What is UNICOIN? Whitepaper V 1.0

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UNICOIN is a new token launching on Hive-engine. Created by @cryptounicorn420
The information here is subject to change and likely will be adjusted. . Details are still being worked on and improvements will be made as needed. Please by all means leave comments with your suggestions opinions etc.

Pre Sale Day April 20th 2025!

I plan to do deeper dives of each section in upcoming posts.

Each UNICOIN is backed by Hive, HP and some small swap.hive holdings. New tokens will only be minted if they are backed (mostly backed by HP)

This bot is not yet active and the numbers are for illustrative purposes only.
Users can mine UNICOIN by delegating 25 HP to @uni-coin and using the tip command. (TBA) The person sending the tip will receive .004 each call. The person receiving the tip will receive .001 (that number may be adjusted)

25 HP delegation 1 call per day
50 HP delegation 2 calls per day
100 HP delegation 4 calls per day
200 HP delegation 8 calls per day
500 HP delegation 20 calls per day

BONUS for delegators. Every month the top 10 delegators will be added to the curation list for the following month. Upvotes are not guaranteed and there will be stipulations (rep score 45 or above, not on blacklist and post quality content, etc). More on that in a future post. I would love to open it up to beyond the top 10 moving forward but I think that's a good number to start with.

Please note this is not a paid to upvote service. This is a bonus, a privilege.

Alternate /additional Distribution system. Giveaway partnerships.

How would this work? Since this account is pre funded with 500 HP there is leeway to mint tokens for promotions and giveaways. We are actively looking for giveaway partners to collab with.

Giveaway partners will be supplied with UNICOIN to give away as long as they put @uni-coin as a 50% beneficiary to the giveaway posts. If your posts earn 2 HP or more on average , and you have a rep score at or above 45, you could qualify as a giveaway partner.

More info on the giveaway partnerships found here Giveaway template can be provided.

Ideally giveaways partners will do giveaways regularly but one time and occasional giveaway partnerships will also be considered.

This of course can be in addition to the tip bot as a distribution mechanism or in place of it if the bot is too much trouble to work with. We just need partners willing to work with us. This is a win-win situation.

Regular giveaway partners will also be added to the upvote list on a case by case basis, depending on availability and other factors. Regular giveaway partners in this context are folks who do 3 or more giveaways every month consistently. Upvotes are not guaranteed and users must not be on HW blacklist. Upvotes are a bonus can change or be discontinued at any time. This is not a pay to upvote service.

These partnerships/collabs don't necessarily have to be giveaway posts. I have other ideas as well. This is just a simple way to start.

HSBI bonuses also planned for partner/collabs.

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Buybacks at 1 swap.hive +
Every Month (or in the future quarterly/semi annually) 5% +of the circulating supply of UNICOIN tokens will be bought back via placing a buy order on hive-engine /tribaldex . The tokens will be bought back at a minimum of 1.01 swap.hive so even though they are pegged to Hive they are worth sightly more. The goal is to slowly increase the buy back amount both in tokens purchased and price every month/quarter. I am still working on how often to do the buybacks. That will likely be adjusted in time.

That said there is always a way "out" if you hodl more than 50 tokens and you want to sell them outside the buyback period or after the tokens for that period were bought back, send me a message. I will buy them back at 1 Hive/swap.hive or more. I may just need time to power down as most assets are in HP.

Every token is backed by HP and no one will get less than 1 Hive/swap.hive from this or any associated accounts -unless the user puts their tokens on sale on the markets for less than 1 hive as I will likely buy those if/when I see them.

This price increase for buybacks is paid from curation, post, liquidity pools , delegations to other tokens , interest earned and trading earnings-basically every way you can earn on Hive. it will primarily be post/curation earnings.

The buy backs will begin 3 months after the launch. They could begin as soon as two months after depending on how the pre sale goes.

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Pre sale bonus. For every 10 tokens purchased during the pre sale user will get 1 HSBI unit.

