Mary\n| Satoshi Club:<\/strong> Hello \nSatoshi Club! We are happy to announce our AMA session with Units\nFinance! Welcome to Satoshi Club😀<\/p>\n\n\n\n @UnitsMu welcome to\nSatoshi Club 😀<\/p>\n\n\n\n MuMu:<\/strong>\nHi All, the UNIT protocol team is honored to be here and answer your questions.<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> We are very excited to have you here\ntoday, how is going your day?<\/p>\n\n\n\n MuMu:<\/strong>\nHey, Great, Busy day as you can guess😊<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> More work, more profits😉<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> well then Let’s start!<\/p>\n\n\n\n Please Introduce\nyourself and your team. How did you get to be involved in Cryptocurrency &\nUnits Finance?<\/p>\n\n\n\n MuMu:<\/strong>\nSure, we have assembled together about 5 months ago imagining and developing\nthis project. <\/p>\n\n\n\n We are an anonymous\nteam, composed of two senior and well experienced blockchain developers, a\nfinancial crypto expert and a top crypto strategist, so we believe we have\ncombined well financial expertise and well experienced blockchain developers.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Why did you decide to stay anon? Any\nreasons?<\/p>\n\n\n\n MuMu:<\/strong>\nThe anonymity purpose was to keep the developers private life, private. We have\nseen in the past non-anonymous teams defrauding investors (SquidGame\u2026), we\nbelieve trust is built over time and hard work and not just by names or titles.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> It has sense 🙂<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> yes we understand the reason<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> What about Units Finance goals? Why\ncrypto needs your project?<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> can you introduce a little about UNITS\nFinance before we go to community question<\/p>\n\n\n\n MuMu:<\/strong>\nThe UNITS protcol is about creating new UNITS \nof exchange.<\/p>\n\n\n\n The first unit we have\ncreated is muBTC (Make Bitcoin Accessible!)<\/p>\n\n\n\n The muBTC token, like\nfractional shares in the traditional stock market is a more accessible unit of\nBitcoin, each muBTC will always be equal to: \n1\/1,000,000 Bitcoin<\/p>\n\n\n\n At its core, muBTC\nsolves two problems:<\/p>\n\n\n\n 1. The price of a\nsingle BTC is too high in USD terms. muBTC token allows its holders to be exposed\nto BTC in a more accessible and convenient way.<\/p>\n\n\n\n 2. Bitcoin price does\nnot enable a convenient quote for day to day payments, imagine you would like\nto buy a cup of coffee for $1.99 with BTC at $500,000 you will need to pay\n0.00000398 BTC while the same purchase is quoted as 3.98 muBTC.<\/p>\n\n\n\n MuMu:<\/strong>\nAnother exciting unit is the: MAU – Multi-Asset StableCoin<\/p>\n\n\n\n MAU is a unique and\nrevolutionary multi-asset stable coin.<\/p>\n\n\n\n Unlike other stable\ncoins which are pegged to a single FIAT currency, the MAU stable coin combines\ndifferent types of assets, creating a more stable and broadly diversified\nstable coin.<\/p>\n\n\n\n The MAU token value is\nderived from the value of the following assets:<\/p>\n\n\n\n USD : EUR: Gold<\/p>\n\n\n\n This diversion creates\na more stable coin, better hedged from inflation due to its diversity and\nhaving the gold price index as part of it.<\/p>\n\n\n\n MuMu:<\/strong><\/p>\n\n\n\n muBTC Image<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> we have some question about this later\nfrom our community 😉<\/p>\n\n\n\n MuMu:<\/strong> <\/p>\n\n\n\n MAU Stablecoin Image<\/p>\n\n\n\n Sure.<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> Thanks for the intro. We still have a\nlot of questions<\/p>\n\n\n\n to learn more about Units Finance. <\/p>\n\n\n\n Ready to proceed with\nour first community question?<\/p>\n\n\n\n MuMu:<\/strong>\nYes, of course.<\/p>\n\n\n\n Q1 From telegram user\n@meml97<\/em><\/strong><\/p>\n\n\n\n It\ncaught my attention that I read that UNITs has a \u201cnew and revolutionary\u201d way to\nperform better token presale called \u201cBonding\u201d, can you tell us more about it?