Holding ether just got more profitable and sustainable for the ecosystem and more value has just be developed on the Ethereum blockchain with this new Ethereum based project which aims to reward user for holding ether or Ethereum based tokens (ERC-20 tokens). The future of the blockchain industry see a lot of inflow of enthusiast coming in to hold token more on the Ethereum blockchain for the long term and would also transact digital asset on a regular. To be able to sustain an economy such as that which the blockchain provides it is important to be able provide a secured storage while adding value, the idea about holding money for long is the its value appreciate in the nearest future.
Tokenunion is providing what they would like to call time value of token (TVT). This in itself has never been done on the blockchain. TVT is a mechanism setup so users can earn reward for holding their tokens for the long-term in a provable and fair nature. In other words, the long you hold the more you earn, safe to say like the traditional banking system (savings account). In its decentralized nature, users can deploy what is referred to as Holder contract which is a trustless token storage method that is used to stored their ERC-20 token on the ethereum blockchain thereby having their tokens added to the tokenunion network where users can be eligible for rewards.
Rumor is one of the primary cause of volatility in the crypto currency space, tokenunion utilizes crypto economic theory incentivize the correct market behavior. Crypto enthusiast have no secure way of holding their crypto asset mush as the conventional banking system provides. The difference between the tokenunion’s holders contract and the normal banking system used traditionally is that the formal would support a multiply number of tokens as underlying based stores of value while the later rely on lending in which the borrower spends and earn. A typical example is the idea of having a fixed deposited account in African countries such as Nigeria, Ghana, Togo etc.
Tokenunion is basically offering ether and ERC-20 token holders TVT based on the fees generated by other users who withdraw their ether and ERC-20 token early. Users visit the tokenunion network, create and deploy a Holding Contract on the Ethereum blockchain. This contract is secured because it come with a private key only available by the User, the Use send their token to the smart contract address. Meanwhile, a static withdrawal fee is calculated that the user agrees to pay when they which to withdraw their ether or tokens and from there on earns whenever anyone withdraws wishes to pay their withdrawal fess. The value other would have on the network keeps on appreciating.
UNI is an ERC-20 token based of the Ethereum blockchain, is the utility token to be used on the tokenunion network to pay for withdrawal fees. Demand for this token would surge as user the crypto ecosystem would not be turning to USDT or TUSD to hold funds because of it volatility also but to UNI reason been the incentive been rewarded to users and this would create a price surge for sure.
RELEVANT LINKS
Tokenunion is currently in an airdrop phase you can apply. For more information about Tokenunion visit their website at https://tokenunion.io or read their white paper at https://docsend.com/view/hj4tdrk
WEBSITE: http://tokenunion.io/
WHITEPAPER: https://docsend.com/view/hj4tdrk
TELEGRAM: https://t.me/tokenunion
TWITTER: https://twitter.com/tokenunionio
GITHUB: https://github.com/tokenunion/
BITCOINTALK USERNAME: ogmaro
WALLET ADDRESS: 0xD1aA4F301bC80E4895371944DAD4d2Dc95dDe94e
BITCOINTALK LINK: https://bitcointalk.org/index.php?action=profile;u=1298535
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