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Unicrypt grows in popularity as it gets ready to turn public
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Unicrypt, the decentralized services provider that offers multiple ways for decentralized finance (DeFi) projects to build community trust, has seen staggering adoption since its launch.
The project, which has created the first-ever liquidity locking smart contracts for Uniswap formerly known as Proof-of-Liquidity (POL), recently crossed the $500 million total value locked with their services. New liquidity locks across all AMMs have also soared to $572.9M during press time.
In recent months, Unicrypt has continued developing new features, combining its liquidity locking functionality with a fully decentralized presale platform connected to the liquidity lockers.
The reactivity to the market has so far been huge, with UNCX holders currently standing at 2,322. The native token has a circulating supply of 36,163 and a market cap of $27,274,623 at press time. The total number of pooled ETH stands at 450.2, while pooled UNCX has risen to 2,169.91.
Here, we look at some of the new developments on Unicrypt as the project prepares to turn public in the next six weeks.
Token Vesting Options and Token Minter
Token vesting has been strongly requested by members of the Unicrypt community, which is why the project development team prioritized it. The new vesting options, which are completely unique on the market and deliver a best-in-class service that is fully decentralized, fit very well along with the project’s ILO platform and liquidity lockers.
The new features will be made available on the four chains where Unicrypt is currently deployed. The services are in line with the green unicorn vision of delivering SDDT! (Scalable Disruptive Decentralized Tech). Unicrypt is also introducing a new token minter service for its users.
UniCrypt Lockers Are Operational on PancakeSwap V2
BSC-based DEX PancakeSwap recently announced that they would deactivate their V1 and activate their V2 liquidity pools.
Unicrypt was deployed less than 24 hours later and announced they would support the relocation to PancakeSwap V2 pools via their migration function offered on the user interface. The move means that any project willing to lock their V2 PancakeSwap LP tokens can now do it.
The Unicrypt team deployed an update on April 25, facilitating token developers launching on the platform to migrate from V1 to V2 while ensuring the LP remains locked. The developers can utilize the lockers on PancakeSwap V2 pairs via this direct link.
Please note that once an existing pool is migrated on V2, all newly minted LP tokens will remain locked under the same parameters that applied before the relocation. This security feature ensures that locked tokens cannot be withdrawn manually from the locking contracts before the end-date. The complete migration process from V1 to V2 will be documented to ensure transparency.
Unleashing a Brand New Website
Unicrypt is about to enter a new phase, and its team is now rapidly expanding the network’s model that has proven sustainable since its launch.
From the very beginning, Unicrypt focused exclusively on the app interface that offered users a friendly UI to interact with and native mobile compatibility. However, the strategy meant that users often lacked access to explanatory content related to the project’s services, leading to misunderstandings or unanswered questions.
To solve this issue, the Unicrypt team has opted to launch a brand new website made with love (and tech) that will be live very soon. Stay tuned on the project’s socials, including Twitter and Telegram, for info on the website launch and much more.
The team also recently introduced their new bot to help users keep track of all liquidity locks on the Ethereum chain. Follow @Unicrypt_eth_locks (on Telegram) for real-time Unicrypt new locks! The channel can also be found here.
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