Units Finance
⚠️Click to see the hour
⚠️Total Reward pool: 500$
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Units Finance Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 5 questions. Units Finance Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Units Finance
For more details:
Units Finance Website – https://units.finance
Units Finance Telegram – @units_protocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
A few days ago the UNITS team shared with us the launch of the first DeFi Friend-Referral program. The steps to participate are quite easy, we just have to refer a friend, and the UNITS bond smart contract will automatically credit our wallet address with 10% commission. Will this program be running for a limited time? Until when will we have the opportunity to earn through the referral program? You mentioned that each deposit made by our referral link will credit our wallet in 10% of the deposit’s value. Does each link have a maximum number of referrals allowed? Does our referral link have an expiration date?
Love the idea of making BTC more scalable , guess UNITs will work also as wallet right
You plan to create a unique and revolutionary multi-asset stable coin, called $MAU. Unlike other stable coin that is pegged to a single FIAT, your multi-asset stablecoin will combines 3 types of assets which are GOLD, USD and EURO. Can you shed more light on why you decide on these asset combinations as the basis for stability of MAU? I also found out that each of the multi-asset are in equal proportion of 33.33% each. Going by this fixed proportion, don’t you think that the stability of MAU may be affected if any gyrations caused fluctuations in the price of an underlying assets especially for Gold which lacks stability since it is not a stable fiat? How will you maintain stability in situations like this? How will your stablecoin structure enable a more stable and diversified asset for users?
Units Finance is a protocol that will enable minting, redeeming and converting tokenized units of exchange. One of the first unit you have created is muBTC which is a fractional units of Bitcoin that will always be equal to 1/1,000,000 Bitcoin. Can you explain the problem you are trying to solve by creating these Bitcoin derivative and whether the 1/1,000,000 muBTC proportion with BTC is in relation of Bitcoin market price at a particular price or Bitcoin market supply? How can this creation enable users to have a more affordable access to BTC and how does it provide a convenient quote of payment especially for payment involving BTC?
It caught my attention that I read that UNITs has a “new and revolutionary” way to perform better token presale called “Bonding”, can you tell us more about it? How does this new and revolutionary way exactly work? What kinds of new features or mechanics makes it so revolutionary and different from everything we know so far? Also, how is this Bonding Pre-Sale system more suitable to investors than the token Pre-Sale systems we already know and use? What benefits and advantages can investors get from this Bonding that other ways of token Pre-Sales can’t provide to them?
I read about Bonding which is an active short term investment with high ROI based on predefined discount for UNIT tokens. It utilise an auto staking mechanism which is said to reward investors with high APR in addition to the short term bond profit. How does Bonding work and how will users access the Bonding pool? What type of asset do user submit to this pool and how will your protocol determine a profitable discounted price which will be used during the conversion of deposited asset into $UNIT? What is an average bonding investment lifespan and how is the auto-staking carried out? Why is the conversion to UNIT necessary and how does it translate to boosted reward for investors?
The UNITS protocol auto staked Bonding is a new and revolutionary way to perform better token presale. took it even further by introducing a unique and revolutionary auto bet bonus mechanism that creates exciting short-term investment opportunities. What is the auto staked bonding protocol? How does the auto staked bonding protocol work? what advantages does it offer?
Staked UNIT tokens are the most efficient way to maintain the value of the token, which is in the best interest of the community. Consequently, UNIT’s stake pool includes high rewards for community members who recognize the importance of keeping their tokens in play. What kind of reward do UNIT holders receive? Minimum requirements to access these rewards? Why should the holder $ Unit keep its token in the long term?
The UNITS protocol binding mechanism is synonymous with short-term investment strategy. It is based on supplying USDC as liquidity to the UNITS protocol in exchange for UNIT tokens at a discounted price. The bonuses are locked for a period of 5 days, with an automatic betting mechanism that is very effective in increasing the rewards. What is Bonding? How does Bonding work? What advantages does this mechanism offer? How innovative is the mechanism?
The UNITS protocol invests WBTC guarantees in the main DeFi protocols that offer the best returns for WBTC. The algorithm based on smart contracts will optimize and manage investments. How will the UNITS investment management and optimization system work? Towards which DeFi protocols is it expected to invest?
