ChainBoost Review: Unique.vc
- Launched on ChainBoost in December 2021, Unique.vc connects founders with investors looking for opportunities in Web3
- Built on Solana, Unique.vc supports Ethereum and Polygon treasuries
- Unique.vc offers a full suite of services for founders, individual angel investors, collective investors, and fund managers
ChainBoost is excited to introduce a new series of articles reviewing launched projects and providing the community with up-to-date details on progress made since launching as a way of keeping participants in the loop.
The first featured project is Unique.vc, pioneers in building infrastructure for successful on-chain fundraising and investing. Unique.vc launched on ChainBoost in December of 2021 as UNQ Club and has since rebranded and established a revamped approach for better product-market fit. The $UNQ IDO had a massive turnout on ChainBoost — filling all available spots and raising a total of $150,000 for development.
Introducing Unique.vc
In the months following its IDO, UNQ Club launched its platform focused on providing decentralized governance for collective ownership of digital assets. As the platform grew, the team realized the potential to broaden its scope and customize the product to meet the needs of a wider audience. This led to a pivot in the utility of the platform and a rebranding effort.
The new focus for Unique.vc lies in bridging the gap between traditional investment structures and Web3 opportunities, revolutionizing investment and fundraising landscapes by enabling founders and investors to complete the processes involved in a transparent, secure, and accessible way with VC Funds and Syndicates.
While both VC Funds and Syndicates are focused on investment opportunities, there are some differences in the governance structures and voting criteria. In a VC Fund, investors pool their resources together and entrust the fund managers to make investment decisions on their behalf. The governance structure is typically hierarchical, with the fund managers making the final decisions. In a Syndicate, investors retain more control over the investment decisions, with each investor able to vote on potential investment opportunities in a typically more decentralized governance structure.
Further opportunities are available for those who wish to register as an Angel Investor, gaining access to exclusive deals offered by early-stage projects. Investment managers may also use the platform to open an on-chain syndicate, run an on-chain venture fund, or request a custom solution. Founders can create a fundraising round with just a few clicks and obtain legal and tax support to ensure compliance through Unique.vc partner integrations, communicate with investors, and manage cap tables all from a single platform.
At Unique.vc, investing and fundraising processes are carried out entirely on-chain. The project chose to operate on Solana due to its ability to support lightning-fast, cost-efficient transactions allowing more data to be stored and transferred than is possible on other networks. With state compression, a new way to store data that significantly lowers cost, Solana promises to provide even better functionality as Unique.vc develops.
Custom Solutions
Though VC Funds and Syndicates already offer a wide range of options, Unique.vc goes beyond these products in providing flexibility for users to customize the governance structures and voting criteria based on their specific needs and preferences. This allows for a wide range of use cases, with the team constantly working to improve and evolve the platform to meet the changing needs of users.
An example of this flexibility in action is the partnership Unique.vc has established with MonkeVentures, an investment arm of MonkeDAO that backs promising early-stage Web3 projects with the community-driven support of Solana Monkey Business NFT holders. Unique.vc has created a custom platform to help them run their investment syndicate on-chain more efficiently and transparently than otherwise possible.
Unique’s custom solution will enable the Monkes to:
- Create an on-chain syndicate and collectively invest in projects
- Assign different roles and voting power to members
- Vote on investment proposals
- Raise funds and obtain proportionate ownership rights
- Send funds directly to the project they want to invest in
- Trade deal shares at any moment, achieving instant liquidity of their investment
- Automatically withdraw funds and distribute project tokens based on ownership shares
These customized features will allow the Monkes to manage and monitor all their investment activities from a single platform with ease, flexibility, and security.
Unique Technologies
As part of developing the NFT-gated investment platform with MonkeDAO, Unique.vc created the Unique Delegation Manager (UDM), a means of granting dApp access to a delegate wallet that confirms the possessions of assets and authorizations safely held in a master wallet. This provides a secure means for users to connect to any platform requiring proof of NFT, proof of tokens, KYC, whitelist, or other authorization, granting peace of mind to users who might otherwise hesitate to connect due to exposing their assets to possible exploit.
