The Most Trusted Locks In The Industry.

UNCX Network is the industry standard for liquidity lockers, token vesting and presale launchpads. With us, investors and project creators enjoy peace of mind from knowing that they’re operating on an established platform.

UNCX = Trust. Here’s an overview why:

➡️ We Are The Biggest Lockers on ETH.

UNCX was created with a single goal — help investors reduce the risk in their investments by providing clear transparency in informatics, stats, and our code. We are the most audited liquidity locker on the market with years of vulnerability free operation. At market peak, we were securing over 1bil usd of liquidity in our smart contracts.

➡️ Not A Single Vulnerability.

Safety is our #1 priority. This ethos seems to have been lost in the industry over time due to competitors’ lock contracts not working as expected, abandonment from their protocols, hacks, or worse; funds stolen due to premeditated backdoors into their contracts.

➡️ We’re Innovative.

Our products and tech are superior because we conceptualize and build them ourselves. We don’t pick quick solutions, everything is built with decades of use in mind. Linear unlock schedules, rebasing support, built-in migration, and custom unlock conditions for token vesting are all items you’ve seen first on UNCX.

➡️ Significant Partnerships.

We have memberships with reputable companies and partnerships with industry leaders such as Hacken, Dextools, Bogged Finance, and Coinstats. We have a solid reputation amongst our peers for doing things ethically and effectively.

➡️ Security Flags.

All project team members are encouraged to undergo a KYC and auditing process and results are displayed publicly. We clearly indicate important security flags and tokenomics details ro help protect investors. Some notable auditor partnerships include SolidProof.io, Chainsulting, Hacken, Cyberscope, Coinsult, ShellBoxes, QuillAudits, CTD Sec, Solidity Finance, and RD Auditors and our KYC partners are Solidproof and Cyberscope.

➡️ Years of Experience.

From launching massive projects such as Vemp, Cult, Revolt, & BabyDoge to securing liquidity for the likes of Blank, Floki & SafeMoon — We leverage years of experience building cutting edge products in the DeFi space and we’ve gathered a strong community and a robust network of partners.

UNCX Network is a project run by devs that are ethical, professional, and who care. We’re the most trusted large liquidity locking service provider and our tech is renowned. When locking, launching, or investing, remember:

UNCX = Trust.

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Liquidity Locking Explained.

How do you maximize the attractiveness of your project and ensure investor trust? Liquidity locking plays a huge component here and is one of the most distinguishable signallers of project trustworthiness. Every project, especially presales, should be locking some of their liquidity.

What is Liquidity Locking?

Liquidity locking involves storing liquidity provider (LP) tokens in smart contracts for a pre-determined amount of time (locking/unlocking date). These smart contracts are called liquidity lockers. When developers add tokens to liquidity pools, they receive LP tokens representing the liquidity provided in the form of new tokens. Developers can at any time use the LP tokens to withdraw liquidity.

Liquidity lockers allow developers to preemptively lock away a set % of liquidity upon token launch for a specific period of time of their choosing. This prevents instant rugging upon launch (prevents them from being able to withdraw all project liquidity and disappear with it). It’s an approach that ensures developers don’t have control of users’ funds.

The point is simple — When an investor sees that a majority of the project’s liquidity is locked (whether presale stage or afterwards), they feel safer purchasing the token. This also encourages investors to purchase larger shares of the projects’ tokens.

Can I Create My Own Locks?

Some developers may lock tokens in their own self-created time-lock smart contracts. However, creating your own personal liquidity locker contract is not widely accepted because these cannot be trusted. If you are the owner of the locker holding your project’s token, you can easily manipulate the contract and withdraw the funds. Therefore, it’s much more credible to involve 3rd party platforms like the most trusted lockers in the industry; UNCX’s.

The whole idea of liquidity locking was conceptualized by UniCrypt and actualized in June 2020. More on why our locking tech is the industry standard and known as the most trustworthy here (insert prev medium article link).

UNCX Locker Features:

Lock Splitting: Split your lock and create multiple sub-locks — For example, 100% of liquidity can be locked however if say 10% needs to be withdrawn at any given date, the lock can be split into two, where 90% remains locked owing to the lock-splitting support.

Relock Feature: Relock your tokens. It is not needed to perform a withdrawal to relock your LP tokens for a longer time. You can act upon the lock directly from the user interface. Very convenient for developers and token investors.

