Evangelism Episode 39 | Dialogue with Unifi Protocol

"Evangelistic Jianghu" is an online live broadcast program with depth, height and warmth created by Evangelistic Blockchain. Together we will create, standardize and improve our own Jianghu.

The following is the interview transcript:

Host Orange: Hello everyone, good evening, I am Orange, the host of Preaching Jianghu. Today, we have invited Juliun Brabon to be the guest of Preaching Jianghu live studio.

Juliun Brabon is the founder of Unifi, a community developer and blockchain governance advocate, and the founder and CEO of Sesameseed, the largest staking community and development team on Tron, Ontology, and Harmony.

Today’s topic is: How Unifi Protocol builds a new bridge for cross-chain DeFi asset transactions.

Juliun Brabon: My name is Juliun Brabon, I'm the CEO of Unifi Protocol and Sesameseed. I co-founded Sesameseed in early 2018, which today is one of the largest communities on Tron, Ontology and Harmony. We are a very much decentralized team made of community members really, and have been driving the concept of community governance since inception.

Hello everyone, my name is Juliun Brabon, and I am the CEO of Unifi Protocol and Sesameseed. I co-founded Sesameseed with my colleagues in early 2018, and now it is one of the largest communities on TRON, Ontology, and Harmony. In fact, we are a very decentralized team composed of community members, and have been promoting the concept of community governance since its inception.

Host Orange: Q1: What are the major milestones Unifi Protocol has achieved so far & what are the future pipeline?

What are the major milestones that the Unifi Protocol has achieved so far?

Juliun Brabon: Well, we really started off earlier this year with a clear focus, to reassess the existing defi landscape, and find what's improvements could be made to existing contracts and infrastructure to provide more sustainable rewards to liquidity providers, and better cross chain interoperability to users. We developed all of our smart contracts in house from scratch with these goals in mind. This has really set us up for an interesting future.

Well, we had a clear focus earlier this year on re-evaluating the existing DeFi landscape and figuring out what improvements could be made to existing contracts and infrastructure to provide more sustainable returns for liquidity providers and better cross-chain interoperability for users. All of our smart contracts were built from scratch with these goals in mind. This really sets us up for an interesting future.

We successfully completed a capital raise from a diverse group of investors. We have already deployed our fully audited smart contracts on Tron, Ontology and Harmony. We've set ourselves up for rapid growth for our future, and currently in negotiations with a few more exciting projects and blockchains.

We have successfully raised funds from a diverse group of investors. We have deployed our fully audited smart contracts on TRON, Ontology, and Harmony. We are well positioned for rapid growth in the future and are currently in talks with several more exciting projects and blockchains.

We plan to add on many additional blockchains including Ethereum. Deploy our mainnet $UNFI token, Launch our cross chain Governance Ecosystem, and Launch our Cross Chain trading / functionality.

We plan to add more blockchains, including Ethereum, deploy our UNFI token on the mainnet, launch our cross-chain governance ecosystem and launch our cross-chain transaction capabilities.

Moderator Orange: Q2: Unifi's token economic model involves four types of tokens: UP, uL, SEED and UNFI. What are the roles they play in the protocol?

Unifi's token economic model involves four tokens: UP, uL, SEED and Unifi token UNFI. What role do these four tokens play in Unifi's token economic model?

Juliun Brabon： UNFI Token — (Global Governance) The global governance token for the entire multi-chain protocol and the public face of the Unifi Protocol to be listed on major exchanges. This is the token that brings the entire Unifi ecosystem together and unites all Unifi users behind incentivized community governance. This will come online soon and I think it will be different than anyone has ever seen before. It will really excite the community, we believe.

UNFI Token — (Unified Governance Token): The unified governance token for the entire multi-chain protocol and the public face of the Unifi Protocol, will be available on major exchanges. This is the token that brings the entire Unifi ecosystem together and unites all Unifi users behind incentivized community governance. The UNFI token will be available soon and I think it will be unprecedented. We believe that its appearance will really excite the community.

UP Token — (Unlimited Potential Token) The liquidity mining token earned by liquidity providers. UP earns a share of fees from every trade in every pool on the platform. UP also provides exclusive access to protocol specific opportunities to acquire UNFI.

