Get a reward for storing cryptocurrency in the system TokenUnion.
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The digital currencies gradually cover an increasing volume of the global economy. More and more tokens appear every day. And this process is no longer stopped. In the future, operations with cryptocurrencies, the calculation of them for goods and services will become a common practice. As is well-known, long-term storage of fiat currencies without interest is considered reckless. The same should be the case with cryptocurrencies. Token holders should be rewarded for keeping their tokens for a long time. In this regard, users need a system that allows secure store of tokens and receive income in the form of interest similar to a traditional savings account. The mechanism of the remuneration of digital currency holders is developed by the TokenUnion project team http://tokenunion.io/. What are TokenUnion developers offering? Each holder of the markers concludes a decentralized Holding Contract, adding its assets to the TokenUnion network and getting the right to remuneration. The principle of operation of the network is based on the fact that when withdrawing its tokens the user pays a certain commission, which in turn is distributed among other participants as a reward in proportion to the value of their Holding contracts. Such a scheme of work stimulates users to keep their funds long on account and hold them back from early withdrawal.
Already, many people who have tokens believe that in the future these funds will have much higher value. Users buy tokens and store them with confidence that the potential of the tokens will be realized. To date, digital funds are mostly found in wallet exchanges. The availability of tokens and the ability to quickly conduct a deal pushes holders to spontaneous or panic operations. TokenUnion's storage system will prevent such transactions. Users will not have to regret for rash operations. TokenUnion system stimulates competent and correct behavior in the market of cryptocurrencies. It allows you to move away from rumors, not to pay attention to the tendency of price volatility, to stop the desire for early sales, caused by fear. And it will be unprofitable for users to do such operations. Conversely, long-term storage of digital assets will generate income in the form of rewards.
TokenUnion is a mechanism for obtaining time price of the tokens (TVT). When entering into a Holding Contract and adding funds to network assets, holders receive a key to access their tokens. At the moment of confirmation of the Contract, the statistical price, which will have to be paid upon withdrawal of its funds, is formed. From this point on, users will earn each time another participant removes his Tokens in the TokenUnion network. Holders will receive rewards in those tokens that they hold.
As already mentioned, the fee for the deduction of markers is a constant amount calculated when sending funds to the Holding Contract. This collection is paid in TokenUnion's own token — UNI. It is 5% of the price of the tokens in terms of ETH. A 5% commission will also be applied to funds received in the form of remuneration, which will be added to the initial amount of the fee. At this stage, partial withdrawal of funds is not possible in the system. This task is set to be solved in the future.
UNI token can only be used to pay withdrawal fee. The commission is fully distributed among token holders who deposited their funds in the TokenUnion network. The allocation is proportional to the value of the assets of the particular participant in relation to the total value of all contracts in the network (TNV). TNV indicator will be constantly updated, recalculated in ETH, and varied according to the total number of deposited tokens.
TokenUnion team is working on the ability to instantly convert UNI to any token. Work with the Bancor network is underway, but developers allow integration with other networks that are suitable for TokenUnion. For the convenience of users, a mobile and stationary application is being developed.
Join the TokenUnion Network. Get a reward for storing your tokens! Details of PreSale can be found by sending an email to presale@tokenunion.io
http://tokenunion.io/
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