Unicorn Redemption whitepaper
The Unicorn Redemption Whitepaper aims to educate readers on our vision, strategy and roadmap.
Below we illustrate in detail the now well known and widely used redistribution mechanism:
Audits:
- BSC Checker: link
- TechRate: TBD
UNICRED in a nutshell
UNICRED is part of the next evolution of a yield-generating contract on the Binance Smart Chain (BSC): you get rewarded in BNB instead of tokens.The token contract employs a static rewards system — 21% of every sell transaction is split as follows:
- 7% BNB is redistributed to holders (200% more than competition)
- 7% is used for liquidity, which will also be used for buybacks
- 3.5% is used to fund marketing
- 3.5% is used to fund developmental costs and modding
And for buying:
6% of every buy transaction is split as follows:
- 2% BNB is redistributed to holders
- 2% is used for liquidity, which will also be used for buybacks
- 1% is used to fund marketing
- 1% is used to fund developmental costs and modding
In order to fully understand the BNB redistribution, let’s first talk about the reflection concept:
Classic redistribution
This is a concept that was popularized by Safemoon. The mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells). Redistribution is based on percentage (in the contract), current token balance and number of holders.
TL; DR: You receive more tokens automatically.
BNB redistribution
Popularized by HODL and GhostFace, a transaction fee is applied to every single buy /sell order, tokens are then swapped in realtime for BNB and added to a POOL (similar to how liquidity pools work). Holders can then go to a website and manually claim the BNB earned at specific time (daily / weekly / etc.). The BNB they can collect are based on their token holdings % and the current pool size. TL;DR: You hold, then go to the website and request your BNBs
UNICRED redistribution (TIKI system)
Claiming manually is unintuitive for a couple of reasons:
- Need to connect your wallet manually to the website
- Time constraints as you need to return frequently to manually claim your BNBs
- Educating holders is complicated. It’s difficult for them to understand the value until they go through the full claiming experience. More difficult to market.
The way it works for holders: You buy tokens and hold them, every 20 minutes you’ll automatically receive BNB in your wallet. Not a single action is required.
Your UNICRN tokens amount is persistant and won’t change.
Behind the scenes:
- The contract keeps track in an array of all token holders,
- The contract keeps an index into the array for processing,
- Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more, since the gas will still be proportionally less than the value of the tokens),
- The token is based on a Dividend-Paying Token Standard, which means all BNB the contract gains will be split equally proportionally to the token holders.
- When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for BNB, or automatically buy back tokens for them.
This system is fully automated and doesn’t add minimal gas fees proportional to value transferred. The number of holders processed through each transaction is dynamic and based on transaction size. Holders will receive dividends from the queue based on their position in the array. It’s a fair system, fully automated. Minimum token balance is 10,000 UNICRN tokens to receive BNB distribution, however we recommend that you hold at least 100,000 UNICRN tokens for a better experience.
What if I don’t want to wait?
We will set up a function on the contract for impatient holders so they can claim manually.
Unicorn Rewards added value
Unicorn Rewards provides higher rewards than ever seen in this space, and provides them every 20 minutes — you don’t have to wait!
Additionally, instead of having a marketing wallet that receives the rewards based on it’s holdings and introduces a risk of the team dumping tokens, we implemented a direct marketing fee from every transaction, and there are no team or marketing tokens, so the team will not dump any tokens and decrease the price.
Additionally, we are developing a special contract, that will act as the liquidity wallet. The contract will receive the LP tokens, and then use the liquidity in 2 ways: First, it will burn some tokens the LP tokens represent, then it will use the BNB from the LP tokens to do a buyback, thus increasing the price of the token, then, it will burn the bought tokens which will cause even more deflation. The contract (we call it a smart on chain buyback bot) will get information from the pancakeswap router about any recent sell orders, and will do buybacks in sizes similar to sells, which will keep the price steady.
