Buy UniPower (POWER)
What is UniPower?
UniPower (symbol: POWER) is a decentralised finance (DeFi) token and social experiment designed around the concept of a fully liquidity-based token model. It is the first token to utilise a Proof of Liquidity (PoL) mechanism, with its entire fixed supply of 1,000,000 tokens added to Uniswap's liquidity pool at the time of launch. UniPower aims to explore new models for token distribution and liquidity provision while addressing challenges in creating sustainable and fair token economies.
How does UniPower work?
UniPower operates on the Ethereum blockchain as an ERC-20 token. It inherits Ethereum's consensus mechanism, which is transitioning from Proof of Work (PoW) to Proof of Stake (PoS). Its design eliminates the ability to mint additional tokens, ensuring a fixed supply. UniPower relies on its liquidity-based model to drive value, with its tokens primarily traded and utilised within the Uniswap ecosystem. While specific details on its smart contracts are unavailable, its functionality is integrated with Ethereum's DeFi infrastructure.
What are the potential use cases for UniPower?
UniPower has several use cases within the DeFi ecosystem, including:
- Staking and Yield Farming: Token holders can stake their POWER tokens to earn rewards.
- DAO Governance: Enabling participation in decentralised governance frameworks.
- Liquidity Provision: Supporting Uniswap pools by providing liquidity.
- Trading: Facilitating trades on decentralised exchanges.
These use cases primarily target the decentralised finance, cryptocurrency trading, and blockchain R&D sectors.
What is the history of UniPower?
UniPower was launched on June 3, 2020, as a social experiment exploring fully liquidity-based DeFi models. Its defining feature at inception was the addition of 100% of its token supply to Uniswap liquidity, a significant milestone for the project. Though little information is available regarding updates or partnerships, the project has influenced other DeFi initiatives, such as Growth DeFi, through its innovative approach to liquidity provisioning and token sustainability.
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Frequently Asked Questions (FAQs)
What is the current price of UniPower (POWER)?
The UniPower price is $0 AUD, representing a 0% from the day prior.
Where is the best place to buy UniPower (POWER) in Australia?
The best place to buy UniPower (POWER) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell UniPower (POWER) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of UniPower (POWER)?
The trading volume of UniPower (POWER) is $0 AUD in the last 24hrs, representing a 0% from the day prior.
How can I buy UniPower (POWER)?
UniPower (POWER) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of UniPower (POWER)?
The current market cap of UniPower (POWER) is $0 AUD.
Can I convert UniPower (POWER) to cash?
Yes - With Coinstash you can convert your UniPower (POWER) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many UniPower (POWER) are there?
The current circulating supply of UniPower (POWER) is 0.
Is Coinstash a safe place to buy UniPower (POWER) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling UniPower (POWER) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.