A Diversified Stablecoin Pegged to Bitcoin?
On the 22nd of November, my friend Rostik Rusev reached out to me and told me about the Unity Coin project. Rostik recently joined the team as the COO and asked me if I would check out the wallet and do a review of the project. I jumped on a call with Rostik and the CEO Ali Camarata and after about 10 minutes I was stoked to do a review of Unity Coin.
All of the profits after costs will go to charity! Unity Coin is a Not for Profit.
Unity is the product of years of experience and expertise in technology, charity, and blockchain.
Having completed 18 months of Alpha and Beta testing of our core automated diversification algorithm we’ve Soft Launched on October 21st, 2019.
My Video Review of Unity Coin.
What is Unity Coin?
In my opinion, Unity Coin is a way to hedge our Bitcoin using an automated diversification model. When Bitcoin drops in USD value the automation puts our funds in USDT in order to maintain USD value. Then when the system senses that the bottom is in, it will buy back BTC which increases our Bitcoin. When BTC pumps the system will put more there to take advantage of the USD increase. This is an oversimplified example but it is essentially what is happening behind the scenes. Watch my video above to see my results after two weeks.
“Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it.” - Einstein
How to Set Up Your Unity Coin Wallet.
The Unity Wallet is built on Waves so you can use it inside the DEX. It takes a couple of steps. The platform is still in Beta and the full launch will be during the first quarter of 2020.
Create wallet at, my.unity.sg
Copy your Backup Seed Phrase
Go to, dex.wavesplatform.com
Choose import, and use your BSP (Backup Seed Phrase)
Deposit BTC inside the Waves DEX
Click Exchange and search "UNITY / BTC"
Purchase Unity Coin. They will automatically show up in your Unity wallet.
If You would like more information join me in the Unity Coin Telegram