Incremental Locks: Our lockers allow developers who have already locked their tokens to add more tokens in the same lock. If, for instance, developers locked 80% but feel like they should increase that amount to 100%, the developers are at liberty to do so at their own convenience.

Transfer of Ownership: This feature is very important. It allows a lock owner (the wallet where the LP tokens are locked from) to change the lock ownership in order to give it to another wallet. Some use cases : company wallet migrations (e.g. mutisig wallets), outsourced development teams…

Vesting Solutions: When a developer locks portions of his total token supply to release them gradually over a period of time, the process is referred to as token vesting, and the time span in which the release takes place is known as the vesting period. Developers may use vesting services in multiple scenarios : Vesting early investors (companies or retail), airdropping users over time, reinforcing trust and credibility by locking their token reserves. On top of that, vesting contracts are fully decentralized and leveraging smart contract only… which means the vesting parameters are immutable.

How To Lock Liquidity on UNCX Network

First, navigate to UniCrypt’s main page and choose the AMM; in this case, we chose UniSwap V2. Afterward, select the lock liquidity section > click connect wallet then > new lock.

Step 1: Enter Your Pair Address

Before adding the pair address, you must ensure the DEX pair is ready. Moreover, you must ensure that the LP tokens are in the wallet connected to the decentralized app. The token contract address is then pasted in the “Pair name or address…” field. At this point, you can find the token pair on the app.

Step 2: Configure the Liquidity Lock

Secondly, you need to consider setting the parameters of the liquidity lock while adhering to UniCrypt’s guidelines. Here are the steps to configure the liquidity lock;

• Please select the number of tokens, keeping in mind that you cannot withdraw them once you lock them.
• Set the unlock date. Remember, liquidity locks are time lock smart contracts storing LP tokens. As such, you must set a fixed duration in which you are planning to withdraw the tokens. Using UniCrypt, you need to set the withdrawal date.

Since locking liquidity is about a guarantee and about perception, when thinking of how long and how much % to lock — be logical as to what you believe will foster investor confidence. Locking 80% for 1 year is a good start, but lock a combination that makes sense for the dev team and project roadmap.

• Lock ownership unique tokens. In this section, the token developer is allowed to lock tokens and declare a different owner. For instance, a developer locks LP tokens and says that once unlocked, a particular address holder will withdraw.
• Get a 10% discount on fees. If a developer is locking liquidity with a referrer’s address, they can receive a discount. However, the token locker must have 3UNCX tokens. The fee on regular locks is calculated as a Flat fee (ETH,xDai, BNB) + 1% of LP tokens Locked.

Step 3: Confirm Your Lock

Confirm the set up by clicking Approve and Lock.

Withdrawing LP Tokens

After the lapse of the lock duration, you will now need to unlock and withdraw your tokens. You will choose the AMM where you locked the liquidity. Click lock liquidity > connect wallet > Edit/withdraw.

A new page opens with a field where you will fill in the token pair address. That opens a page where you can view the locked LP tokens. At this point, you can choose to withdraw or relock.

Final Word

There’s no denying that we’re currently in a bear market and we’ve been pondering on how to help shorten this cycle. We could say that if DeFi networks as a whole were to earn back general investor trust after the several breaches and scandals we have seen this year, jointly employing liquidity locking mechanisms would be an excellent place to start.

As the most established liquidity lockers in the industry with a solid presence in the space, we are going to be encouraging projects of all sizes and calibers to lock some of their liquidity. This is to set an example for the industry, and to help signal to cold investors that investing in crypto tokens can still be done with some peace of mind.

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Transition of Utilities and Discontinuation of $UNCL

Dear UNCX Network community, As always, we hope this article finds you well! Today, we’re announcing a significant shift in our ecosystem. Effective immediately, we are discontinuing our secondary token, $UNCL, and integrating its functions into our primary utility token, $UNCX.

Why are we discontinuing $UNCL?

When we launched $UNCL, the focus was account management and launchpad-related utilities. While 2021 saw promising engagement and utility, 2022 and 2023 marked a decline in $UNCL adoption. As a result, we suspended $UNCL rewards and have now chosen to discontinue it permanently.

ℹ️ For instance, it was possible to participate in the platform activities with a certain holding requirement, and later on by burning some tokens in order to participate).

