Over time, more people are choosing to buy, sell, invest, and even accept paychecks in cryptocurrencies like Bitcoin. It can get a bit complicated, though, as more and more tokens are released into the ecosystem every day.
One example is UNIV crypto. It's a token involved in the DaaS from the team behind Universe, a project determined to change how people interact with assets on the blockchain.
The premise isn't only interesting, it's also quite entertaining. If you're interested in learning more about UNIV, consider reading ahead.
What is UNIV Crypto
$UNIV crypto is a key part of the tokenomics behind the Universe project. The 42 billion UNIV tokens were launched on January 25th, 2022, where 100% of the liquidity was added. It's not a common coin, though, and seeks to do much more than function as a currency.
What's the incentive, though? Well, with 42,000 UNIV, a user can create or purchase a planet NFT. Purchasing a planet comes with several benefits within the Universe project. One such benefit allows interacting with a real-time dashboard that provides a plethora of information around $UNIV and the other users involved.
But, to fully grasp whether or not the token makes sense, it's a good idea to dive a bit deeper into the details behind the Universe project.
The Universe Project
The primary focus and selling point of the Universe project involves working with node tokens. More on that later, though. It's a good idea to first analyze the overall project before jumping into the node token system and changes.
The team puts a strong emphasis on creating an interesting, engaging, and entertaining fantasy set in space. They play with the wording and use phrases like "buy a space in the space." It's basically like setting up a unique environment where buyers or "players" can trade assets strategically.
Node Token Innovation
The project relies heavily on offering an innovative Defi-as-a-service crypto protocol that lives on the Avalanche. As expected, they work with node tokens. The bonus here is that even node tokens can be traded, something the team behind the project offered to fix for other projects, before deciding to create the system for themselves.
Essentially, buyers generate UNIV crypto passively with planets. At the same time, though, they can trade the planets with other users, which is an exchange of node tokens. Not only is this quite innovative, but it also allows for more transparency on the chain. All activity is on display, and it gets better with the UI they've implemented.
The UI for viewing activity on the network is called the Observatory. Regardless of whether or not the project is worth investing in, it's clear that a lot of work went into making it easy for users to engage with the platform. The Observatory is packed with tools!
In order to optimize how users utilize their $UNIV crypto, they can use the following features and tools to analyze data:
- Statistics regarding price per $UNIV
- The total number of planets created
- Total supply and emissions per day
- Limits for incoming and outgoing transfers
- Section for creating, trading, and compounding planets
They've also announced a list of features set to appear in the near future. These are important changes, according to the team and community. Here are a few of those features:
- Planet ID system
- Voting panel for ideas
- Leaderboard for active users
- Metaverse-related tools like play-to-earn
The Universe project puts a lot of great features on the table. However, the team claims that it's not perfect just yet. They've clarified a few details informing potential buyers of risks and problems they might run into.
One issue involves wallet limits. Each user can have a maximum of 125 planets per wallet, meaning those interested in creating more require using multiple wallets. This is a slight inconvenience.
They've also informed users that their dApp was built from scratch, and isn't a copy of any other existing dApps. While admirable, they admit that, because it's in its infancy stage, there's a possibility that it can run improperly. They do offer support and assistance via e-mail, though.
How Owning a Universe Planet Works
Owning a planet in the Universe project is quite an interesting endeavor. First of all, the UNIV crypto is the primary tradeable asset. Even though, of course, you can trade planets themselves.
The planets, through staking and other approaches, generate the $UNIV token. It's not that simple, though. Planets grow over time and climb a tier list. Each tier provides a different daily APR, and they're listed as follows:
- Mercury: 0.87% daily APR
- Mars: 1.00% daily APR
- Earth: 1.10% daily APR
- Neptune: 2.10% daily APR
- Jupiter: 2.14% daily APR
- Sun: 2.18% daily APR
The planet NFTs come with a few other benefits, but the daily APR appears to be the most relevant. It's important to understand that users can compound their planets for an immediate return. The higher a planet is on the tier, the more privileges, voting weight, and compounded returns it provides.
Finally, those that stay in the ecosystem and avoid trading out of it receive returns on global investments from the project. These investments change over time, but these are the current investments:
- MIM-AVAX LP
- DOMI-AVAX LP
- Domi online
UNIV Crypto: An Interesting Ecosystem
The UNIV crypto is a coin with an intricate design backing it up. Relating it to a broad system that allows engagement between users via NFTs is quite ambitious. Trading, compounding, and building interest with the planets seems like an interesting set of activities that might draw in a large crowd.
Among the positives, the node token innovation makes it a one-of-a-kind project. Where other similar projects stick to static nodes, Universe allows users to trade the same NFTs that generate $UNIV. Of course, a ton of projects offer voting systems, staking, and similar features.
What's especially attractive is its relatively low number of negatives. The team admits to a few faults, including issues with their dApp and user wallet limits. These aren't deal-breakers, though. In the end, $UNIV seems like a coin that makes sense.
Get in touch if you're interested in learning more about crypto finances and other investments that might make sense for you!