September update : ILO, ENMT, NFT

Hey everyone!

It’s time to update our community with the latest news. We’re currently working on multiple fronts and we hope you will appreciate this article. Enjoy!

ILO — Version 5️⃣ is now deployed (ETH, BSC)

Various anti-bot measures were tried in our v3 and v4 contracts that did not result in the intended outcome. Based on community feedback, we feel that removing these anti-bot measures provides the fairest way for all of the UniCrypt community to participate in ILOs.

ILO version 5 will be in place until a new, unbreakable anti-bot method can be developed and thoroughly tested. We hear the community and the issues at hand. UniCrypt does not want to alienate anybody from purchasing a presale while potentially providing an advantage to another.

The v5 contract will provide the fairest opportunity for the community to purchase Initial liquidity Offerings. Below, the concrete changes & enhancements :

  1. Contracts are now publicly available on the blockchains
  2. Captchas have been removed for now in relation to the above (no point having captchas if you can participate through a direct contract interaction)

3. Round 0️⃣ has been highly appreciated by the community. We have enhanced the mechanics :

  • Round 0 is now opened for up to 1/2 of the ILO hard cap (previously, UNCL allocations were up to 1/3 of the hard cap).
  • ⚠️ Major change: UNCL round 0 reservations :

In the previous versions, the 2 UNCL required to reserve a spot were burnt in case of a successful ILO and fully withdrawable in case of a failed ILO.

With ILO V5, 25% of UNCL required to reserve a spot will be burnt in case of a failed ILO (0.5 UNCL burnt if the ILO fails and 1.5 UNCL withdrawable, 2 UNCL burnt of the ILO is a success)

This is to prevent people from booking spots without doing research as well as potential malicious actors using the round 0 reservations for ‘false hyping’ purposes.
📊 Quick stat : So far 3,500 UNCL (approximately $120k) were burnt using the round 0 utility. UNCL is getting scarcer, and this v5 update will most likely accelerate this process.

🛠️ ENMT — Token minter fee model update

With the other UniCrypt core team members, we want to help and push for the adoption of these gas-optimized and pre-audited token contracts. Our idea is to make these contracts more accessible :

Previous fee model: Flat fee + 0.2% of the total (max) supply

🆕 Fee model: NO FLAT FEE + 0.3% of the total (max) supply 🆕

These modifications have been applied to ETH Mainnet, Binance Smart chain, and also Kovan Testnet to simplify developer tests for our different services.

👀 NFTs… Did UniCrypt say NFT ? 👀

Within the next few days, we will announce a partnership with an NFT-based gaming company. NFT drop and a very rare NFT auction are around the corner. You definitely want to stay tuned! Details are coming this week.

Closing thoughts and short-term roadmap

  1. UniSwap v3 liquidity lockers support (ETH Mainnet)
  2. Staking and farming options for the UniCrypt community as well as for other projects (as-a-service)
  3. Solana Liquidity Lockers
  4. A product we can not alpha-leak about yet 💣. Keep your eyes open.

Have a wonderful week everyone!

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