ℹ️ We also took the direction of an inflationary token, rewarded to $UNCX stakers for more than a year at a pre-determined and controlled rate.

ℹ️ No capital raise was organized, and there were no external investors on $UNCL — the token was fully airdropped to $UNCX holders. Transition to $UNCX

All functionalities and utilities of $UNCL, including existing services and upcoming features in our soon-to-be-released V7 of the ILO platform, will transition to $UNCX. Notably, tokens used for farm boosting will no longer be burnt but will serve other incentives. More details will be shared on the matter.

Next Steps for Token Holders

If you are a holder of $UNCL, you are now invited to swap them for $UNCX, having the below information in mind:

• No Deadline: The $UNCL to $UNCX swap on the ETH blockchain has no set deadline.
• Fixed Rate: The swap rate is 70 $UNCL = 1 $UNCX.
• Swap Procedure: Visit the specified webpage, connect your wallet, and perform the swap.
• No Airdrop: This is a straightforward swap. Be cautious of any misleading offers online.

To swap your tokens, please use this page: https://univ3.uncx.network/uncl-swap

Conclusion

We greatly appreciate our community's continued support as we make this transition. We are committed to making this process as seamless as possible and are excited about the new opportunities that $UNCX will bring. The UNCX Network team.

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UNCX Lockers V3 Update — Aegis Migration

Dear UNCX Network Users,

We hope this finds you well and enjoying the summer, wherever you may be. At UNCX, we are continuously working to improve DeFi security and transparency, and we are excited to update you on some recent developments in that regard.

After our recent deployment and support for UniSwap V3 (and forks) NFT-based liquidity lockers (see here for the Medium article), we have been delighted to see users enjoying the protocol perks and unique features. The feedback has been overwhelmingly positive. We sincerely appreciate your input on our new UI layout and technology!

Yesterday, we released an update with two key features with the aim of improving everyone’s DeFi experience:

1. Aegis Protection by Lossless: Our new feature introduces top-notch threat monitoring and smart contract defense capabilities, engineered to halt potential exploits before they can occur. How? Aegis scans all mined block transactions, utilising predictive analytics to identify transaction patterns and suspicious addresses.

2. Improved API Support: We’ve strengthened our integration with charting websites like DEXTools, GeckoTerminal, and similar platforms. This improvement, powered by decentralized data sources utilizing subgraphs from The Graph, is designed to provide users with seamless navigation and improved data reporting.

➡️ We highly encourage all UNCX Network V3 users to migrate to the latest contract version. This migration is completely free and ensures that you have access to the best locker experience possible.

How to Migrate Locks in Our V3 App: A Step-by-Step Guide

1. Connect to the Manage Lock Portal:

• Visit our Lockers v3 app’s manage lock portal here
• Make sure to select the appropriate chain for your needs.
• Connect the wallet that owns the liquidity lock (the ‘owner’ address)

2. Choose the Lock for Migration:

• Browse through the locks, and select the one you wish to migrate.
• Look for a displayed message to identify the locks that require your attention.

Selection of the lock to migrate

3. Simply click on the ‘Migrate’ button after selecting the desired lock.

Last step. Clicking on ‘Migrate’

Congratulations! You have successfully completed the migration process. Enjoy the latest perks and features of our V3 App. Rest assured, the lock parameters remain unchanged, in line with the nature of our product.

Should you have any questions or need further assistance, please don’t hesitate to contact our support team (links below).

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Introducing The TaxToken Minter (ENMT v2)

We are excited to announce the release of TaxToken (ENMT v2) featuring AntiBot and a Lossless integration. This new minter creates fully customizable ERC20 tokens and gives launchers full control over their lifecycle. Let’s explore this release in detail.

Our new minter, TaxToken

TaxToken is an extension of our original token minter (ENMT). Its focus is primarily taxes and has updateable settings, tax wallets, the ability to update the taxed liquidity pairs, as well as the possibility to select and update the exchange used for buyback and LP taxes.

TaxToken utilizes a diamond like contract to add a large amount of functionality without breaking the solidity compile size limit.

