At Unybit, we have decided to start this journey by enabling the community to engage from the beginning with innovative ideas. To achieve this, we have created an initial utility token that empowers users, giving them the opportunity to propose and vote on new ways to integrate blockchain technology into daily life. This token not only encourages active participation but also ensures that the platform’s development is driven by collective contributions, reflecting the true spirit of collaboration that defines Unybit.

This initial token allows the community to officially propose innovative ideas for integrating blockchain into people’s daily lives. Additionally, token holders will have the ability to vote on whether these proposals should be implemented without affecting the project’s central governance structure.

Information on Unybit’s Initial Utility Token

Unybit Token has been temporarily created on the Binance Smart Chain (BSC) network, which serves as the starting point for our scalability efforts. It’s important to note that the future of the token depends on the decisions made collectively by the community, rather than the centralized efforts of the project team. Therefore, scalability is mentioned as a general expectation for growth, as the community will determine whether and how to scale.

It’s crucial to clarify that this token is not tied to any financial appreciation based on the efforts of the platform or its developers. Its design and use are strictly focused on functionality within the ecosystem. Rather than offering financial returns, the token is solely used to facilitate participation in processes such as proposal submission and community voting. The fact that innovative proposals are submitted and executed by the community, not directly by the platform team, serves as evidence that the token’s value relies on collective community efforts, not on developer activity.

Token Name: Unybit
Contract: 0x16947615fe937b740b6c8a003835c2ab0b94aee5
Contract Status: Not renounced
Max Supply: 100,000,000,000 Unybits
Reserved: 15,000,000,000
Buy Tax: 10%
Sales Tax: 10%
Liquidity: 5% Automatically
Distribution: 5% – For DEV team maintenance and ecosystem improvements.
Developer Wallet: 0xBC405B0920AcECB1D2a5071Cd0cAF4cCbEee116B

We plan to burn between 10% and 15% of the total supply to achieve greater precision in vote counting, once we reach 1 million holders. This will be decided through community voting.

For more information about our utility token, we recommend visiting our FAQs.

Token Transition to Unybit Coin

This token is a temporary solution while we work on developing our own Unybit blockchain. Once our blockchain is fully operational, we will make an official announcement to notify the community. At that point, the following process will take place:

  1. Snapshot of Balances: A snapshot of all token holders’ balances will be taken at a specific moment, ensuring that current token balances are recorded and locked.
  2. Freeze of Operations: After the snapshot, all operations involving the temporary token will be frozen, meaning the token will no longer be available for transactions or voting within the platform.
  3. Transition to Unybit Coin: Following the snapshot, existing token holders will be assigned an equivalent amount of Unybit Coin on our new blockchain. This ensures a smooth and fair transition, maintaining the integrity of token balances during the migration.

Unybit’s transition plan ensures that all community members are part of the growth as we move from the initial token stage to the launch of our dedicated blockchain.