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Hello,\nSatoshi clubbers Another AMA took place in Satoshi Club and we would like to\nintroduce to you the AMA session with our friends from Unicly and our guest was\nLeia Fisher. The AMA took place on 3\nApril.<\/p>\n\n\n\n
The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In\nthis AMA Recap we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Mary | Satoshi Club:<\/strong> Hello\nagain Satoshi Club! We are happy to announce our AMA session with Unicly!\nWelcome to Satoshi Club😀<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> our\ntoday’s guest – @LeiaFisherOne ! hello, welcome to Satoshi Club!<\/p>\n\n\n\n Leia Fisher:<\/strong> Hi\neveryone!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> 👋<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Hello,\nLeia! How are you today?😀<\/p>\n\n\n\n Leia Fisher:<\/strong> I\u2019m\nreally great and excited to meet everyone in the club.☺️<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Fantastic\n🚀 so, let’s start\nour AMA 😀<\/p>\n\n\n\n Could you please introduce yourself and tell us more\nabout Unicly?<\/p>\n\n\n\n Leia Fisher: <\/strong>I\u2019m\nLeia (I go by 0xLeia everywhere). I\u2019m a designer and developer, and a huge fan\nof art. I\u2019ve been participating in the NFT space for many years. <\/p>\n\n\n\n Unicly is a protocol to combine, fractionalize, and\ntrade NFTs with guaranteed liquidity. The protocol allows users to wrap any\nnumber of NFTs together into a \u201cuToken\u201d, which is the ERC20 equivalent of the\nNFT collection. Users can then provide liquidity and experience AMM-type price\ndiscovery of these fractionalized NFT collections.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong>,Great\nidea, i like it! Btw, when did you get your first NFT?😀<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> how\nmany people with you working on the project?<\/p>\n\n\n\n Leia Fisher:<\/strong> Late\n2018<\/p>\n\n\n\n Our core team is about 9 members but we have a larger\ncommunity of designers and developers.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong>,\nYou were really early👍\nmost users heard about NFTs only in 20-21 on the wave of hype<\/p>\n\n\n\n Leia Fisher:<\/strong> I\u2019m\nreally tuned in to the crypto space so i knew about NFTs when they were just an\nEIP<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> And\nyou had time to accumulate more experience and ideas how to improve this space😀<\/p>\n\n\n\n Thank you for your intro, Leia! We choose 6 questions\nfor the first part!<\/p>\n\n\n\n Are you ready for them?<\/p>\n\n\n\n Leia Fisher:<\/strong> Ok,\nlet\u2019s get started<\/p>\n\n\n\n Q1 from Telegram user @yiselen<\/em><\/strong><\/p>\n\n\n\n Buying NFT is quite a laborious process.\nFungible tokens can have thousands of buyers and sellers, but each NFT\ntransaction depends on bringing together a single buyer and a single seller.How\ndoes Unicly improve the quality of this process? Tell me a little about your\nfractional model?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> Fractionalization\nallows more people to trade NFTs at lower price points, enabling more of us to\nhave ownership of even the most coveted NFTs. We do that by integrating NFTs\nwith our series of smart contracts.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> can\nyou describe the process? because i can’t imagine how is it possible<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Does\nit mean that i will be able to buy a part of Beeple NFT, for example?<\/p>\n\n\n\n Leia Fisher: <\/strong>Good\nquestion, we detail the fractionalization process here in our\ndocumentation \nhttps:\/\/docs.unic.ly\/tutorials\/how-to-fractionalize-your-nfts<\/p>\n\n\n\n If the NFT was on our platfrom then YES.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Gotcha\n👍<\/p>\n\n\n\n Where we can get uSDF?<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> but\nhow can you split NFTs i thought it’s impossible?