What Is Unifi Protocol DAO?

About Unifi Protocol DAO (UNFI)

Unifi Protocol appears as a multi-chain smart-contract built DeFi solution. Unifi is community driven. The main idea of it is to establish a blockchain with no need to create a native currency. 

UNFI is a token used for governance. It’s available for staking or providing as liquidity in order to collect rewards of a bonus share. Those users who hold UNFI have a chance to get special access to Proposals and Referendums to bring their thoughts, ideas to the public and join the voting.

Where did Unifi Protocol DAO (UNFI) come from?

Unifi Protocol DAO was launched in 2018, and the team behind it has a great experience of developing viable blockchain solutions. The co-founder of Unifi Protocol is Juliun Brabon. The core goal of the project is to create a blockchain solution that will help the contemporary finance sphere to live and move on. Therefore, Unifi is considered to have a sustainable economy that is quite foreseeable to complete this task. 

Unifi Protocol DAO includes the following products: UTrade, a token exchanger, UBridge, a cross-chain bridge and $UP, a fresh version of sustainable token supported by native tokens. 

What are the advantages of Unifi Protocol DAO (UNFI)?

1.  Fresh approach to blockchain economics. The idea is very uncomplicated. The network utilizes a stablecoin as a gas to get rid of the transaction volatility. The project is planning to make a brand new type of blockchain built on financial viability.
2. High security level. It is provided by a PoS consensus mechanism. Proof-of-Stake relies on the fact that tokens are available for staking to make sure the nodes are valid and mining is completely secured.   

What are the disadvantages of Unifi Protocol DAO (UNFI)?

1. Young concept. The UNFI token and the ecosystem still need to be researched and developed. The team could pay more attention to marketing and create a strong loyal community that could lead Unifi to success. 
2. Issues with Unifi’s synchronization between ledgers. We have found a few reviews where users share their problems with synchronization. However, this does not seem like an often issue, and the team of the project can fix it. 

How to buy Unifi Protocol DAO (UNFI)?

Interested to buy UNFI tokens? Visit the SimpleSwap homepage. Follow our instructions to purchase UNFI:

1. Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
2. Select UNFI in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
3. Click the Exchange button.
4. Enter the Recipient's Address. UNFI will be sent to this address. Be careful and make sure you use the correct address.
5. Create the exchange.
6. You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.

Want to see the UNFI price prediction? We have one! Make sure to visit this page to learn more about the token. 

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.