\nHow does this new and revolutionary way exactly work? What kinds of new\nfeatures or mechanics makes it so revolutionary and different from everything\nwe know so far? Also, how is this Bonding Pre-Sale system more suitable to\ninvestors than the token Pre-Sale systems we already know and use? What\nbenefits and advantages can investors get from this Bonding that other ways of\ntoken Pre-Sales can\u2019t provide to them?<\/strong><\/p>\n\n\n\n MuMu:<\/strong>\nHi, Bonding itself as not a new concept, Bonds were first introduced by Olympus\nDAO and gained tremendous success. The UNITS protocol took it even further, by\nintroducing a bond with an auto stake mechanism:<\/p>\n\n\n\n The supplied USDC is\nconverted into UNIT tokens according to the discounted UNIT price and\nautomatically staked in order to boost the rewards. So, by bonding you benefit\nboth from a predefined discount and boosted rewards for auto staking.<\/p>\n\n\n\n Bonds are locked up for\na period of 5 days, with an auto stake mechanism which is highly effective in\nboosting the rewards.<\/p>\n\n\n\n MAU unique and\nrevolutionary multi stable assets coin.<\/p>\n\n\n\n Get staking rewards\nwhile keeping your exposure to Bitcoin.<\/p>\n\n\n\n MuMu:<\/strong>\nWhat are the benefits of Bonding?\u200c<\/p>\n\n\n\n Bonding is an active\nshort term investment with high ROI based on predefined discount for the UNIT\ntokens. The auto staking mechanism is rewarding investors with high APR in addition\nto the short term bond profit.\u200c<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Is it live?🙂<\/p>\n\n\n\n MuMu:<\/strong>\nYes, it is, we have Bonds running for BSC and Polygon networks.<\/p>\n\n\n\n For now you can bond\nwith USDC on Plygon and BUSD on Binance Smart Chain and we are adding now a\nbond with BNB for the BSC network.<\/p>\n\n\n\n https:\/\/app.units.finance\/#\/bond<\/a><\/p>\n\n\n\n Robocop\n| Satoshi Club: <\/strong>How much UNIT token allocation for\nBonding Pre-Sale ?<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Cool👏👏👏<\/p>\n\n\n\n MuMu:<\/strong>\nWe have allocated 10M UNIT tokens for the presale.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Awesome! Thank you for your answers!\nReady to proceed?🚀<\/p>\n\n\n\n MuMu:<\/strong>\n Sure.<\/p>\n\n\n\n Q2 from Telegram User\n@MasterfulAstil <\/em><\/strong><\/p>\n\n\n\n Units\nstates that Bitcoin price dies not enable a convenient quote for day to day\npayments providing a great example of coffee price converted to muBTC. Does\nthat mean that the price of muBTC is related directly to the price of BTC? How\ndo the fluctuations of BTC impact muBTC?<\/strong><\/p>\n\n\n\n MuMu:<\/strong>\nThe muBTC will be always worth 1\/ 1,000,000 of Bitcoin, so if the price will\nmove in terms of specific pair it will create an arbitrage opportunity for the\nArbitrager to buy it in a discounted price and convert it back to WBTC, this\nmechanism is well known and is used by Maker Dao for their Dao token.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> How the process of convertation\nhappens?<\/p>\n\n\n\n MuMu:<\/strong>\nWe forked the Yearn smart contract which is used for the same concept of\nfractionalized token. Yearn smart contract have created the Woofy token, which\nis 1 \/ 1,000,000 of the YFI token.<\/p>\n\n\n\n Woofy token already\nhave around $6M market cap, imagine the\npossible market cap that can happen to a fractional Bitcoin.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Got it! Nice move! 👍<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> can you give reason why UNIT Finance\ncreate muBTC? what problem its try to solve?<\/p>\n\n\n\n MuMu:<\/strong>\nAt its core, muBTC solves two problems:<\/p>\n\n\n\n The price of a single\nBTC is too high in USD terms. muBTC token allows its holders to be exposed to\nBTC in a more accessible and convenient way.<\/p>\n\n\n\n Bitcoin price does not\nenable a convenient quote for day to day payments, imagine you would like to\nbuy a cup of coffee for $1.99 with BTC at $500,000 you will need to pay\n0.00000398 BTC while the same purchase is quoted as 3.98 muBTC.