Angel/Seed Round - $0.0125
Private Round - $0.0225
Cardstarter - $0.0280
Team tokens will be completely locked for 18 months (with no Liquid Vesting or early selling) - then after 18 months, Team tokens will unlock at a rate of 5% per month.
This will be done using traditional vesting, not Unvest Liquid Vesting. Liquid Vesting is most suitable for early investor tokens, not team tokens.
Yes, early investors are subject to a 9-12 month lockup depending on their round.
This means the total circulating supply at launch will be fewer than 25 million tokens.
Early investors will be able to use Liquid Vesting to sell their allocations early, but they won’t be able to dump on the main market pairs for UNV. Liquid Vesting tokens are a separate token with a separate ERC-20 address.
The closest competitor we’ve found targets projects at the pre IDO stage with an NFT focused offering, for a limited time window before TGE.
We target a trading window from TGE all the way through the vesting period, up to 4 years, or longer, generating ecosystem revenue the entire time.
We have 2 core products that address this:
- Liquid Vesting LVTs: A liquid, ERC-20 based offering, where allocations are easily divisible and composable, trivial to make interoperable with other protocols/contracts
- Vesting NFTs: An NFT based offering that supports transferable block-by-block vesting
UNV token will be listed on both Ethereum and BSC.
We will be deploying our contracts (that other teams will use for distribution) on both Ethereum and BSC initially. We will also deploy these contracts on EVM compatible chains and L2s like Cardano, Polkadot, Kusama, Polygon (Matic), Solana and others.
While the max supply is 1 billion, and there are good reasons for this, it’s important to remember that the circulating supply will never hit 1 billion tokens, due to locks, re-locks, reserves and burns.
For the first 3 months following launch, the supply will sit at under 29 million tokens.
Putting that aside, we like the model of a deflationary, large supply. We believe that retail responds best to tokens priced sub $100. With our chosen supply, we can grow the market cap of UNV without making the price of an individual token too high to scare off a portion of the retail market.
Additionally, we have noticed that in a bull market environment, the norm is to assess market cap by circulating supply, not max/total supply.
In the long term, it's all about retail. Keep in mind that some people don't even know you can buy a fraction of a coin. That’s why people buy XRP instead of BTC. Market cap math is not widely understood.
We’ve seen this with the wave of dog coins and meme coins that launched in mid 2021. Now, a 1 billion token supply is considered small compared to the mutli-trillion supply caps we are seeing regularly.
Partners pay for their allocations, and partnership/advisory/ecosystem tokens are subject to a 6 month cliff & then a years-long vesting schedule. This prevents a sudden supply increase and dump.
There may be buybacks and auctions denominated in UNV tokens. All UNV token proceeds may either be burned or re-locked for extended periods (4+ years).
When projects use Unvest‘s products to distribute tokens, every time a project’s early investors sell during vesting, trading fees are paid to the protocol.
Collected fees are available to anyone that stakes UNV tokens in a given project-specific reward pool.
If needed, Unvest could farm our UNV reserves and earn tokens (other project tokens, not UNV), generating operating revenue without needing to sell any UNV. However, we have raised enough funds to continue operations long term without needing to generate additional revenue. We will likely leave the protocol rewards to be farmed by the community for some time. This will encourage market participants to buy and hold UNV.
Project teams may also elect to buy UNV and stake UNV tokens in order to farm back their own project tokens from investors that sell early.