What is UniLend?

UniLend is a DeFi (Decentralized Finance) protocol that allows users to perform spot trading and lending/borrowing through smart contracts. The goal of UniLend is to combine the features of lending platforms like Compound and Aave with the ability to trade tokens as on centralized exchanges, all within a single platform.

What is the UFT token?

UFT is the native utility token and plays an important role in the UniLend ecosystem. It is used for various purposes such as:

  • Governance: UFT holders have the right to vote on changes and upgrades to the protocol.

  • Transaction fees: A portion of the transaction fees on the platform will be paid in UFT tokens.

  • Incentives: Users can earn UFT tokens as a reward for participating in activities on the platform.

Tokenomics

Basic information:

  • Name: UniLend

  • Trading name: UFT

  • Type: Utility token

  • Platform: Ethereum

  • Contract: 0x0202Be363B8a4820f3F4DE7FaF5224fF05943AB1

  • Total supply: 100,000,000 UFT

Allocation:

  • Reserves, marketing, ecosystem: 33%

  • Token Sale: 30%

  • Team: 15%

  • Protocol distribution (used for liquidity mining/yield farming): 15%

  • Security & Alignment (used for bounty/bug testing): 5%

  • Public distribution: 2%

Development team

The UniLend platform (UFT) was co-founded by: Chandresh Aharwar and Tarun Malik.

  • Chandresh Aharwar: Co-founder and manages all operations of UniLend. He is the one making important decisions and guiding the project's development.

  • Suryansh Kumar: Co-founder and Chief Technology Officer (CTO). He is a technology expert, ensuring that UniLend's software runs smoothly and efficiently.

  • Tarun Malik: Co-founder and Chief Product Officer (CPO). He ensures that UniLend's product meets the needs and desires of users.

Compare UniLend with Compound and AAVE

All three protocols aim to provide a platform that allows users to lend and borrow cryptocurrency assets in a decentralized manner. However, each protocol has its unique characteristics, creating diversity and competition in the DeFi space. Below is a detailed comparison:

Compare UniLend with other protocols

The main features of UniLend

The main features of UniLend include:

  • Lending and Borrowing: Like other DeFi platforms, UniLend allows users to lend their digital assets to earn interest or borrow digital assets by using their own assets as collateral.

  • Spot Trading: UniLend provides a spot trading platform, allowing users to trade cryptocurrency pairs directly.

  • Governance: UFT token holders have the right to vote on important decisions related to the protocol, such as changing system parameters or adding new features.

Current price of UFT

$UFT

Where to buy and sell UFT tokens?

You can buy and sell UFT tokens on exchanges like: Binance, Mexc, Gate, HTX, etc.... Among them, Binance.com is the exchange where UFT is traded the most, accounting for over 70% of the total trading volume across all exchanges combined.

Therefore, if you intend to buy this token, you should go to this exchange to trade.

If you don't have an account, please register at the link below to get a 20% discount on transaction fees.

Registration link for Binance and 20% discount on transaction fees: https://accounts.binance.com/register?

Conclusion

UniLend is a notable DeFi protocol with many outstanding features. If you are looking for a comprehensive trading and lending platform, UniLend is a great choice. However, before deciding to invest, you should carefully consider the risks associated with the cryptocurrency and DeFi market.

Note: The information in this article is for reference only and is not investment advice. You should conduct thorough research before making your decision.