The UNIT token is the governance token of the UNITS DAO protocol, the holders of the UNIT token will be the decision makers for the Echo system of the UNITS DAO protocol. The governance of the DAO Units protocol is based on a snapshot system. What is the snapshot system on which the governance of the UNITS protocol is based? How does this system work? What advantages does it offer? Who can participate in the Governance of UNITS?
At a high level, the UNITS protocol consists of the following main mechanisms: Convert, Bonus and bets. Can you explain what the Covert, Bonus and betting mechanisms are? How do these mechanisms work? What is the final objective that you seek to achieve through the mechanisms convert, Bonus and bets?
You said the muBTC token, like fractional shares in the traditional stock market is a more accessible unit of Bitcoin, each muBTC will always be equal to 1,000,000 BTC. Does this mean that the muBTC will not have space for growth and will always be equal to a million BTC? And if I am to buy muBTC, how long will you advice me to hold on to it for?
While reading Units Finance’s Roadmap I saw that for Q1 2022 you have plans to make collaborations and partnerships with Wallets and Exchanges. That being said, can you tell us more about this step you want to take in the future? As a project that enables an on-chain two-way conversion between Wrapped Bitcoin (WBTC) and Micro Bitcoin (muBTC) tokens, how could partnerships with Wallets and Exchanges be benefitial for the growth of your ecosystem? And, how could your services of on-chain two-way convertions be fitting for wallets and especially, exchanges? Also, since we are already at the end of this year, is there any kind of news regarding this collaborations you could share with us?
Your roadmap is interesting as I saw that you plan to create a Fork of numerous projects. I saw that you will create a Fork Uniswap liquidity mining smart contract, a Fork Uniswap vesting smart CONTRACT and also a Fork of Yearn’s Woofy smart contract. Can you explain why you prefer to fork all these projects in a single project and why it is better for you to go by a fork approach rather than build your own code? How will you effectively combine each project peculiar smart contract characteristics in Unit Finance protocol? Also, according to the roadmap, the execution of this fork as well as other investment strategy smart contract were expected to be done in Q2 2021. Are these events all executed? If so, can you share how the performance has been?
I observed from your whitepaper that that users have the ability to stake your two tokens $muBTC and $UNIT. Users earn rewards in $UNIT token when they stake $muBTC. Can you give the muBTC to UNIT reward ratio as well as the duration for staking? You also mentioned that “Keeping UNIT tokens staked is the most effective way to maintain the token value”. Bearing in mind that you are offering high rewards for staking UNIT, which is usually attractive to whales, what plans do you have to prevent whales from causing a dump and what are your anti-rug pull strategies?
In your bonding service, those who supply USDC as liquidity for the units protocol gets UNIT tokens at discounted price. How is this discount calculated? Is there a minimum or maximum supply of USDC to be supplied? Finally, the lock period for bonds is five days. Why do you make the duration this short?
Units Finance’s mission is to “Make Bitcoin Accessible” This is a new concept for me. Would you explain in simple terms how your platform achieves this feat? Is it available to everyone, no matter where they live, or if they are a small investor? Most importantly, will you be having any airdrops, so that we can get a grasp of how it works, before making a serious investment?
In your roadmap you have specified that for the first quarter of 2022 you plan to create partnerships and collaborations with wallets and exchanges. What type of wallet are you looking for to partner with? What characteristics do you look for in that wallet to be the ideal wallet for UNITS Protocol? Have you considered developing and launching your own UNITS wallet in the near future? Regarding partnerships with exchanges, are you focused on centralized or decentralized exchanges? Have you already been in communication with any exchange? When can we find out more details regarding this?
Your stable coin MAU is pegged by three different assets, US Dollar, Euro, and Gold in equal parts. What is the advantage of this multi-asset backing over other stable coins like USDT, USDC, BUSD, and DAI? I’ve heard rumors saying that stable coins like USDT are meant to drop in price over time since there is no real backing of the coin. Does MAU solve this? Are you completely transparent about this? Can investors be sure that MAU will remain stable over a long period of time, even with inflation and its effects on dollars, euros, and gold?
