UNIPOWER

CryptoEngineer Q8

4 min readJun 5, 2020

1- WHAT IS UNIPOWER

2- DEFINING LIQUIDITY

3- UNISWAP & LIQUIDITY POOLS

4- PROOF OF LIQUIDITY

5- TOKENOMIC STRUCTURE

6- ROADMAP

7- THE DEVELOPER

8- LINKS & SOCIAL MEDIA

WHAT IS UNIPOWER

UniPower (POWER) is a Proof of Liquidity (PoL) cryptocurrency token, the first erc20 token of it’s kind. Its fundamental philosophy is one of an experimental nature. UniPower was born from observing the most recent market trend which has taken altcoin traders by storm. New altcoins with low marketcaps have been springing up like wildflowers and they have been providing very lucrative opportunities for those lucky enough to spot them. This new wave prompted an analysis of what the driving force behind these moves was. The result of this market analysis and the game theory speculation that came alongside it, is UniPower.

UniPower Verified Smart Contract:

https://etherscan.io/address/0xf2f9a7e93f845b3ce154efbeb64fb9346fcce509#code

DEFINING LIQUIDITY

Liquidity is a purely financial term. It sounds like jargon for anyone who is not familiar with investing and other financial instruments. A quick look on Investopedia tells us that “Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price.”

What this means is that liquidity is literally the description for how quickly you can buy or sell an asset in a market, in a manner that reflects its true intrinsic value.

UNISWAP & LIQUIDITY POOLS

Uniswap is an erc20 DEX (Decentralized Exchange) where any user (or any project) can start a liquidity pool for trading tokens, on the Ethereum blockchain. A liquidity pool is simply a contract that handles a token in regard to another token. Uniswap liquidity pools are usually balanced with ETH as well as whatever erc20 token is being traded on them. Since the tokens being traded on Uniswap are of the erc20 standard, then their liquidity counterpart is ETH. That simply means their cash value will always be tied to ETH.

The ETH in the contract is what gives the token its value, and these two factors will always be related in a symbiotic manner. For example, more tokens in the contract in comparison to the ETH in the contract means the token is inflating, and hence it’s price will decrease (and vice versa, less tokens in the contract in comparison to ETH means the price per token will increase). This sounds like a simple formula of supply vs. demand but it is actually much more complex than that. The Uniswap platform is very advanced in the way it calculates the constant flux of transactions, and it updates values according to the market demand very accurately. You can see this by comparing the Uniswap price of any recognized erc20 token and its subsequent price on a CEX (Centralized Exchange).

PROOF OF LIQUIDITY

The meaning behind this term is that the entire token supply of POWER was supplied to Uniswap as soon as it was minted. That means that all 1,000,000 POWER tokens that will ever be in existence were immediately supplied as liquidity on one single DEX. This does not usually happen with typical cryptocurrency projects and is an extremely rare scenario. Most cryptocurrencies have a token distribution and specific percentage shares, each with its own purpose (Team Funds, Airdrop Funds, Marketing Funds, Development Funds, Exchange Funds, etc.).

This is not the case with UniPower. The entire supply was made immediately available for trading, in one single pool. And to top it all off, the developer provided 50 ETH worth of liquidity to the Uniswap UniPower trading pool from the very start.

The liquidity added by the developer upon creating the Uniswap liquidity pool

You can see the transaction that created the UniPower contract here, and you can see the transaction that provided the liquidity to Uniswap here.

TOKENOMIC STRUCTURE

Ticker: POWER

Token Standard: ERC20

Total Supply: 1,000,000 POWER

Circulating Supply: 1,000,000 POWER

Distribution: 100% of token supply was added to the UniSwap Exchange

Developer Owned Tokens: 0 POWER

The UniPower official website also hints at what new tokenomic features can be expected from the ongoing development of this project:

The future for the liquidity will be managed by a decentralized smart contract or DAO where the trading fees generated can be distributed or for token buybacks.

ROADMAP

June 2020 — Creation of UniPower
June 2020 — Begin trading on Uniswap
June 2020 — Launch official website
Mid June 2020 — CoinMarketCap & CoinGecko listings
End of June 2020 — Decentralized liquidity DAO smart contract integration
July 2020 — Begin releasing Dapp ecosystem

THE DEVELOPER

UniPower was developed and released by the talented Dapp developer Mr Blobby (Hank). This extremely experienced person has successfully launched a series of Dapps that have generated millions of dollars worth of volume on both the Ethereum and Tron blockchains. His reputation in the cryptocurrency and Dapp communities is stellar, and he has a fantastic track record. Some of his previous projects include the highly popular EtherGoo and TronGOO games.

Mr Blobby (Hank) is extremely active and engages with his communities daily on discord and telegram.