<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Oh,\ngot it, it’s like i will issue this when add NFTs, right?<\/p>\n\n\n\n Leia Fisher:<\/strong> We\nare not spliting the NFTs, we are issuing Utokens based on the underlined value\nof the NFTs<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> As\ni understand the main idea behind this to allow all users to own a part of NFT\nif they can’t afford to buy whole?<\/p>\n\n\n\n Leia Fisher:<\/strong> Yes<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Then\nwhy did you launch your project on ETH? It’s expensive nowadays and the meaning\nis partially lost<\/p>\n\n\n\n Leia Fisher:<\/strong> On\nour platform, you can find uToken\ncollections on the Discover. If you find NFTs that you like, look through the\ncollection and put up a bid! If you want a piece of the whole collection, you\ncan buy some uTokens. As a uToken holder, you can govern the collection. If you\nbelieve that the total value of the bids on the collection is high enough for\nthe collection, you should stake your uTokens to unlock the NFTs. Once enough\npeople stake, you can redeem your uTokens for some of the NFT auction proceeds.<\/p>\n\n\n\n After our initial launch we will be looking at layer 2\nsolutions<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Nice\nstructure 👍<\/p>\n\n\n\n Leia Fisher: <\/strong>Thanks!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Got\nit! Thank you for your answers! Are you ready for the next question?<\/p>\n\n\n\n Leia Fisher:<\/strong> Sure!<\/p>\n\n\n\n Q2 from Telegram user @moreandmoreeee<\/em><\/strong><\/p>\n\n\n\n Trust is so important in business, what\nmakes investors, customers and users feel secure when participating in your\nproject? How will you gain the trust of many negative users about Blockchain\nand DeFi?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> Blockchain\ntechnology was design to be trustless. so we build on those tenets.there\u2019s no\nneed to trust us in particular, trust the contracts that are open source and\nare auditable.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> what\nabout your team, are you public or not?<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Do\nyou plan to conduct an audit of your platform?<\/p>\n\n\n\n Leia Fisher:<\/strong> We\ndon\u2019t want to focus attention on the team because the project is geared more\ntowards the community goverance starting with our fair launch.<\/p>\n\n\n\n you can review that here https:\/\/github.com\/uniclyNFT\/Resources\/blob\/main\/Unicly%20Security%20Audit.pdf<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Thank\nyou!<\/p>\n\n\n\n Ready to proceed?😀<\/p>\n\n\n\n Leia Fisher:<\/strong> Ok!<\/p>\n\n\n\n Q3 from Telegram user @victorogb<\/em><\/strong><\/p>\n\n\n\n As stated on your official website, to\nfarm UNIC one has to provide liquidity by staking their uTokens to earn more\nUNIC. You can also stake more UNIC to earn xUNIC where xUNIC can be converted\nfor more UNIC over time. Can you carefully explain this process, what is the\ndifference between UNIC and xUNIC, and why do I have to stake my earned UNIC to\nget xUNIC does it mean that UNIC can also be used as an LP token?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> Yes,\nUNIC holders can convert UNIC into xUNIC to earn more UNIC. The yield comes\nfrom the UNIC bought back on UnicSwap (through the fees). Details of that are\nfound here https:\/\/docs.unic.ly\/tutorials\/how-to-liquidity-mine-and-farm-unic<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> When\nliquidity mining will start?<\/p>\n\n\n\n Leia Fisher:<\/strong> On\nApril 19th, the Launch Partners will be finalized, which will add them to the\ngenesis whitelisted pools on Unicly. Liquidity mining will start on April 21st\nat a specific, pre-determined (and public) block height, to be announced closer\nto April 21st.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Our\nnext question is about Launch Partners😉 can we jump to it?<\/p>\n\n\n\n Leia Fisher:<\/strong> Ok!