What are the main elements that make up the structure of the Units protocol, which of them brings greater benefits and profitability to the holders of their token, how they can guarantee the fully effective compliance of the DAO system and give the fair share to the. headlines in decision making?
What are the factors that determine what MAU really is? stable, which is the current real value of MAU, which are the assets that make it more solid and broaden its diversity, can you explain to us what the auto staked Bonding protocol is, most of the stablecoins are linked to a single Fiat currency while MAU accepts several types, how would you evaluate the performance and acceptance in the market?
What are the options to opt for the exceptional rewards offered by Units, what is the function of the bonuses, on which they were based to decide to introduce them to their platform, do these bonuses have any long-term incidence or only generate excellent investment opportunities to short term?
The Units DAO governance mechanism will be driven by the DAO protocol token, UNITS. Moreover, we are made to understand that the DAO protocol governance will adopt a “snapshot” system, for community administration. For purposes of clarity, can you kindly elaborate on the Protocol’s snapshot system, what are its basic structures and how does it ensure equitable and fair participation of all members in protocol decisions? Can you talk on the rewards available to all DAO members through the UNITS tokens, how is it effectively distributed, and how does Units Finance effectively ensure the equitable use of its community reserves allocation?
In the whole of your roadmap, I discovered that Q4 2021 has the highest number of items to be developed. Can you share with us about the deploy UNITs DAO govance token to BSC and Polygon MAINNET, what are you developing presently? Do you make any attempt to testnet at all before considering mainnet? And concerning the creation of partnerships & collaboration work wallets and exchanges you planned in the next quarter (Q1 2022), can you give us an advance overview about wallets you planned to approach?
The UNITS protocol will enable an on-chain two-way conversion between
Wrapped Bitcoin (WBTC) and Micro Bitcoin (muBTC) tokens. If user can actually stake muBTC tokens in the muBTC stking pool to earn rewards in UNIT tokens, How is the staking APR been calculated? How can user be getting outstanding rewards while keeping exposure to bitcoin? Is there any relationship/partnership between this project and Bitcoin or is this project been backed by bitcoin?
UNITS protocol brought a new feature by introducing a unique and revolutionary auto stakes bond mechanism which created exciting short-term investment opportunities and for the first time in the DeFi industry, presale purchased tokens will be auto staked and starts generating rewards immediately. In the bond terminology which contains seven terms, I want you to give more explanation on each of the terms? For instance if UNITs token is bond, how many days will it take before it can be redeemable? And what is the calculation behind the ROI?
From a recent blog post publication, we are made to understand that Units Finance will have a Public listing of its protocol token $UNIT on Sunday November 21st. Even as we eagerly anticipate this memorable event, can you carefully provide vivid information on the process with the conduct of this event, how much $UNITS will be made available and at what price, how will the distribution framework be, and where will the listing take place? Also, can you make us understand the measures put in place to manage the possibilities of an over or under subscription of $UNIT tokens during the event?
It was reported that Bonds were first introduced by Olympus DAO and was recorded that it gained tremendous success in which this project also planned for bonding with some additional features. UNITS protocol presale is now bond live just of recent, Can you give more explanation on how UNITS protocol presale will work? What are the steps to take before someone can successfully participate? If it is possible yo refer a friend for this presale, is there any percentage of commissions to be earned?
For the very first time in DeFi, presale tokens purchased will be auto staked with the $UNIT unique bonding mechanism. I learnt that there will be 100%+ ROI rewards for the early bonders, I want to ask that how many binders will be considered as the early ones? Without early bonders, what is the normal percentage of ROI rewards for bonding? The UNITs protocol presale bonding just stated, for how long will this presale last?
I understand that the Units Protocol Genesis Bonding is currently live, and early bird participants are guaranteed a ROI of 100%. These figures are really generous and it shows how much Units Finance values community support. On the heels of this, can you let us know how we could join in and enjoy this rewards, and for how long will the Genesis Bonding program last? Also, its stated that the bonds token will get equal allocations to both Polygon and BSC. May we know allocation numbers for each chain and will participants redeem their bonds?
Hello Units Finance team, I was reading your post on Medium and I checked the post where you announce the Units Protocol referral program, which offers the possibility of earning a commission just by inviting our friends to know the Units platform. This program caught my attention. I have some doubts. Must I have a minimum number of referrals as a requirement to be able to receive the commission and make use of it? Can I withdraw my commission as soon as I receive it or do I have to wait a few days? In what exceptional cases will we not receive the commission even after having invited our friends? Thank you.
