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Cryptocurrency News Articles
Binance to Delist Unifi Protocol DAO (UNFI) and Cease Trading on All Spot Trading Pairs on November 6th at 3:00 UTC
Oct 24, 2024 at 04:21 am
UNFI Info Unifi Protocol is designed to revolutionize blockchain economics by using a stablecoin as its gas token. This approach eliminates transaction volatility and inflation
Binance will delist Unifi Protocol DAO (UNFI) and cease trading on all spot trading pairs on November 6th at 3:00 UTC.
UNFI Info:
Unifi Protocol is a decentralized autonomous organization (DAO) that aims to revolutionize blockchain economics by introducing a unique approach to gas fees. The protocol utilizes a stablecoin as its gas token, eliminating transaction volatility and inflation. This innovative mechanism aims to build a sustainable blockchain model focused on economic predictability rather than creating another cryptocurrency.
Unifi Protocol operates across multiple blockchains and offers a suite of decentralized finance (DeFi) products, including a cross-chain bridge (uBridge), a multichain automated market maker (uTrade), and DeFi arbitrage strategies (DARBi). The protocol’s design aims to reduce reliance on inflationary gas tokens and provide more sustainable blockchain economics. The network uses a proof-of-stake (PoS) consensus mechanism for security, which allows for scalability and energy efficiency compared to proof-of-work (PoW).
UNFI is the governance token for the Unifi Protocol DAO, enabling holders to propose and vote on protocol changes. The token plays a critical role in decentralization and governance across multiple blockchains. The total supply of UNFI is 10 million tokens, with around 7.2 million currently in circulation. UNFI is distributed through Binance Launchpool and staking initiatives, with liquidity supported across various chains.
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