Features include:

• Ability to lock functions without renouncing the contract
• LP tax function
• Mint/pause/blacklist functions available
• Fully adjustable taxation (up to 30%)
• Buyback and reflection options
• AntiBot included
• Optional Lossless function
• Mint to multiple chains
• Admin panel for post launch edits
• Fully ERC20 compliant
• Native integration to all UNCX Network services

Featuring AntiBot

The UNCX Network AntiBot is the market’s most innovative sniping bot protection solution. It stops bots from sniping initial blocks after a token gets launched to market. It also allows you to whitelist specific wallets for trading in the first hours after launch. This prevents people from using their bots to buy in and negatively affect your chart.

Lossless Integration

Provide peace of mind to your investors with our built-in optional Lossless integration. Lossless is a DeFi hack mitigation protocol and allows users to report suspicious contracts and it retrieves funds when malicious activity is found. The protocol implements an additional layer of blockchain transaction security for ERC20 tokens, mitigating the financial impact of smart contract exploits and private key theft.

They utilize community-driven threat identification tools and a unique stake-based reporting system to report suspicious transactions. They allow the community to identify threats and report them. If the report passes, Lossless initiates recovery and the total of tokens get retrieved from the malicious address.

How to report a token with our Lossless integration:

➡️ When you suspect something suspicious, simply make a report and stake some $LSS on it.

➡️ Once a report gets generated, any user can stake some $LSS tokens on it. This is so that users can help analyze if the report is valid. The staking also helps draw more attention to the report.

➡️ Next, 3 entities will vote on the report: the token owner, Lossless, and the committee. These three will collectively cast one majority vote.

➡️ If the report passes, Lossless initiates recovery and the stakers retrieve their $LSS and their share of reward.

• Note that only the address that reported the fraud can propose the wallet for token retrieval.

➡️ Once proposed, there is a period where the wallet can be disputed by one of the three voting groups. If no one disputes the wallet in this period, the funds can be retreived.

What does fund recovery look like?

• All tokens get retrieved from the malicious address and are sent to the Lossless controller who is in charge of rerouting them.
• A 2nd transaction goes to the staking contract, where a certain reward amount gets distributed among all the users that staked on the token.
• A 3rd transaction goes to the reporting contract, that is the reward for the reporter.
• One last transaction moves the rest of the funds to the governance contract. Here the reporter will be able to propose a wallet to retrieve the stolen funds. 2% are dedicated as reward to the committee and there is a 1% lossless fee.

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UniSwap V3 Liquidity Locking Explained

We recently launched our liquidity locking support on top of UniSwap v3 and there are some new concepts to learn. In this short article, we dive into the important considerations and opportunities that UniSwap v3 has brought to liquidity locking.

What Has Changed?

Uniswap V3 has introduced the ability for users to provide liquidity for assets within pre-defined price ranges. This affects the liquidity-locking process in the following manner:

The meaning of % of liquidity locked has a different meaning on UniSwap V3. Unlike UniSwap V2, different users can select custom price ranges they would like to provide liquidity for.

This is because liquidity can be supplied in tight ranges (this concept is also known as concentrated liquidity). When a user swaps using Uniswap V3, the swapping process moves the token price up or down and potentially deactivates liquidity that is not within the new price range anymore.

It remains possible to have pools with 100% locked liquidity, assuming there is a single liquidity provider which provides full range liquidity to its userbase mentioned in the features list above, UNCX Network enforces full range liquidity protection as part of the V3 liquidity locking service.

The base USD value of the liquidity locked is therefore more important than ever. It helps determine how much of a trade you can make safely (meaning using the full price range).

Below, we have brought some concepts for our community and users to understand in a graphical way how the supplying and liquidity locking work on top of UniSwap V3.

Base Insured Liquidity Range (non-concentrated):

A base layer of auto-spreading liquidity that is guaranteed to be always there, regardless of the ranges that other users choose to provide liquidity for. Allows for there to always be tradable liquidity in the pool, due to the liquidity being spread full range (not concentrated).

Mercenary Capital (tradeable in ranges, concentrated):

When users provide liquidity within a very narrow range to maximize their gains coming from trading fees. This can create gaps, reduce stability in the pool and prevent users from trading an asset once the token price is out of range.

Mercenary capital can not be locked (on purpose) using UNCX Network lockers. If users wish to lock such liquidity positions, they will be automatically converted to be part of the base insured liquidity described above.

