Union Finance: Abbreviated Introduction
Decentralized finance (DeFi) is one of the main cornerstones of the cryptocurrency ecosystem. While DeFi has witnessed a massive influx of capital and rising demand, it also has seen problems like high gas fees and smart contract exploits.
Union Finance is venturing to address these issues and bridge the gap between CeFi and DeFi.
The project offers a decentralized protection platform with no KYC requirements. The project also features:
- The UNN token.
- uUNN, the protection policy token.
- pUNN, the protection pool token.
- rUNN,the rewards token.
- hUNNy Badger NFTs.
- C-OP – Collateral Optimization and Volatility Protection.
- U-CDS – UNION Crypto Default Swaps.
The native token, UNN, provides several utilities to the holders. The token supply is finite and is subject to deflationary pressure.
The project launched the UNN tokens via an entity incorporated in the Cayman Islands. The project’s website and other functionalities are administered via an entity- established in Panama.
The project is currently stagnating, and its product has not seen traction. Well-known data providers do not track product-related metrics. The project token UNN has seen minuscule activity on exchanges driving negative sentiment in the community.
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