<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> Thank you, thats really clear and\ndetail answer, so do you want to add other comment or we can move to next\nquestion?<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> True, may be one day we will start\nfractionalize even one satoshi🤣<\/p>\n\n\n\n MuMu:<\/strong>\nHi, Yes, I would like to mention another point in this matter of muBTC.<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> sure<\/p>\n\n\n\n MuMu:<\/strong>\nStaking of muBTC on the UNIT farming pool, creates outstanding rewards\nopportunity while keeping your exposure to Bitcoin, while usually good yields\nfor Bitcoin in the current DeFi market.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Nice opportunity 😉<\/p>\n\n\n\n How can i get muBTC?\nWhat is the process?<\/p>\n\n\n\n MuMu:<\/strong>\nYou can convert WBTC for muBTC in the UNIT App interface and you can always\nconvert it back with the same ratio, so your original funds are kept at their\noriginal deposit sum.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> So easy! Thanks!🙂<\/p>\n\n\n\n Q3 from Telegram User\n@Jamesxmen <\/em><\/strong><\/p>\n\n\n\n In\nrelevant to $UNIT tokenomics, Pre seed- 0.75%, Seed- 2.25%, community reserve-\n72% were decided by Unit Protocol to raise the initial fund & Recently You\nhave conducted the pre sale of unit protocol. Did you provide the $UNIT token\nallocation for the pre sale from seed or Pre seed or Community reserve? How was\nthe presale, What amount did you obtain from presale? Please tell me about the\nPre seed, Seed & community reserve? So how will the community buy $UNIT\ntokens from Community reserve allocation?<\/strong><\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> A lot of questions in one🙂<\/p>\n\n\n\n MuMu:<\/strong>\nSure, we will answer it one by one:<\/p>\n\n\n\n 1. The presale\nallocation is part of the 4% liquidity allocation, the auto staked rewards are\nfrom the community reserve.<\/p>\n\n\n\n 2. Presale so far have\nraised 35% from our minimum goal in 3 days for the first bond.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> How long will it last in total?<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> btw, can you share the detail of\nTokenomics from $UNIT ?<\/p>\n\n\n\n MuMu:<\/strong>\n3. The community reserve, will be fully distributed to the community as rewards\nfor staking, farming and bonding.<\/p>\n\n\n\n Hope it answer this\nquestion in full.<\/p>\n\n\n\n Yes, the full\nTokenomics details can be found here:<\/p>\n\n\n\n https:\/\/unitsprotocol.gitbook.io\/unitsprotocol\/tokenomics<\/a><\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> Thank you<\/p>\n\n\n\n Q4 from Telegram User\n@yellowchamp<\/em><\/strong>\n<\/strong><\/p>\n\n\n\n I\nfound out that the UNITS Finance protocol is DAO-governed in which all\ndecisions are formed by community members on the forum and made by token holders\nthrough snapshot voting. So,could you enlighten us more about the snapshot\nvoting? What is the process of snapshot voting and where it is being held?\nSince all the decisions are formed by community members and token holders,what\nwill be the responsibility or duty of your team in the decision making and in\nsnapshot voting. For community and token holders who will be part of the\ndecision-making and snapshot voting,do you intend to incentivized them for\ntheir participation? Thank you<\/strong><\/p>\n\n\n\n MuMu:<\/strong>\nAs a fully decentralized protocol, the UNIT protocol token holders should be\ninvolved and be part of the protocol decisions, so each token holder will be\nable to participate and help shaping the protocol future.<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> so there is no minimum token hold to\nparticipate into UNIT DAO right ? thank you for the answer<\/p>\n\n\n\n MuMu:<\/strong>\nThat will be our first proposal to decide with the help of the community.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> When do you plan to start with\ngovernance?<\/p>\n\n\n\n MuMu:<\/strong>\nGovernance proposal will be enabled Several days after the token listing which\nwill be after November 22, 2021.