UNICRED redistribution
The protocol will be launched on Tuesday 20th July, 2021 through DxSale. The first half of the presale will be for whitelisted wallets (20 BNB), after that, anyone will be able to contribute (hardcap of 40 BNB). The max allocation at presale will be 0.1 BNB, so there will me a minimum of 400 lucky participants from the DxSale presale alone.
The presale and contract are fixed and won’t be changed. Everything has been tested and fully works.
The presale is split into two phasses:
- Whitelisted presale: For first 100 telegram members + those with the highest amounts of entries on sweepwidget (20 BNB / 200 participants x 0.1 BNB)
- Public presale phase: Everyone can participate (20 BNB / 200 participants x 0.1 BNB)
You will know if you’ve been whitelisted on the DxSale page, but we will also provide a list in the telegram beforehand. We will whitelist only members who will provide twitter and telegram, so we won’t have any fake buyers or bots — our aim is to create a token that won’t just dump because of some algorithmic bots, if you’re thinking of buying this token at presale, just to dump it when you have a 2x or 3x please don’t buy this token. We are unironically taking this to the moon, since we are starting with only 150k USD starting marketcap, mooning is a non issue.
DEX public listing
Following the presale, presale participants will be able to claim tokens when we finalize, but trading will not yet start — we want to ensure that people have time to claim the tokens in peace. We will also add the BNB from the private sale to pancakeswap before the start of trading. After everything is ready, we will enable trading. Trading will start 1.5 hours after the start of the presale.
Renouncing / Locking the contract
Following the successful launch, and after making sure people are receiving the rewards, we will lock the contract, so we will have the trust of the community. The remaining time to the unlock will be very clearly displayed on BSC scan for anyone interested to check. We will re-lock the contract for a longer period if no parameters need to be changed, but we will not be renouncing the contract as it would prevent us from listing on another exchange or make necessary changes to the contract.
Token Information
Network: Binance Smart Chain (BEP-20)
Ticker: UNICRED
Contract address: 0xb01F3bF9CF6098c3575CCAC242da6187b3F3D918
Decimals: 18
TOTAL SUPPLY : 1,000,000,000
🦄TEAM / PARTNER Allocation: 0 (0%)
🦄 TOKENS FOR MARKETING WALLET: 0 (0%)
🦄 TOKENS FOR PRIVATE SALE: 0 (0%)
🦄TOKENS FOR PRESALE : 442,000,000 (44,2%)
🦄 TOKENS FOR PANCAKE LISTING : 442,000,000 (44.2%)
🦄 TOKENS FOR PLATFORM FEES: 116,000,000 (11.6%)
🦄 Hard Cap : 40 BNB
🦄 Presale Rate : ~11,050,000 per BNB
🦄 Min./Max. Contribution : 0.01 BNB — 0.1BNB
🦄 Presale Time : 20/07 at 1.30 pm (UTC)
🦄 Pancakeswap Listing Rate : ~11,050,000
🦄 Liquidity Locked: 100% — Unlock Date : 12 months
Security of UNICRED
Locked Liquidity
Initial liquidity will be locked for 12 months to provide holders with peace of mind that the token can always be exchanged. A trusted 3rd party, DxSALE, will operate as the middle man to ensure that all raised liquidity is locked in a secure locker for the full timeframe.
Contract Audit Prior to Launch
This contract is a fork of a well Audited contract from TIKI token, so since this is just a fork it’s also safe.
The token contract is verified and available for viewing on bscscan.
Other features
We did everything necessary for an environment that maximizes buying and holding, and minimizes selling.
Anti-Dump protection
Price protection features such as max tx on sells are included. Any transaction selling more than 0.1% of total supply will be rejected. This prevents massive one time sells that drastically alter the token price.
Anti-Whale protection
No wallet (except pancakeswap and burn address) is allowed to have more than 1% of the supply after launch, meaning there are no whales.
Extra 350% Sell fee
Bots that swing trading are a common problem. To incentivize holding and reducing pump/dump dynamics, we added an extra 350% sell fee on top of the initial 6% buy transaction fee.Total sell fee = 21% (7% BNB redistribution + 7% Liquidity pool + 3.5% marketing + 3.5% development)