UP Token — (Unlimited Potential Token): Liquidity mining token earned by liquidity providers. UP receives a portion of the fees from every trade in every pool on the platform. UP also provides exclusive access to protocol-specific opportunities to earn UNFI.

uL Tokens — (Liquidity Token)This classification of token can take many forms, as it is a representation of the liquidity funds provided by a user to a particular pool. uL tokens allow liquidity providers to claim the UP tokens they have mined.

uL Tokens — (Liquidity Tokens): This category of tokens can take many forms and represents a user providing liquidity to a particular pool. uL tokens allow liquidity providers to claim the UP they have mined.

SEED — (Rewards Token) SEED is a multi-chain staking rewards token, generated by Sesameseed's node rewards on multiple blockchains. Traders earn SEED as a loyalty bonus. SEED automatically stakes on multiple blockchains and compounds staking rewards daily.

SEED — (Reward Token): SEED is a staking reward distributed by Sesameseed for operating nodes on multiple blockchains. Trading users can earn SEED as a loyalty benefit. SEED is automatically staked on multiple blockchains and synthetic products every day to earn rewards.

Moderator Orange: Q3: How can ordinary users participate in UNIFI mining?

How can ordinary users participate in UNIFI mining?

Juliun Brabon: Oh well I think I just mentioned that. Mining UP now is the best way to prepare for the UNFI governance model launch. All you need to do to mine UP is to take the tokens that are sitting in your wallet doing nothing and deposit them as liquidity on any blockchain we're on. That's it! This is because UP will be able to migrate into UNFI. The only other options would be to buy the tokens, and if everyone gets as excited about UNFI as we are, who knows what that will do to the price...

There will actually be more information about UNFI mining coming out in the next week or two. I can't wait to share what we've come up with for this token!

Oh, I think I mentioned this a little while ago. Mining UP right now is the best way to prepare for the launch of the UNFI governance model. All you need to do to mine UP is to extract the tokens in your wallet, do nothing, and deposit them as liquidity on any blockchain we use. That's it! And in the future UP will be able to be converted to UNFI. The only other option is to buy it from the market. If everyone is looking forward to UNFI like we are and is excited about it, then what do you think the price will be in the future?

There will be more information coming out about UNFI mining in the next week or two. I can’t wait to share with you what we have in store for this token!

Moderator Orange: Q4: What is the specific governance mechanism of UNFI governance token?

What is the specific governance mechanism of UNFI governance tokens?

Juliun Brabon: This hasn't been released yet. The basic idea is that the user can take some voluntary actions with their UNFI and over time it earns the right to vote on proposals, and even create those proposals. It will include a token burn mechanism for UP, which will of course make the redeem value of UP increase at a faster rate, potentially creating better yield farming.

But I can say this about the full version of the governance model -no other platform in Defi is doing what we have planned. It is something we think is completely revolutionary.

UNFI's governance mechanism has not yet been released. The basic idea that can be shared is that users can do some voluntary activities with UNFI, and over time, they can gain the right to vote on proposals or even create proposals. This will include a destruction mechanism for UP, which will increase the redemption value of UP at a faster rate, making it possible to achieve higher yields.

But I can say that regarding the full version of the governance model, no other Defi platform can do what we plan, we are completely revolutionary.

Moderator Orange: Q5: When will UNFI make a public offering and when will it go online trading?

When will UNFI conduct public offering? When is it planned to be put online for trading?

Juliun Brabon: If you take a look at our roadmap which was just released in our UNFI Litepaper and available on our website, you will see that we have a very aggressive plan and everything is for this quarter. So you won't have to wait long. I would say join our channel and stay up to date with our announcements over the next few weeks...

If you take a look at the roadmap just published in our UNFI Litepaper (available on the official website), you will see that we have a very aggressive plan and everything is ready for this quarter. So you don’t have to wait long. Expect to join our various channels and stay tuned for official announcements in the coming weeks...

Moderator Chengzi: Q6: Practitioners in the blockchain industry are very concerned about the protection of personal privacy. May I ask what measures Unifi has taken to protect personal privacy from leakage?

Practitioners in the blockchain industry are very concerned about the protection of personal privacy. What measures has Unifi taken to ensure that personal privacy is not leaked?

Juliun Brabon: Oh well that's an easy one. We don't store any personal data of our users. Everything is on chain and completely governed by smart contracts. This is something that is very important to us. In fact, even our custom staking wallet that we designed for our SEED token is non-custodial and does not store any passwords or user information on a centralized server anywhere.

