The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is TOKENUNION
Here is an Overview of the project
TokenUnion is a decentralized app that automatically rewards you for holding EE or ERC20 tokens.
A better way to store crypto.
The distribution of rewards is entirely autonomous.
After storing tokens in their Holding Contract, users agree to pay UNI static fees, our original tokens, when they want to withdraw. When a user pays a fee, smart contracts programmatically distribute costs among all network participants as a reward, proportional to the percentage of Total Network Value (TNV) they represent.
Fully decentralized and fair.
TokenUnion Network does not rely on central authority to function. It operates completely on its own, based on conditionals that have been specified written into the code. This will work as intended during the existing Ethereum blockchain.
Get a gift.
Users send tokens into their Holding Contract and earn rewards in the same token denominations they hold. Set it and forget it.
Get prizes in the same token that you own
User-received prizes are converted to the same token they hold in Contract Holding via Bancor. For example, if you receive 1,000 UNI as a gift and hold 60% BAT and 40% OMG, UNI’s 600 UNI and 400 UNIs worth of OMG will be saved back into your Holding Contract, increasing the size of the underlying position.
How it works.
See how TokenUnion works under the hood.
Join the Network
Users deploy their Holding Contracts to the Ethereum blockchain via the TokenUnion web interface and submit an Ethernet or ERC20 token into it.
To withdraw, users submit a UNI token to their Holding Contract. Once sent, the user receives the saved tokens back into their wallet, and the charges are sent to DAO Rewards for distribution.
UNI tokens issued in withdrawal fees are distributed proportionally among all TokenUnion network participants through DAO Rewards.
The UNI Token can instantly be converted to all tokens that TokenUnion is supported via Bancor.
monitor your ownership like never before.
View your Holding Contracts in real time through the TokenUnion web app and the mobile app
A look into how TokenUnion works
under the hood.
All the important information can be found here:
AUTHOR OF THE ARTICLE: VITALION
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