The pre sale will be limited and spaced out as every coin needs to be backed. 500 tokens will be released first , then the funds from tokens sold will be powered up and new tokens minted and then sold. ***There will be a max total of 2000 tokens sold during the pre sale to be eligible for the HSBI bonus.

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There is also a special surprise bonus for everyone who participates in the pre-sale.

You can also purchase the tokens with Hive, just let me know in the comments how many you wish to purchase and send your hive to @uni-coin limit 100 tokens per account during the pre sale to qualify for the HSBI bonus- max 10 HSBI bonus per account. You can buy more tokens than that if you wish but they won't qualify for the bonus.

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Max supply- 1 million tokens

Every coin is backed by HP . Some will be minted and used for promotions, partnerships etc. I, @cryptounicorn420 have already funded this account with several hundred HP to get things going.

The following accounts are official accounts that may hold some liquid Hive /Swap.hive. More accounts will likely be added later

uni-coin
unicoin.market
unicoin.hsbi

There is no pre mining but I will eventually mint and give my main account 500 (whatever starting HP balance is-right now it's 500 but I may add a little more) tokens which is the amount of HP I started this account with as the HP grows. This will be done over time and with earnings.

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Recycle and Burn

Tokens that are bought back will be recycled and put back into the payout pool for the tip bot/collabs/partnerships and giveaways. Some tokens will be burned during burn posts and other burn events. Don't expect much burning in the first few months, but it could happen.

Burning the tokens adds a deflationary aspect to the token paired with limited supply makes it sustainable.

I plan to buy 100 tokens for my personal account during the pre sale. A portion of these tokens will be bought back at 1 Hive each to fund the payout pool for the tip bot. This seems like the easiest way to do this while being fully transparent as these will be blockchain transactions.

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Ongoing HSBI bonus exchanges

There is a @unicoin.hsbi account. I will start the funds for it with some of my personal assets.

How it works

This account is funded with earnings mostly, from posts and curation (after the initial funding).

Users can send 5 UNICOIN and receive 6 HSBI units. This a 20% bonus. These transactions for now are done manually. When exchanges for unicoin and HSBI are available that information will be in a post. Users need to comment first before sending the UNICOIN. This is because there are limited funds and I don't want people sending their coins only to be refunded if there are no funds to cover the HSBI

If anyone knows of a script that can automate this, please let me know.

Users must send the UNICOIN in increments of 5 (ie 5, 10, 15 etc)to get the bonus. That's just how the math works. There are no partial HSBI units

Most of the UNICOIN sent to this account will be burned, a portion will be sent to the tip bot or other methods for redistribution. These amounts are not set and will vary based on supply/demand

This HSBI exchange will first launch about a month after the pre sale. After the initial funding , it will be funded by earnings and will be a first come first serve type of service.

I may open it up during a set time say for instance the first week of the month this service will be available. It may also be "random" at first. This may be necessary to keep it organized until I can figure out how to automate it.

I am still working on these details.

The initial budget for this will be 120 Hive-assuming all 2k tokens sell at the pre sale . If not this amount may be scaled down . The balance may be divided up over two months (ie 60 Hive each month).

Again this is all subject to change but two things that will never change- 1. There will always be token buybacks for more than 1 hive/swap.hive and 2. There will always be a way to get HSBI (as long as the program exists) at a bonus as explained above. The frequency and the price of the buybacks and HSBI bonuses will depend on earnings.

Yes the buybacks and HSBI exchange are limited. This is to keep funds in this account powered up and earning so things like the tip bot distributions and buybacks are sustainable.

I know this was a long read. Deep dives are scheduled to post in the next two weeks ,which explain different aspects in more detail. Consider this a rough draft and expect lots of changes.

Thanks so much for reading.

** EDIT**.
A couple of people have asked about the tip bot, The first thing was the ratio -would folks prefer the sender gets .003. and the receiver get .002? Something to discuss. Also the amount is calculated based on APR (around 7.3% total if folks use the bot everyday). Unlike other tip tokens each UNICOIN is backed by Hive so it's not hyper inflationary and I can't just mint them like mad unless they are backed up.