How This Has Influenced Our New Lockers v3

The UNCX lockers for Uniswap V3 NFT positions distribute locked liquidity evenly across the entire pool, establishing a reliable base for trading. (Using the Full Range Protection feature, we guarantee that there will always be a tradable layer of liquidity in the pool.) This mitigates the risk of illiquid gaps in the price range and sudden withdrawals of liquidity. V3 has also permitted us to add the fee collection feature where fees can be made off of trades even when the liquidity is locked for any duration of time.

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If you would like to get a deeper understanding of Univ3, concentrated liquidity, and range concepts, check out their blog here: https://blog.uniswap.org/uniswap-v3

For a tutorial on how to lock liquidity on UniSwap v3 using our lockers check out our docs here: https://docs.uncx.network/guides/for-developers/liquidity-lockers

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Introducing The UNCX Liquidity Lockers v3!

We are excited to unveil our news update to our trusted liquidity lockers. That includes a new sleek UI dedicated entirely to the lockers, UniSwap v3 and PancakeSwap v3 liquidity locking support and a series of flexible new features.

We have now separated the locker service onto its own UI to improve the experience of those looking for liquidity locker data and to reflect the growth of our locking service offering.

Check it out ➡️ https://univ3.uncx.network/lock/univ3/explore

New Features Include:

Locking — Allows a token developer / liquidity provider to lock their UniSwap V3 NFT position for a predetermined/immutable period of time.

Withdraw — Allows a token developer / liquidity provider to withdraw their locked liquidity position (NFT for UniSwap V3).

Migrate — UNCX Network, based on market demands and underneath protocol changes (e.g. UniSwap V3 migrating to V4 later on) can plug migration functions allowing our liquidity locking users to migrate to the newest protocols available. Migrations are subject to security assessments (‘audits’) and can only be activated by lock owners (as per their needs). Lock parameters remain unchanged and immutable.

Relock — Allows a token developer / liquidity provider to extend the duration of their initial liquidity lock.

Transfer of Ownership — Allows token developers / liquidity providers to transfer the ownership of their liquidity lock. By doing so, the new owner will be able to interact with the functions related to the lock.

Accept Ownership — When a lock ownership is transferred, the new ownership receiver has to accept the request for the lock, in order for the lock to be transferred. This function is to mitigate the risk of transferring ownership to the wrong addresses by mistake (e.g. burn address).

Decrease Liquidity — Once the liquidity lock has expired, it is possible for the owner to decrease the liquidity. It is a partial withdrawal, which is very useful when the user is willing to relock a remaining portion of the expiring lock after decreasing it. This function also saves the user gas fees because withdrawing, removing, and then creating a new lock is much more expensive gas wise than just decreasing liquidity and relocking.

Increase Liquidity — Allows a liquidity lock user to add liquidity to a lock in order to increase the existing position with the same locking parameters.

Pay attention, the following new features are what substantially separates our locker service from what is currently available in the market:

🔥 (UNIQUE) — Collect: Allows our liquidity lock owners to collect the fees that are generated from the trades taking place in the liquidity pool. The initial liquidity remains locked. Trading fees can be collected, as per UniSwap V3 standards.

🔥 (UNIQUE) — Additional Collector: Allows our liquidity locking users to delegate the collection of trading fees to another address of their own (allows the automation of the fees collection using a smart contract, bot…). UNCX Network recommends checking for automation using Gelato Network.

🔥 (UNIQUE) — Full Range Liquidity Protection: When locking with UNCX Network, full range liquidity is enforced (more information about that on UniSwap V3 official documentation). TLDR, it protects the pool traders from trading an asset inside a pre-defined range that could lead to stuck tokens after a purchase from an investor.

🔥 (UNIQUE) — Locker Data Discovery Browser: Have your locker data information exposed on the first & only Uniswap V3 locker browser. Our new investor friendly locker interface showcases all UNCX Uniswap V2 and V3 locks with lots of filtering options. Investors can easily discover or research projects here. Information displayed includes the USD value of the lock and the tokens represented by the position.

*Please note that there are some functions and features, such as improved filtering, that are still in the pipeline and will be pushed shortly. We will be providing timely updates to our community whenever an item gets added.

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Stay tuned for an article where we explain in a simplified way the new concepts to learn regarding UniSwap v3 liquidity locking! In the meantime please read up on concentrated liquidity and range concepts in UniSwap v3 here: https://blog.uniswap.org/uniswap-v3.