I read that the UNITS protocol was imagined and executed by an anonymous team, could you tell us why it is so anonymous and taking into account that being anonymous generates some distrust, how will you manage to gain the trust of the users and demonstrate that even in anonymity, you are working to make Units Finance one of the most secure and reliable protocols in the DeFi world?
One of the questions that every user wants to have an answer to is related to profitability, so what makes Units Finance profitable, can you tell us who or what supports the UNIT token and ensures that it will have a good profitability over time?
I read that Units Finance proto will introduce the MAU stable coin, could you please share with us, how this coin will be useful and how it will differ from the others?
regarding the $UNIT token, could you tell us, what is its utility, how important is it within the platform, how many of these tokens are necessary for a user to be part of the governance, what benefits will be provided for those who keep them in their wallet, also tell us if they will allow users to generate profits through staking and farming and tell us what systems are used to maintain a stable value of it, for example do you have a burn-in system?
With regard to genesis bonding, there are several categories. There are the late birds, which receive: 50.0% ROI + Auto staking with heavy rewards, this one begins today, November 11. Then the next ones are the Night owls, which receive: 25.0% ROI + Auto staking with attractive rewards, this one begins on November 16. How much is the total of the bond token allocation? You mention that the late birds receive heavy rewards and the night owls will receive attractive rewards instead. What are the specific rewards for each one? As for the late birds, in addition to the ROI that is higher, do they receive more benefits in the rewards compared to the night owls?
Most users are interested in immediate benefits, not the true value of the project in the long run. How can your project convince users to invest in your platform in the long-term?
how can your team sustain the economy of this project, so that investors will stick to invest for a long period of time?
are you planning to advertise your project to a non-english speaking Investors?if yes then how are you going to do it?
Initially Units Finance Protocal has been developed on Polygon & BSC networks. Will you stay remain with Polygon & BSC networks forever? Because I couldn’t figure out in your whitepaper that You are up to onboard more Blockchain networks. Will there be any possibility to see other chains in Units Protocol ecosystem such as Ethereum, Solana, Cardano, Avalanche etc.. as a cross chain interoperability? By being on Polygon & BSC network, What kind of Primary advantages can Units Protocol aquire?
The UNITS Protocol Genesis Bonding auto staked bonding mechanism whereby creating an exciting short-term opportunities. Which base on supplying USDC as liquidity in return for UNIT tokens at an early bird rate with insane auto staking rewards. And it includes auto stake mechanism that boosts the rewards and creates insane ROI for the genesis bonders.my question, Who is qualified to be a BONDER? Since This is a short term opportunity, can you tell us how long this opportunity will prolong? I noticed that the timeline includes Early Birds, Late Birds and Night Owl. Are there different categories of each of the timeline? Does a User have a choice to choose amongst the timeline? What is the Insane Reward for each of the timeline according to their staking period? For the night Owls, the period last starting from Nov 16 till bond allocation finished,so when will bond allocation finish?
According to Your Roadmap, Units Protocol hope to launch Buyback smart contract on Testnet in second quarter of 2022. Can you give a sneak peek about this upcoming deflationary function on $UNIT tokens & your testnet? Will this Buyback smart contract be only for Units Protocol’s testnet or Will it be implemented on the Mainnet also? What will be the Buyback percentage that you hope to incur through the transaction fees? How will the Buyback smart contract be controlled the inflation rate & sudden price dumping of $UNIT tokens?
You said that muBTC staking pool is where I can stake muBTC tokens and earn rewards in UNIT tokens. Can you explain this more clearer to me, how can I own a muBTC? While staking the muBTC, until when will I be rewarded with UNIT tokens? What is the minimum muBTC amount I will have to stake? Thanks
Bonding is also a type of Staking method with short term investment strategy. By Putting our USDC as liquidity in Bonding pools, We can get $UNIT tokens at a discounted price & it will automatically boost the rewards. How much is the rewards claiming period & locking period? Can you give me your APRs & What is the uniqueness of Unit Bonding mechanism than other Staking pools in other DeFi platforms? But Our USDC will be locked for a certain period as you mentioned. How will we guarantee that you will unlock them after that period? Because I have experienced with worst & scammed stakings.