<\/p>\n\n\n\n Q4 from Telegram user @AmirJosh<\/em><\/strong><\/p>\n\n\n\n What is Unicly Launch Partner program? Who\ncan be a launch partner and what are the benefits they will enjoy when approved\nas a Unicly Partner? Can you tell us the selection process of this program?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> On\nday 1, I will start with 1 token in order to vote in the first set of\nwhitelisted pools. I have to do this so that there is an initial list of pools\nthat can mint new UNIC, and therefore the community can take the reins\nimmediately with their tokens.<\/p>\n\n\n\n We believe that it will be best to have the community\nhelp choose which collections will become Whitelisted Launch Partners. Between\nApril 7th and April 19th, the community will be able to interact, discuss, and\nchoose which uTokens collections are the most \u201cunique\u201d out of the ones that are\ncreated. The quality of the collection, amount of liquidity, and engagements by\nthe community (on social media) will be taken into account for the whitelisting.\nOnly uTokens that have been created on-chain through the Unicly protocol will\nbe considered. The quicker you set up your uToken collection, the more time the\ncommunity gets to look at it and support it!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Do\nyou already have artists who are ready to create collections for your platform?<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> so\npeople will have to add liquidity into pools to participate in mining? or im\nmistaken?<\/p>\n\n\n\n Leia Fisher:<\/strong> Several\namazing NFT projects, collectors, and artists have already expressed interest\nin becoming launch partners. To name a few= \nAavegotchi, Terra Virtua, Star Atlas, Doki Doki, Waifu have all\nexpressed interest!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Familiar\nnames! Fantastic!<\/p>\n\n\n\n Leia Fisher:<\/strong> Yes<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> members\nof your team will be also participate in the mining on the launch day? 😉<\/p>\n\n\n\n Leia Fisher:<\/strong> 90%\nof UNIC tokens will only be minted via liquidity mining and 10% will\nprogressively be allocated to the development team as they get minted over time<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> thank\nyou for the answer! ready for the next question?<\/p>\n\n\n\n Leia Fisher:<\/strong> Ok\nlet\u2019s go!<\/p>\n\n\n\n Q5 from Telegram user @NataliyaKil<\/em><\/strong><\/p>\n\n\n\n While studying your project, I read that\nUNIC can be mined forever. How will you control the amount of token mined by\nusers so that it does not exhaust the total UNIC supply?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> Each\nmonth, the mint rate of UNIC tokens will decrease by 5%, starting at a monthly\nmint amount of 50,000 UNIC. Therefore, the supply will never reach 1M UNIC.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> That’s\nnice!<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> It’s\nclear for me😀<\/p>\n\n\n\n Leia Fisher:<\/strong> Great!<\/p>\n\n\n\n Mary | Satoshi Club: <\/strong>Ready\nfor the 6th and last question from this part?😀<\/p>\n\n\n\n Leia Fisher:<\/strong> Ok!<\/p>\n\n\n\n Q6 from Telegram user @Dudeiebitch<\/em><\/strong><\/p>\n\n\n\n We have the issue of copyright in NFT\nselling, how do you deal with it when the seller issues copyright on his\nproduct without the buyer knowing. You know that they can claim the product\nback if they have copyright on it, I don\u2019t know if you have a p2p platform that\nmake the seller and buyer interact.<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> That\u2019s\na solution we can work towards with regulatory bodies as its a legal issue and\nnot a technical one.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Got\nit! 👍<\/p>\n\n\n\n Leia, do you want to add something before the live\npart will start😀?<\/p>\n\n\n\n Leia Fisher:<\/strong> Only\nthat everyone should follow all our socials from our website https:\/\/unic.ly\/\nand take part in the whitlisted collection voting!