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Token Vesting Best Practices

Token vesting refers to the process by which tokens are gradually released over time, rather than being made immediately available after a token unlock or launch. Token vesting is also used in token allocation cases where projects wish to pay out tokens to employees, stakeholders, and the like, over time in a trustless manner. Tokens are typically held in a smart contract that specifies the terms of the vesting agreement. The vesting schedule determines when and how many tokens will be claimable by the stakeholder.

There are two schedule formats:

1. Linear, also known as Time-Based — such as releasing a certain percentage of tokens each month, week, or even block.
2. Milestone-based — tokens are released only after certain conditions have been met, such as the completion of a project or the achievement of a specific goal.

Token Vesting Helps Build Community Trust

Vesting contracts are often used in ILOs or other fundraising events (not limited to the blockchain industry) to help prevent early investors or team members from selling all of their allocations immediately after a project launches or unlocks. By gradually releasing tokens over time, token vesting helps promote stability in the ecosystem by protecting investors from potentially damaging volatility.

It additionally helps ensure smooth relations between projects and employees or VCs (Venture Capitalists). Projects may encounter extr eme sell pressure after launch from the part of VCs or employees. Vesting schedules mitigate & reduce conflicts of interest. Whether tokens are initially locked up for a period or not, token vesting ensures the same level of security of a lock as funds are kept in a smart contract with immutable settings. Storing funds this manner with a reputable service provider like UNCX Network is the most secure way to ensure they aren’t hacked, stolen by malicious third parties (outsourced teams included).

More information on why UNCX Network’s locker’s are the most reputable in the industry can be found here: ➡️ Link

“Why can’t I just vest tokens manually?”

Project owners might think about doing everything in-house. It would likely imply additional resources such as time and development costs. Also, by opting for the custom solution, it is likely the data related to vesting will be harder to be integrated by third parties such as data aggregators. Leveraging a reputable decentralized vesting service is ideal for the following reasons:

• Save on transaction fees by performing bulk locks (also known as locking ‘en masse’).
• Save on time, by automatically vesting tokens to thousands of people.
• Mitigate the risk of human made transactional errors.
• Build community trust by making schedule information transparent and accessible. Token vesting also comes with the guarantee of tokens being locked in an immutable contract until they have been claimed by users once they become withdrawable.
• Security -> Protection from internal (e.g. a team member) or external malicious actors

Token Vesting Best Practices

• Define a clear vesting schedule: This should outline when and how many tokens will be released.
• Leverage smart contracts: providers like UNCX Network provide smart contracts for token vesting. These contracts guarantee transparency and adherence to the vesting schedule.
• Communicate your plan: Inform your stakeholders about the vesting schedule and conditions.
• Ensure legal compliance: Get legal advice to ensure your token vesting process complies with relevant regulations.
• Allocate tokens appropriately: Distribute tokens among team members, advisors, investors, and users in a way that aligns with your project’s goals (ideally, long-term).
• Implement an initial lock-up period: This can prevent early token sales that might create unnecessary volatility on the market.
• Plan for unforeseen situations: Your vesting plan, even if immutable once in place, should include provisions for potential unexpected situations.

(For Investors) Metrics & Supply Allocation

Savvy investors analyzing whether a project is trustworthy or not look for various criterias in a project’s vesting schedule post launch/unlock date. Below, we are showing an example/range of supply allocation plan based on what we could observe on the market.

Please note that these are approximate ranges and the actual percentages can vary greatly based on the specifics of the project and its goals.

Again, keep in mind that this is about token allocation, vesting will typically happen over years.

Founders and Team: 15–20%. This allocation acts as an incentive for the team to work towards the success of the project. The vesting period should typically extend over a few years with a “cliff” (a period before any tokens vest), to ensure commitment.

Advisors: 5–10%. These are for individuals or groups that guide the project strategically and technically. Their tokens often have a shorter vesting period.

Investors: 10–20%. These tokens are usually allocated through private sales, pre-sales, and public sales (ICOs/IEOs/IDOs). They may have a lock-up period to prevent immediate selling.

Community Rewards: 10–20%. This is used to incentivize and reward the user base, including airdrops, staking rewards, liquidity provision rewards, and other forms of user engagement.

Reserve: 10–20%. This is a contingency fund to support future project needs, unforeseen costs, or strategic initiatives.

