Introducing UNQ Unique Network’s utility and governance token

Token Utility

UNQ will be responsible for managing and governing the ecosystem and establishing a conduit for value exchange between users, the treasury, and the Unique Protocol.

Transaction fees

All network fees will be paid in UNQ. This includes the cost of micro-gas fees used for NFT and smart contract transactions.

Staking

UNQ holders participating in on-chain staking mechanisms such as App Promotion Staking, Reputation Staking, and Vote Staking (Governance) are eligible for rewards.

Governance

Voters can fund upgrades or feature requests, deploy technical assets for the Unique Network, and supervise treasury money using UNQ.

Tokenomics

Ticker

UNQ

Relay Chain:

Polkadot

Max supply:

1,000,000,000

Supply at Genesis:

67,770,563

Supply profile:

Deflationary

Inflation

10% in the first year, then gradually decrease until it reaches 4% in the 10th year.

UNQ

Token circulating supply

Treasury
Private Sale
Team & Advisors
Angel
Polkadot Crowdloan
Public Sale

Treasury: 24%
Private Sale: 20%
Team & Advisors: 18%
Angel: 15%
Polkadot Crowdloan: 15%
Public Sale: 8%

Token Distribution TGE

Unique Network

Quartz

Opal