UNIFI Token Release Process
How to Earn UNIFI from Unifi Protocol
Unifi Protocol has released a basic overview of the Global Governance Model (GGM). As described in that overview, UP and UNIFI token holders will be incentivized to provide needed services to Unifi through the GGM. These incentives will be provided in UNIFI tokens and they fall into one of a few basic categories.
UP and UNIFI token holders can earn UNIFI by performing services for the Unifi DAO
Over half of the UNIFI token supply is dedicated to rewards for Unifi’s Liquidity Providers and Ecosystem Development. The UNIFI rewarded for all categories listed in this article will come from this pool. All rewards described will not exceed the combined maximum release rate of 100,000 UNIFI per month.
Participating in the GGM
To encourage participation in the GGM, UNIFI holders are incentivized to perform the service of voting activities. Incentives for these activities will be distributed after the voting process has closed.
UP Tokens Can Migrate to UNIFI
Liquidity miners earn UP for providing needed liquidity to the Unifi Protocol. Periodically there will be opportunities for UP token holders to migrate UP tokens into UNIFI.
UP token holders from all eligible blockchains can choose to participate in the migration process. The total available amount of UNIFI for the period will be split among participating UP holders on all blockchains. During each migration period, the ratio of UNIFI returned per UP contributed to the migration process is governed by market forces. UP migration will contribute to the sustainability and balance of the overall Unifi ecosystem, and ensure liquidity miners have a significant voice in the GGM.
Governance of the UP Price Discovery Model
The UP token migration process will require management by the GGM. In order to ensure this critical governance function is accomplished, UNIFI token holders will be incentivized to participate in this management process.
The First of Many
This is the first in a series of articles about the uses and rewards of earning or holding UNIFI, as well as the benefits of participating in the Unifi Protocol. Watch for additional detailed information to be released over the coming days. This series will lead up to the launch and public sale of the UNIFI token.
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