This one is pretty simple. We don’t store any user personal data. Everything happens on-chain and is managed entirely by smart contracts. This is very important to us. In fact, even our custom staking wallet for SEED tokens is non-custodial, and we don’t store any passwords or user information on any central servers anywhere.

So we are a 100% on chain solution, though Unifiprotocol.com is a nice front end which we encourage users to access for ease of use, these contracts can actually be called directly and interacted with if you so choose. Unifi provides some of the very best protection of user data because it does not collect any personally identifiable information. There is no need to establish an account with Unifi, and no login or personal information is required. The user can access their choice of supported wallet and use that to interact with Unifi in the same way they would interact directly with the blockchain.

We have a 100% on-chain solution, and while Unifiprotocol.com is a great front end, and we encourage users to visit the website for ease of use, these smart contracts are actually directly callable if you choose to interact with them directly. Unifi offers some very good user data protection features because it does not collect any personally identifiable information. There is no need to set up an account with Unifi, and no personal information needs to be registered. Users can access the supported wallet of their choice and use it to interact with Unifi just like interacting directly with the blockchain.

Moderator Orange: Q7: At present, UNIFI has launched several versions of uTrade, but in the case of insufficient liquidity in the initial stage of the new uTrade, the trading slide point is very big. May I ask what measures will you take?

Unifi has now launched several versions of the uTrade platform, but in the early stages of the new platform, when liquidity is not very sufficient, transaction slippage is very large. Will the official take any measures in this regard?

Juliun Brabon: We try to fund a minimum level of liquidity when possible on any new pairs. That being said, we always advise that users be aware of the slippage to ensure they make the trade they want in the amounts they want. Ultimately, our efforts to obtain more liquidity will alleviate this concern. And we think it is only a matter of time until people realize the benefits of providing liquidity on Unifi products. We keep hearing of other projects steal people's funds, and it's sad to see. Eventually they will realize that Unifi is a lot more sustainable and reliable.

We try to provide a minimum level of liquidity funding for any new trading pair when possible. That said, we always advise users that they should be aware of this gap to ensure they can trade in the amount they want. Ultimately, our efforts to obtain more liquidity will alleviate this concern. We think that sooner or later, people will realize the benefits of providing liquidity for Unifi products. We have been hearing about some projects stealing people's funds, which is sad. Eventually, people will realize that Unifi is more sustainable and reliable.

Host Orange: Q8: Recently, uTrade platform has launched multiple language versions. May I ask what kind of layout UNIFI has in the global community at present and what kind of global community development plan will UNIFI have in the future?

Recently, the uTrade platform has launched versions in multiple languages. What kind of layout does unifi currently have in the global community? What kind of global community development plans does it have in the future?

Juliun Brabon: Unifi has a global marketing strategy, as you can see. That's why I'm honored to be here with you all for this AMA. This is just the beginning. Once we launch our UNFI token this quarter, I think it will become clear just how Unifi plans to incorporate a global community into its governance plan.

Yes, as you can see, Unifi has a global marketing strategy. That's why I'm honored to be here with you to participate in the AMA. But this is just the beginning. Once we launch the UNFI token this quarter, I think Unifi's plan to incorporate the global community into governance will become clear.

Moderator Chengzi: Q9: There are many people in China who are interested in UNIFI projects. Now the number of Chinese communities is approaching 20,000. How do you see the future development prospects of UNIFI in China?

There are many people in China who are interested in the Unifi project. Now the number of community members in China has reached nearly 20,000. What do you think about the future development prospects of Unifi in China?

Juliun Brabon: We are blessed to have amazing Chinese partners and investors who have given us invaluable advice and guidance when it has come to capturing the interest of the Chinese audience. It's wonderful to have investors who see the true potential of Unifi and want to make that a reality, so they are constantly giving us feedback on how best to improve our service. I think the Chinese community will continue to play an important role in our development.

We are fortunate to have amazing Chinese partners and investors who have given us valuable advice and guidance in attracting the interest of the Chinese audience. It is great that there are investors who see the true potential of Unifi and want to make it a reality, so they are constantly giving us feedback on how to best improve our service. I think the Chinese community will continue to play an important role in our development. .

Host Orange: Okay, this live broadcast ends here. Thank you Juliun Brabon for sharing Unifi Protocol. We look forward to the dark horse coming! Thank you Qun TV and Beep for supporting this live broadcast! We also thank the following media friends for their strong support for this AMA! See you next time!