With new utilities launching every day, Unite Finance’s $UNITE token is set to become the established $ONE stable coin
Unite Finance is the first project to create an algorithmic stablecoin in the crypto space. Unlike other projects where collateralization of fiat currency is required to peg value, $UNITE algorithmically pegs with $ONE, the primary currency of the Harmony Mainnet.
Unite reached a Total Value Locked (TVL) of over $30 million just 10 days after launch and onboarded thousands of users. Unite is now looking to gamify the experience for users by adding several other features like arcade games and decentralized casinos.
Decentralized Fun Arcade Games
With a decentralized arcade, Unite Finance is focusing on utility to encourage active user contribution on a fundamental level. The arcade will be built to enhance the DeFi experience by adding exciting old-school and new games. Users will be able to play Roll, Crash, Coin Flip, and other popular games with entry as low as 1 $UNITE to ensure universal participation (equivalent to $0.15 USD at the time of writing!) – and there are no KYC requirements to withdraw your winnings!
The arcade maintains a non-custodial policy, no amount is required to be deposited to access the features. A player can play and bet in any slot and other arcade games without facing any restrictions. Upon winning, the profit can be instantly withdrawn to your wallet with zero additional fees.
All the games will have a multiplayer feature that allows you to play with others in real-time. Each game will feature a chatroom where you can discuss strategies to win, engage in fun banter – or take a step further to together go all-in on a single result – all players would win based on the same result.
Besides having a great time, you’ll also stand to win various types of rewards and bonanza entries. The arcade project is completely open-source.
How Do the Unite Users Profit?
If you own or stake any of the Unite tokens, you are the owner of the arcade. Unite proactively uses the dividends to buyback $UNITE tokens from the open market, creating a buy pressure that increases the value of long-term holders and assists the overall stability of the protocol.
The rest of the profit is divided into multiple structures. A substantial amount gets redirected to Research and Development department to come up with new ideas regularly and make the project failsafe. The marketing team also gets a share to market the features to new users.
Unite Finance has also pledged to support Ukraine in this devastating time by joining the Ukraine Crisis Relief Fund.
Arcade will drive more user engagement and a higher investment percentage. That means the current investors will see higher returns and dividends on their investments.
In the upcoming announcements, we’ll focus on GameFi, as we intend to gamify the complete experience of DeFi and make it more exciting with Metaverse. Not only will we be including games on the platform, but also become the game in a larger sense.
Learn more about the protocol on the official handles.