<\/p>\n\n\n\n D. | Satoshi Club:<\/strong> [\n👍 Sticker ]<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Sure!\nSatoshiclubbers, join👏<\/p>\n\n\n\n Ready for the storm of questions?😀<\/p>\n\n\n\n @LeiaFisherOne<\/p>\n\n\n\n Leia Fisher:<\/strong> Yep<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Let’s\ngo 🚀<\/p>\n\n\n\n Q1 from Telegram user @topind7<\/em><\/strong><\/a><\/p>\n\n\n\n What is Unicly main aim\nor objective for the community and will there be private sale soon?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> Unicly will be governed by the UNIC token. There has\nbeen no private sale and there never will be one. 10% of tokens will go to the\ndevelopment team as they get minted over time. The remaining 90% will only be\navailable through liquidity mining. The community will be voting on whitelisted\npools and participating within our platform.😃<\/p>\n\n\n\n Q2 from Telegram user @Joshblaze<\/em><\/strong><\/strong><\/p>\n\n\n\n Does your project name\nhas any important to project growth?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> NFTs have a lot to do with being unique. We\u2019re also\nlooking for unique collections, and we\u2019re a very unique protocol. We wanted to\ncapture all of this in our name, while making it memorable.<\/p>\n\n\n\n Q3 from Telegram user @sumione<\/em><\/strong><\/strong><\/p>\n\n\n\n Where is UNIC available\nto buy and can you give me its contract\naddress?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> On April 19th, the Launch Partners will be finalized,\nwhich will add them to the genesis whitelisted pools on Unicly. Liquidity\nmining will start on April 21st at a specific, pre-determined (and public)\nblock height, to be announced closer to April 21st. <\/p>\n\n\n\n UNIC starts getting\nminted on April 21st 🙂 The community will add liquidity for UNIC when\nthat happens, and people will be able to start buying UNIC.<\/p>\n\n\n\n Q4 from Telegram user @mucana<\/em><\/strong><\/strong><\/p>\n\n\n\n Can you explain the\nimportance of Unicly’s long-term vision for its users and investors? And what\nis your strategy for drawing the attention of the crypto world to Unicly?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> There have been a few early efforts to fractionalize\nNFTs and we have learned a lot from them. Through Unicly, we aim to solve the\nexisting problems. <\/p>\n\n\n\n Unicly\u2019s key attributes\nare the following. <\/p>\n\n\n\n \u2022 \u25cf Enabling sharding of collections containing\nmultiple NFTs across different smart contracts (ERC-721 and\/or ERC-1155s). <\/p>\n\n\n\n \u2022 \u25cf Treating every NFT within a sharded\ncollection as a unique, irreplaceable item. \n<\/p>\n\n\n\n \u2022 \u25cf Allowing collectors to bid for specific NFTs\nrather than entire collections. <\/p>\n\n\n\n \u2022 \u25cf Treat all shards equally and never rely on\nrandomization of reward <\/p>\n\n\n\n distributions. <\/p>\n\n\n\n \u2022 \u25cf Sharing the proceeds from NFT disposals\nequally between all shard holders <\/p>\n\n\n\n (or uToken holders). <\/p>\n\n\n\n \u2022 \u25cf Allowing shard holders to accept bids by\nvoting with their shards as opposed <\/p>\n\n\n\n to forcing them to\ncounterbid. <\/p>\n\n\n\n \u2022 \u25cf Eliminating incentives for NFT collections to\ndepreciate through selective <\/p>\n\n\n\n inventory churning. <\/p>\n\n\n\n \u2022 \u25cf Rewarding contributors of the best NFT\ncollections through liquidity mining of <\/p>\n\n\n\n the UNIC governance\ntoken. <\/p>\n\n\n\n We believe that there is\nno NFT fractionalization platform out there that has solved most of the\nunderlying issues, to create a fully functional protocol that fits the market\u2019s\nneeds.<\/p>\n\n\n\n Q5 from Telegram user @nadee5<\/em><\/strong><\/strong><\/p>\n\n\n\n As a \nnew project , What \nare the marketing \ncampaigns have done \nso far to increase community of \nunicly ? Any \ngiveaways,competitions?