TOKEN UNION: A BETTER WAY TO STORE CRYPTO
It is no news that the wide acceptance of cryptocurrencies has paved way for the creation and development of new cryptocurrencies on a daily basis and has been of great benefit to traders over the years.Since its creation in 2009, cryptocurrencies have taken the world by storm and its global acceptance is amazing. There are over 20 million users of cryptocurrencies generated everyday worldwide. The cryptocurrency market has significantly grown over the years that it is estimated to grow to worth over $5 trillion in 2025. Hence, cryptocurrency is being one of the favorite investments for all crptocurrency users. People buy ethereumcryptocurrency from the cryptocurrency market and would want to hold on to it for a long period of time and as such look for where to store it. However, there is no secure method of storing crypto assets. In comparison with traditional USD savings account, token-oriented Holding Contract support a number of tokens and also support the time value of tokens in any domination while the traditional USD savings rely on lending in fiat which the borrower spends and earns. So the cryptocurrency oriented holding contract cannot adopt the traditional method because if the crypto is lent out, it will appreciate and could hinder the user’s ability to benefit from the appreciation during the duration of the loan. Therefore, the crypto ecosystem lacks the ability to handle the upside of crypto assets and earn the time value token of any denomination causing an increase in the total size of their stake. The TokenUnion proffers a solution to that situation. The TokenUnion provides users the opportunity to earn the time value of tokens rewarding them for holding their tokens for a long period in the similar way to the traditional method. It is a decentralized platform that rewards users for holding Ether or ERC20 tokens. The UNI tokens are used to pay for withdrawal fee in the platform. The mobile and desktop site is totally user friendly and enables seamless transactions.
FEATURES OF THE TOKEN UNION PLATFORM
• Fully autonomous reward distribution
• Completely decentralized and provably fair
• Earn rewards
• Get rewarded in the same tokens you hold
HOW DOES IT WORK
The user deposits their Ethereum/ERC20 tokens into the TokenUnion platform through the web interface. To withdraw, the user acquires UNI tokens, sends into the user’s holding contract and receives their stored tokens back into their wallets. Afterwards,tokens are distributed amongst all the platform’s users through the Reward DAO. Then the UNI tokens will be convertible to all TokenUnion supported tokens through Bancor.
TEAM
Shayne Coplan- CEO
Ryan Hendricks- Lead Solidity Developer
Samuel Mlodozeniec- Blockchain Developer
Jared Madfes- Director of Operations
Sean Park- Software Developer
Terry Li- Blockchain Developer
Mark Barrasso- Security Engineer
Brandon Latteri- Marketing
Yash Patel- Solidity Developer
Steven Nerayoff- Ethereum ICO Architect
Jeff Pulver- Invented VoIP
Lou Kerner- Cofounder of CryptoOracle
James Haft- Cofounder of CryptoOracle
James Dix- Former SEC Prosecutor
Pieter Gorsira- Founder and CEO of Lawnmower (Acq.CoinDesk)
Ben Tossell- Founder and CEO of Token Daily
For more information please visit the website and follow for more updates and connect with other users worldwide on any of the social media platforms listed below:
Website: http://tokenunion.io/
Whitepaper: https://docsend.com/view/hj4tdrk
Ann thread: https://bitcointalk.org/index.php?topic=3743898.0
Telegram: https://t.me/tokenunion
Facebook: https://www.facebook.com/tokenunion/
Twitter:https://twitter.com/TokenUnionIO
Published by: teejayrichard
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1265803
Ethereum wallet: 0x937fe2c8bd616344a9Be33fDEC04D6F15f53c20F