Units Finance’s presale bonding is live now. What benefits do early birds get in it?
It caught my attention that the MAU stable coin combines different types of assets,USD, EURO and GOLD. Why did you choose these three assets? Although the value of USD and EURO is stable, we all know that the price of GOLD fluctuates according to market conditions. Therefore, why didn’t you choose an asset with a stable value instead of GOLD? Further, please deeply explain how can we convert MAU to USD/EURO/GOLD. If we want to sell our MAU holdings, should they be converted to 33.33% USD, 33.33% EUR, and 33.33% GOLD? Or are we allowed to convert 100% into USD, EURO or GOLD as we wish?
I learnt that the Units DAO protocol governance is based on a snapshot system, whereby the community will raise proposals and control the direction of the ecosystem as the project progresses. The proposal and voting system will govern actions in; “Addition/Removal of support of new blockchain”, “Paying contributors”, “Staking/bonding rewards distribution” and “protocol improvements/proposals”.
-Will the community governance power be limited to the actions listed above?
-Is there a minimum amount of $UNIT tokens that users must hold to make proposals?
-How is the voting system? Will holders of higher number of $UNIT tokens have more voting power than holders of less number of $UNIT tokens?
I noticed that there are three tiers related to your auto staked bond, Early bird with a 100% ROI, Late bird with a 50% ROI, and Night owl with a 25% ROI. However, it is not clear how can we select each tier. For example, what is the procedure to join the Early bird category? Is there a minimum token amount to hold and a specific time period? Currently, the bond price is 0.025$ whereas the market price is 0.05$. Are they stable prices or do they fluctuate according to market conditions?
I read that your roadmap has specified that by Q1 2022 you plan to create partnerships and collaborations with wallets and exchanges, do you already have in mind or have you talked about partnering with any wallet, could you mention what kind of wallet you are looking to partner with in terms of this project, what are those qualities that UNITS Protocol looks for in a wallet, do you plan in the future to create your own wallet, would your approach to exchanges be centralized or decentralized?
Currently, almost all projects allocate great portions from their total supplies to advisors, team members and initial supporters. Contrastingly, 72% from your total supply has been allocated for the community. Is there a special reason behind this amazing decision? What type of utilities are attached to this allocation of 72%? As a community member, what are the available opportunities for me to receive funds from this allocation? How can I increase my chances to get more tokens?
At Infinite Launch how could they provide NFT users with a maximum of transparency so they can invest with confidence. Because currently in the world of cryptocurrencies there are many scams, how could this platform change the way users think? What guarantees can this platform offer to create a new vision for interested and investing users?
I understand that Unit protocol bonding mechanism is a short-term strategy while Staking Unit DAO tokens is a passive long-term strategy. “Since staking is in the community’s best interest the UNIT staking pool includes high rewards for community members that acknowledge the importance of keeping their tokens staked”.
-Is the staking APR fixed? If it is not, can you explain how the staking APR is calculated?
I also found out that UNITS protocol gets revenue by investing the WBTC collaterals in major DeFi protocols which offer the best yields for WBTC.
-Can you give a detailed explanation on the distribution of the revenues? How are the revenues used?
UNITS Protocol works with multiple chains for Binance and Polygon, could you incorporate some chains, what is UNITS Protocol’s management basis for choosing wallets, do you plan to partner with other wallets? Can you tell me why you choose these networks initially Polygon / Binance? Are you planning to integrate other blockchains as well in the future?
According to your roadmap, there are many events which are scheduled for Q4 2021. Some of them are; “Deploy UNITS DAO governance token to BSC and Polygon mainnet”, “Deploy UNIT token vesting to BSC and Polygon mainnet”, “Deploy Bond smart contract to BSC and Polygon mainnet”, “Deploy muBTC smart contract to BSC and Polygon mainnet” and “Deploy liquidity mining smart contract to BSC and Polygon mainnet”. Which of these have been achieved yet?
-Why did you choose to deploy these on BSC and Polygon mainnet?