<\/p>\n\n\n\n Q5 From telegram user\n@Orlemys<\/em><\/strong><\/p>\n\n\n\n Your\nstable coin MAU is pegged by three different assets, US Dollar, Euro, and Gold\nin equal parts. What is the advantage of this multi-asset backing over other\nstable coins like USDT, USDC, BUSD, and DAI? I\u2019ve heard rumors saying that\nstable coins like USDT are meant to drop in price over time since there is no\nreal backing of the coin. Does MAU solve this? Are you completely transparent\nabout this? Can investors be sure that MAU will remain stable over a long\nperiod of time, even with inflation and its effects on dollars, euros, and\ngold?<\/strong><\/p>\n\n\n\n MuMu:<\/strong>\nAs you are aware of stable coin is a\nhuge market, but we have identified these coins has two problems, the first one\nis lack of diversity, almost all of them are pegged to a single asset which is\nthe US Dollar.<\/p>\n\n\n\n and the second core\nproblem in this market is lack of inflation hedging and by creating a multi\nassets stable coin which is both diversified and includes an asset as gold\nwhich is known to be an inflation “hedger”, we believe we can disrupt\nthis huge market with this new UNIT of exchange.<\/p>\n\n\n\n Also, the MAU is fully\ndecentralized and backed by tokenized USD \/ EUR \/ Gold locked in smart\ncontract.<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> thats really great info for solve\nstablecoin problem😀<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> It will be always backed by this\ncurrencies? 🙂 Or it can be changed somehow?<\/p>\n\n\n\n MuMu:<\/strong>\nYes, always backed by this currencies.<\/p>\n\n\n\n The UNIT protocol in\ngeneral was created in order to offer UNITS of exchange, so as additional\nopportunities for new tokens with different structure are met, we will with the\ncommunity confirmation, consider creating new tokens, but the MAU token should\nstay stable as the current declaration.<\/p>\n\n\n\n Robocop\n| Satoshi Club:<\/strong> where we can get MAU token ? any link\nthat you can share?<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Gotcha! 👏<\/p>\n\n\n\n MuMu:<\/strong>\nWe have fully developed so far the UNIT token, the MAU token is still under\ndevelopment and was not released yet, you can view our full and detailed\nroadmap here:<\/p>\n\n\n\n https:\/\/unitsprotocol.gitbook.io\/unitsprotocol\/roadmap<\/a><\/p>\n\n\n\n Q6 From telegram user\n@Asela1112<\/em><\/strong><\/p>\n\n\n\n According\nto Your Roadmap, Units Protocol hope to launch Buyback smart contract on\nTestnet in second quarter of 2022. Can you give a sneak peek about this\nupcoming deflationary function on $UNIT tokens & your testnet? Will this\nBuyback smart contract be only for Units Protocol\u2019s testnet or Will it be\nimplemented on the Mainnet also? What will be the Buyback percentage that you\nhope to incur through the transaction fees? How will the Buyback smart contract\nbe controlled the inflation rate & sudden price dumping of $UNIT tokens?<\/strong><\/p>\n\n\n\n MuMu:<\/strong>\nYes, the UNIT Protocol revenues model is The UNITS protocol is built over\ninvesting the WBTC collaterals in major DeFi protocols which offer the best\nyields for WBTC.<\/p>\n\n\n\n The smart contract\nbased algorithm will optimize and manage the investments.<\/p>\n\n\n\n 80% of these revenues\nare used for buy back of the UNITS protocol governance token in order to\ndistribute the profits to the UNIT token holders.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Now you can share links to your\nchannels 🙂<\/p>\n\n\n\n So, our community won’t\nmiss them!<\/p>\n\n\n\n MuMu:<\/strong>\nThanks You, it was pleasure so far and we will be happy to answer more\nquestions.<\/p>\n\n\n\n Docs: https:\/\/unitsprotocol.gitbook.io\/unitsprotocol<\/a>\n<\/p>\n\n\n\n Tech: https:\/\/github.com\/Units-DAO\/units-dao-contracts<\/a>\n<\/p>\n\n\n\n Telegram Announcements Channel: https:\/\/t.me\/joinchat\/xPtcEH3TCFdhZDk0<\/a>\n<\/p>\n\n\n\n Twitter: https:\/\/twitter.com\/units_protocol<\/a>\n<\/p>\n\n\n\n Telegram Group: https:\/\/t.me\/unitsprotocol<\/a> <\/p>\n\n\n\n Medium: https:\/\/medium.com\/@UNITSDAO<\/a> <\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-11-11_21-44-22-1024x576.jpg\")
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