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> We have many ongoing giveaways and contests, pls do\nfollow our telegram group https:\/\/t.me\/unicly_community for the latest 😀<\/p>\n\n\n\n Q6 from Telegram user @MCBTrade<\/em><\/strong><\/strong><\/p>\n\n\n\n I thought that NFT\ntechnology was still in its infancy and the digitalization process of our lives\nwould accelerate. Finally, the Unicly project emerged. It is very gratifying\nthat NFT technology is so seriously included in our real life. Do you expect a\nchange and digital transformation in the brand and branding process with\nUnicly? Can anyone easily create their own brand in many products such as\ntextiles and gift items? I think this would be a very exciting start …<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> Anyone can create a Unicly Collection and configure\nto their liking, check out more here\nhttps:\/\/docs.unic.ly\/tutorials\/how-to-fractionalize-your-nfts we are excited to\ngrow the unicly brand with all our collections!<\/p>\n\n\n\n Q7 from Telegram user @Xuso<\/em><\/strong><\/strong><\/p>\n\n\n\n I read your medium it\nsaid unicly will bring new innovation regarding Yield farming into the world of\nNFTs, as I know yield farm possible to token but how does it work if we farm\nwith NFTs? And how about the reward distribution system?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> Yes our platform combines NFTs and Defi. Check out\nour liquidy mine and farm tutorials here\nhttps:\/\/docs.unic.ly\/tutorials\/how-to-liquidity-mine-and-farm-unic<\/p>\n\n\n\n Q8 from Telegram user @cryptonation2<\/em><\/strong><\/strong><\/p>\n\n\n\n What role does a\ncommunity plays for Unicly? What are your plans to increase awareness and\nadoption for non english users??<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> This project will be all about community, and we\nbelieve that we\u2019ll find community members from all over the world that will\nhelp advance our ecosystem. We believe that this network effect and word of\nmouth will attract non-English speakers, and we could also see community\ncontributors translating content for us as well.<\/p>\n\n\n\n Q9 from Telegram user @Kushal85127939<\/em><\/strong><\/strong><\/p>\n\n\n\n How users can make or\nmint their own NFTs on your platform? Is there any guide, tutorial or\nwhitepaper for Crypto Newbies?<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> Yes we have created a comprehensive guide and will\nadd more tutorials shortly, Also, we have our telegram chat where you can ask\nquestions also. https:\/\/docs.unic.ly\/tutorials\/how-to-fractionalize-your-nfts<\/p>\n\n\n\n Q10 from Telegram user @Robotliker1<\/em><\/strong><\/strong><\/p>\n\n\n\n could you help me\nproviding tokenomics and how much tokens is in circulation<\/strong><\/p>\n\n\n\n Leia Fisher:<\/strong> Unicly will have a true fair launch. 90% of UNIC\ntokens will only be minted via liquidity mining and 10% will progressively be\nallocated to the development team as they get minted over time. On day 1, I\nwill start with 1 token in order to vote in the first set of whitelisted pools\n(that will enable future liquidity mining). There will be no pressure from\npresale investors because they do not exist. \n<\/p>\n\n\n\n Each month, the mint rate\nof UNIC tokens will decrease by 5%, starting at a monthly mint amount of 50,000\nUNIC. Therefore, the supply will never reach 1M UNIC. Similar to Bitcoin, there\nis guaranteed scarcity with UNIC. Therefore, farming UNIC early is probably the\nbest way to participate.<\/p>\n\n\n\n As usual,\nfor the third part, Satoshi Club Team asked the chat 4 questions about the\ncrypto project. A link to a Quiz form was sent into the chat.<\/p>\n\n\n\n For more information and\nfuture AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n English\nTelegram group: https:\/\/t.me\/Satoshi_club\/<\/a> <\/p>\n\n\n\n Russian\nTelegram group: https:\/\/t.me\/satoshi_club_ru\/<\/a> <\/p>\n\n\n\n Spanish\nTelegram group: https:\/\/t.me\/satoshi_club_spanish\/<\/a> <\/p>\n\n\n\nPart 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
Part 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n