Partnerships and Integrations: 5–10%. Tokens set aside for building partnerships, collaborations, and integrations that can enhance the value and ecosystem of the project.

Ecosystem Development and Marketing: 15–25%. Tokens are used to fund marketing, business development, and ongoing product development, ensuring the project continues to evolve and attract new users.

If you also wish to learn more about LP locking, we recommend reading this article on the matter: ➡️ link

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The UNCX Farming & Staking Service is Mighty.

That’s right. We’ve got a fully modular farming & staking solution for you to reward your community with. Lots of flexibility and features that are not offered by alternative farming/staking solutions.

With other farms or staking platforms providers, users simply stake a token and receive a reward token. With the UNCX farms, farm creators are primarily setting up staking pools. This step allows them to set multiple parameters such as:

➡️ Minimum/maximum amount of tokens needed to enter a pool ➡️ Custom staking periods with relative bonus rewards allocation ➡️ Possibility to set up different staking tiers with custom rewards.

Once the above is setup, farm creators can setup single or multiple reward pools, from which the tokens will be allocated to community stakers & farmers.

Rewards contained in each pool can be farmed in as many different tokens needed.

Communities can be enticed by allowing them to farm the token of your choice alongside usdc, wbnb, weth… or actually any ERC20. The way the reward emission works is the block reward is shared among all farmers & stakers relative to their staking weight. Stake more tokens or burn our UNCL utility token to increase your staking weight relatively to other participants.

Our users can create either:

• A staking pool, with a single-sided token to be staked. (e.g. UNCX, DEXT, TOKENXYZ, etc.)
• A farming pool, with a liquidity provider (LP) token, to be staked. (e.g. BNB/TOKEN XYZ)

Admin functions allow farm creators to top up rewards when they are nearly deplete, in order to extend the rewarding periods. It is also possible to customize your farm with your own brand assets. Increasing rewards from an existing reward pool without requiring any interaction from the stakers is supported as a feature.

Refer to our docs https://docs.uncx.network/guides/for-developers/staking-as-a-service for a tutorial on how to create your own staking or farming rewards program!

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Burning vs. Locking — What Should You Do With Your Liquidity?

Let’s go straight to the point — both practices are meant to help build community trust, however, can investors really trust tokenized projects that believe it is a good idea to burn their liquidity (LP) tokens?

Hint: it is not a good idea to burn your LP tokens.

Token burning is a process where liquidity provider tokens or regular tokens are either sent to a burn address, or burnt using a dedicated function, natively available for some token smart contracts (not applicable to LP tokens). Once a token is burned it is forever inaccessible.

Token burning reduces circulating supplies, which is intended to reduce price volatility. It can also be seen as a short term thinking strategy. Burning tokens does not guarantee an increase in the token’s value. When done incorrectly, it often winds up negatively affecting projects and their ecosystem of stakeholders.

1% of a any total supply, for example, could be worth a substantial sum of money (USD equivalent value) in the future. Burning it indirectly implies that the project team does not believe they will get there anymore. Now this is when token burning is done “correctly”.

Countless projects do not burn their tokens properly and investors should beware. Some decide to send their tokens to Vitalik’s address, thinking that this is a sure way to burn them. VB does not approve the practice, and in turn has sometimes sold some of these tokens in order to warn project owners not to do this.

Another more reckless practice is the method of sending liquidity provider tokens to burn addresses. Doing so results in project owners’ longer term inability to remove liquidity from the pool and a loss of control of their supply. This also makes it impossible to migrate liquidity to new exchange protocols (Uniswap V3, V4, or other chain liquidity spreads to further expand their ecosystem token utility).

For investors reading this, beware — sometimes malicious actors may also announce they are ‘burning tokens’, but in fact are sending them to a wallet they can access. It is important to verify yourselves on the chain explorers (Etherscan, and alike).

➡️ Projects who want to effectively build trust with their communities lock their liquidity.

Liquidity locking allows project owners to maintain some control over their token’s liquidity and puts them in a better position for long term growth. Liquidity locking also signals to investors that the project is taking security very seriously while complying with decentralized high standards (prevents the LP tokens from being moved unexpectedly, for instance). Acting as such induces more confidence & trust from investors and ecosystem participants.