An example of the expertise Unique.vc brings to blockchain, UDM is open-source under the AGPL-v3.0 license for the benefit of the Solana community. The UDM open-source toolset comes with a dApp, program, SDKs, front-end integration, and the CLI version for advanced users. Integration has been well-received by users and has helped Unique.vc to onboard larger projects and expand their reach to other blockchain networks due to the ability to seamlessly manage assets across different chains, resulting in a corresponding increase in AUM on the platform.
$UNQ — The Unique.vc Utility Token
Since IDO, the utility of $UNQ has evolved significantly, with the token unlocking a range of features and utilities specified in the Unique.vc platform.
One of the significant developments for the token has been the introduction of staking options for the $UNQ token and the platform’s NFT collection. Users can also use $UNQ to access a wide range of features on the platform, such as unlocking special perks and buying evolution points for the Universe NFT collection. Through using $UNQ tokens, users can reduce the costs of engagement and access premium features of the Unique.vc platform.
$UNQ continues to evolve, offering new use cases and features that add value to the Unique.vc platform. With its many utilities and benefits, $UNQ is set to become an essential asset.
Recent Developments and a Look Ahead
Unique.vc currently has 15 active syndicates and VC funds, along with five additional custom solutions that were developed based on the specific needs of fund managers. Currently, $2M+ in total value of assets is governed by Syndicates and VC funds on the Unique platform.
Recent developments for the Unique.vc platform include:
- Achievement of $2 000 000 in AUM
- Introduction of a tiered consensus system for asset transactions within a VC fund or syndicate, allowing a fund manager to define different consensus requirements based on transaction amount
- Development of the Discord Whitelist Bot to speed up onboarding investing communities to the Unique.vc platform
- Development of Unique Chain Traits, a simple open-source tool to manage NFT collections’ on-chain traits on Solana
- Complete revamping of the Unique.vc website with a new set of categories introduced to cater to individual angels, VC funds, and investment syndicates
- Establishment of Unique.vc Deal Flow, enabling users to subscribe to receive exclusive access to data and insights from other Unique.vc users for the purpose of informing investment decisions; subscriptions to the Deal Flow bot already include over 200 types of investors
- Integration of Solana FM as a default block explorer, allowing access to data and insights from the Solana solution Unique.vc deems most user-friendly
- Participation in multiple conferences and hackathons, including Belgrade Venture Forum, Solana Breakpoint, Solana Sandstorm Hackathon, and Grizzlython
- Development of a new UX / UI for the main app currently in testing with power users
Looking ahead, Unique.vc’s talented developers are putting the final touches on a suite of cutting-edge features for Web3 angel investors, VC and syndicate fund managers, and startup founders. Other Unique.vc teams have been equally busy forging exciting new partnerships. The entire team is excited to see a growing interest in the Unique.vc platform, with an increasing number of investors coming aboard daily.
Unique.vc’s platform provides a wide variety of services for investors who wish to access a steady deal flow, decentralize investment decisions, and/or pool assets, as well as offer founders and funds the opportunity to access these investors. Get started with Unique.vc now!
That concludes our very first ChainBoost Review! What do you think about Unique.vc’s innovations in the crypto investment landscape? Comments are welcome through the links provided below.
An interview with the Unique.vc team will be published in the coming weeks that reflects on their post-IDO developments and achievements. If you have any questions you would like answered by the Unique.vc team, fill out the form here.
Projects seeking incubation services or those ready for the advantages of launching on the ChainBoost BoostPad are encouraged to contact us for a consultation and evaluation.
About Unique.vc
Unique.vc empowers investors & founders with groundbreaking Web3 tools for secure, transparent, and accessible collective investing and fundraising.
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About ChainBoost
ChainBoost is a gamified launchpad and incubator protocol that provides exclusive early access opportunities for loyal supporters to participate in emerging crypto projects. Loyalty is determined by BoostScore, an innovative credit system that rewards desirable user behavior and engagement within the ChainGuardians ecosystem. Through high selection standards and implementation of the BoostScore system, ChainBoost connects proven early-project supporters with promising early projects.
