UNIFI Proof Of Stake

Staking Rewards and the Unifi Council of Representatives

The UNIFI Proof of Stake and the Global Governance System are explained in detail in the attached document. The document can be viewed by clicking this link for a Google Document with a hot link enabled table of contents, or this link to view it as a .PDF. The information below is an abbreviated overview of the complete article.

UNIFI will be the first sustainable DeFi token to incorporate Proof of Stake elements into its powerful DAO representative governance model. Under the UNIFI PoS ecosystem, candidates for the Unifi Council of Representatives will campaign for election as a Community Council Representative (CR). CRs will serve on the Unifi Council of Representatives and have the ability to propose or vote on changes to the Unifi DAO. Consensus will be achieved by majority approval from the CRs.

Continuing with the innovation already shown by Unifi, the UNIFI token incorporates the development team’s tokenomics and blockchain governance expertise. All combined, the team has years of expertise gained from partnerships with multiple top 100 blockchains, multiple blockchain node operations, consulting on dozens of blockchain projects, as well as years of community building and incentivizing participation in representative governance.

• UNIFI will be the first sustainable DeFi token to incorporate Proof of Stake elements into its powerful DAO representative governance model.
• Under the UNIFI PoS ecosystem, candidates for the Unifi Council of Representatives will campaign for election as a Community Council Representative (CR). CRs will serve on the Unifi Council of Representatives and have the ability to propose or vote on changes to the Unifi DAO.
• CRs will earn rewards by receiving delegation from UNIFI tokens. Community CRs with enough UNIFI delegation are eligible to participate in governance activities.
• UNIFI tokens are held in one of 4 possible classes. Class 4 tokens are the lowest and default status, moving all the way up to Elite Class 1 tokens which possess the highest amount of GGM privileges.

• UNIFI token holders can upgrade their tokens to earn Staking Rewards, and may earn even more rewards from their chosen CR after delegating their staked UNIFI.
• A maximum of 100,000 UNIFI tokens per month will be distributed for UNIFI rewards.

Introducing the Unifi Council of Representatives

• There are two types of Council Representatives that comprise the Unifi Council of Representatives.

1. Designated Council Representatives (DCR) are positions filled by the Unifi Team or Unifi Strategic Partners.
2. Community CRs represent the voice of the overall community of UNIFI holders. Community CR positions will be determined by receiving the most delegation from Elite Class 1 UNIFI tokens and by the available number of CCR seats.

• Council Representative seats will be added over time. The Community Council Representatives will become the majority vote.
• Community Referendums may be proposed by any Elite Class 1 UNIFI token holder. Community referendums provide a community voice to all UNIFI holders that can be used on any topic.

Unifi Protocol’s website can be found at https://www.unifiprotocol.com/. You can also connect to the Unifi community on Telegram, Twitter, or Medium. Developers — check out our bounty list to develop on the Unifi Protocol at https://gitcoin.co/issue/sesame-seed/Quest/1/100023698