Lockers also help increase a project’s exposure (while burning does not). When a project’s liquidity is locked, it displays on charting platforms thanks to our API collaborations, and overall boosts tokens’ security score. Token locks information remains also available and displayed on our own website/app.

For more information about liquidity locking and token vesting, we recomend to check out our LP Locker Overview article or head to our website and to learn more about the industry’s most reputable liquidity lockers — made with love by UNCX Network.

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Liquidity Locking is a Part of Proof of Reserves, Here’s Why.

Proof of reserves help ensure that exchanges and other custodial services actually hold the assets they claim to have in their possession.

This concept is going to be growing in importance in the coming months & years as industry participants recover from the loss of confidence, resulting from recent hacks and discoveries of fraudulent behaving companies. Our opinion is that the industry as a whole will begin to demand more transparency and accountability from projects. The demand for tools aiding with Proof of Reserves is growing.

Proof of reserves refers to the process by which an exchange or other custodial service can prove that it holds the assets it claims to have in its possession. This can be done through a variety of methods, such as publishing a public audit of their holdings or allowing customers to verify their holdings on the blockchain.

By implementing proof of reserves, exchanges and other custodial services (also known as VASP, standing for Virtual Assets Services Providers) demonstrate to their customers that they are trustworthy, reliable and to some extent transparent with their user base. We would like to take things a step further and challenge these projects to truly put their money where their mouth is. As of now, Proof of Reserves is done by providing cryptographic proofs of holdings (signed messages from cold wallets, merkle tree of account balances, among other practices).

This is a great starting point.. but it still leaves room for human interference and subterfuge. There is no guarantee that the funds will stay there, there is no protection from hacks and against ourselves… humans. A project’s Proof of Reserves is not complete unless there is a decentralized mechanism ensuring the funds remain. Proof of Reserves is not complete… without Liquidity Locking. This is why, in our upcoming imminent release of Lockers V3, locking smart-contracts will be rebranded to Proof of Reserves as we see this concept a key extension of the latter.

Users are not only going to want a single dated proof of reserves, they are going to want continued access to what is backing a token or project. A vesting schedule coupled with a lock gives investors information as to when funds are to be released and allows for this information to be shown on DeFi tracking platforms (DEXTools, GeckoTerminal and alike) at all times.

We know that exchanges and protocols are not too excited about having to show Proof of Reserves, but this is a necessary step towards truly increasing the confidence in the ecosystem as a whole and towards promoting greater adoption. We invite the community to start requesting that Proof of Reserves become synonymous with the guarantee of a lock and vesting schedule as well.

Have thoughts on this matter? We invite you to join the discussion in one of our social channels below!

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$UNCX Staking Updates | April 2023

Dear UNCX Network community,

We hope you are doing well!

This short medium post relates a small update for our $UNCX Stakers (of all tiers). You can find the link to our staking portal here.

By March 31st, $UNCX reward pools for April were filled as usual, but there was a human error made on the top-up. Instead of using the ‘Increase Reward’ method (which is the standard procedure), our team used another method, called ‘Top-up’.

The ‘Top-up’ method extends the rewarding period duration (understand start/end date) while keeping the reward emission the same, whereas the ‘Increase Reward’ method does not impact the dates but the ratio of rewards emission instead.

The above explains why our ecosystem of stakers woke up in early April with ‘no-yield’ farms lasting up to 260 years. Sadly, we have not found the elixir of youth over the last couple of days, as some were wondering in our community channels.

Resolution

Today (April 3rd), our team is taking action and will apply the following steps:

1. Draining $UNCX rewards from the April pools, which currently last for decades (not intended, as stated above)
2. Use these $UNCX tokens (and some bonus tokens to be rewarded for the gas compensation) to re-fill and top-up the $UNCX pool that was used for March 2023.

Therefore, stakers that were already subscribed to the March reward pools do not have to take any action and will see their yield retroactively allocated.

In other words, no action is required from our stakers, UNLESS you already unsubscribed from the March reward pools. In such a case, a re-subscribe to the March $UNCX reward pool will be necessary at your earliest convenience. Related to $UNCL rewards, business as usual (pools have been filled with success today).

Final Thoughts

We would like to kindly thank our community members for their understanding after reading these lines.

Our team remains working around the clock to deliver our next batch of features & services. Without going into the details (this will happen in a dedicated article), our community can expect several deliveries for Q2 and Q3 of this year.

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