-Since Units protocol is governed by the community/holders, will members of the community be able to propose the deploying of the features listed above on other blockchains?
One thing I noticed after reading Your whitepaper, at the moment you have not collaborated with any kind of platform. Is this a ruggable sign? Beacause there are lot of projects without any partnerships & they will become rugged in reality. But you have indicated that more partnerships will made in the first quarter of 2022. Why can’t you make new collaborations presently? Are there any issues with Unit protocol? If you will announce more partnerships in next year, what will be them? Could you please tell us the brand names of them?
As the Whitepaper says, $UNIT token holders will be the decision makers in Unit protocol ecosystem & they can raise proposals & lead the proposals in to actions by Votings for the progress of Unit protocol. So what is the minimum amount of $UNIT tokens that a user should hold to participate in Units DAO system? In what type of Key decisions will the $UNIT holders be able to manipulate? Please share more details about the Unit DAO system & it’s core mechanism?
In relevant to $UNIT tokenomics, Pre seed- 0.75%, Seed- 2.25%, community reserve- 72% were decided by Unit Protocol to raise the initial fund & Recently You have conducted the pre sale of unit protocol. Did you provide the $UNIT token allocation for the pre sale from seed or Pre seed or Community reserve? How was the presale, What amount did you obtain from presale? Please tell me about the Pre seed, Seed & community reserve? So how will the community buy $UNIT tokens from Community reserve allocation?
Units states that Bitcoin price dies not enable a convenient quote for day to day payments providing a great example of coffee price converted to muBTC. Does that mean that the price of muBTC is related directly to the price of BTC? How do the fluctuations of BTC impact muBTC?
The implementation of Bonding function is great, however any short-term investment strategy should have a solid backup. How do you plan to offer short-term effective earning mechanism if the bull run is almost over? What will you do in long term market decrease? Are the bonds guaranteed in terms of revenue?
I found out that the UNITS Finance protocol is DAO-governed in which all decisions are formed by community members on the forum and made by token holders through snapshot voting. So,could you enlighten us more about the snapshot voting? What is the process of snapshot voting and where it is being held? Since all the decisions are formed by community members and token holders,what will be the responsibility or duty of your team in the decision making and in snapshot voting. For community and token holders who will be part of the decision-making and snapshot voting,do you intend to incentivized them for their participation? Thank you
One of the step in your roadmap is the launching of the Genesis Mining for MAU STABLECOIN and for muBTC liquidity providers. Since energy consumption in mining is huge, my question is how do you plan to have a mining platform that will consume less energy and be more efficient? How would you regulate the fee that it takes to process one transaction,making it affordable for users in your platform? What kind of hardware would you use for mining MAU STABLECOIN?
The $muBTC staking pool is where you can stake your $muBTC tokens and earn rewards in UNIT tokens.So can you tell us how Units Protocol staking works?What is the amount of $muBTC will a user stake to earn $UNIT token?And how long will a user stake $muBTC before it can be redeem?Naturally, the more users stake, the higher chance they have of being rewarded.So can you tell us these rewards are estimated and expressed in APY?And do you accept any other cryptocurrences for staking apart from $muBTC?Please explain Thanks
On this 4th quarter,you set to launch Genesis Bonding and Genesis Mining for muBTC . So,could you share an overview about this Genesis Bonding and Genesis Mining for muBTC? What is the difference between the Genesis Mining from Genesis Bonding? How does Genesis Bonding and Genesis Mining being implemented and deployed in your platform? Which of the two,you give more priority and which is more essential in Units Finance especially for boosting the value of muBTC in the market? Thank you
Units states that Bitcoin price does not enable a convenient quote for day to day payments providing a great example of coffee price converted to muBTC. Does that mean that the price of muBTC is related directly to the price of BTC? How do the fluctuations of BTC impact muBTC?
Which blockchain was Units Finance established on? How safe will trading be in Units Finance? Could you please tell me about your audit program and whether or not it was completed successfully?
How make your project secure for converting? example mbtc to btc?
MAU’s system look so interesting is it possible if i can safe my assets in your gold token PAXG? do you have a plan to make the like derivative?
in auto bonding stake our token automatically stake right? so what happen if some investor buy or sell some UNIT while auto bonding has activated?