UNIX (unielon）Project Analysis
1. Research Institute Review
This project, with a total token supply of 10 billion, has 32,979 holding addresses, a liquidity pool of 5.5 million Doge (worth 550,000 USD), a market capitalization of 20 million USD, and a 24-hour trading volume of 600,000 USD. Deployed on July 24, 2023, the project has seen a surge in daily transaction numbers on the Dogecoin chain due to the increasing minting of DRC-20 standard tokens, surpassing historical highs and at times even exceeding Bitcoin and Litecoin. The speculative frenzy around the BRC-20 token standard is gradually spreading to the Dogecoin chain.
2. Recent Developments
Unielon, currently the most popular DRC token, is an open-source Chrome extension wallet designed specifically for Dogecoin, Cardinals, and DRC-20 tokens. Unielon's token, UNIX, is comparable to sats on the BRC20 standard.
3.Project Introduction
UNIX is the first UTXO-based Dogecoin exchange that supports transactions between inscriptions.
4.Token Utility
None.
5.Token Economic Model
With a total token supply of 10 billion, the tokens are 100% fairly minted.
6.Investment Institutions
None.
7.Community
Twitter has 35,000 followers, Telegram has 4,000 members, and Discord has 21,000 members. Telegram and Discord groups are active, with some buzz on Twitter.
8.Future Outlook
Unielon, being the hottest DRC token, offers a seamless experience for users as an open-source Chrome extension wallet designed for Dogecoin, Cardinals, and DRC-20 tokens. The recent open-sourcing of Unielon index code by OKX is expected to attract market attention. For the long-term development of the BRC-20 standard, continuous improvement of the DeFi ecosystem, such as introducing stablecoins and oracles, is necessary. However, high gas fees directly limit new user participation, and the DRC-20 standard's fast transaction speed and low transaction costs make it more favorable for application development. It is anticipated to garner market attention soon.
9. Project Highlights
As users continue to mint DRC-20 standard tokens on the Dogecoin chain, daily transaction numbers have surged, often surpassing Bitcoin and Litecoin. The BRC-20 token standard's speculative craze is gradually spreading to the Dogecoin chain. Additionally, only Dogecoin, besides BTC and LTC, can achieve the UTXO model.
10. Special economic model
Buy and sell fees are both 3%.
Basic Information
Project Introduction:
UNIX is the first Dogecoin exchange based on the UTXO model, facilitating transactions between inscriptions.
Token Details:
- Token Full Name: Unielon
- Token Symbol: UNIX
- Project Website: https://unielon.com/drc20/UNIX
- Project Documentation: https://unielon.gitbook.io/unielon/unielon/introduction
- Blockchain Explorer: https://drc20.org/tx/3cc0e82a2d14da8ff8457319412d82e5fa51587d184f83da618929ea0dd04eaa
- Liquidity Inquiry: https://unielon.com/token/UNIX
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CoinW Institute
2023/12/12