"Unique Network’s Token Event for the Community — Diamond in the Rough", by Alexander Mitrovich

At Unique Network we had a great last few months. In October we closed the second round of pre-sale bringing the total funds raised so far to $16 million. On the 15th of November, powered by the support of our amazing Unique Community, Quartz won the parachain slot auction on the Kusama network.

We are now marching forward to prepare for a token event—Diamond in the Rough. Diamond in the Rough is meant for the core community and our supporters to obtain Unique Tokens (UNQ) ahead of Unique Network participating in the Polkadot Crowdloan in the first half of 2022.

We are excited to share with the community all the details we have so far about the token sale.

  • Dates: mid-December, 2021

  • Tokens Allocated for this event: 80,000,000 (Upto 8% of the total supply of 1 bln. UNQ)

  • Upto 5% for the Whitelisted Round and

  • Upto 3% for the Public Sale (First come, first served basis)

  • Token Price: USD 0.25

  • Vesting: 3 months linear vesting (every block) from TGE

  • Eligibility: residents of the USA and People’s Republic of China are not qualified to participate in the token sale. For restrictions in other countries, please refer to the FAQ.

Diamond in the Rough will be executed in two rounds.

1. Whitelisted Round

  1. Eligibility Criteria: this round is for whitelisted addresses that:

— have participated in the Quartz Crowdloan or

— have applied to be an Ambassador on or before Friday, 26th November, 10 a.m. UTC or

— own a Chelobrick or a Substrapunk at the time of snapshot on Monday, 6th December, 2021.

  1. We plan to allocate upto 5% of the total Token Supply to this round.

  2. You will need to follow a two-step process: Whitelisting and KYC.

We will carry out whitelist registration for three different groups separately:

  1. For the Quartz crowdloan participants. Wait for the official announcement next week.

  2. For the Applicants of the Ambassador Program. Look-out for the e-mail next week.

  3. For Chelobrick or Substrapunk owners. More details will be shared in the official announcement after 6th December, 2021.

2. Public Sale Round

  1. Criteria: anyone who is not eligible to be whitelisted can participate in the public sale round. This round will commence after the first round of token sale is over. It will be conducted on a first come first serve basis. So keep an eye out for the announcements.

  2. If the 5% allocation is filled in the first round for the Whitelisted Community, we will open up another 3% allocation for the public sale.

  3. You will need to complete KYC.

We will announce a KYC-link on our channels as soon as KYC opens.

Unique Network is designed to build NFT use cases of the future. We are just getting started. Diamond in the Rough is an early opportunity to be a part of our community!


FAQ


What is UNQ tokenomics?

Total Supply: 1,000,000,000 Token: UNQ Circulating Supply at Genesis: 67,770,563 Inflation: 10% in year 1, decreasing consistently to 4% by year 10


What will the UNQ be used for?

Unique Network Chain will soon become a proud scalable blockchain for composable NFTs with advanced economies on the Polkadot relay chain.

UNQ is the utility and governance token that will facilitate exchange of value between Users, Treasury and the Unique Protocol.

The dual roles of the UNQ token in this ecosystem are:

  1. Payment for Transactions:
  • NFT transactions

  • Smart contract transactions

  1. Staking:
  • App Promotion Staking

  • Reputation Staking

  • Vote Staking (Governance)

As the Unique Network ecosystem grows, the utility of the token will evolve.


Where will the sale take place?

We are going to do both rounds with TokenSoft's amazing platform.


When will the sale happen?

We are currently finalizing the legal details and will announce exact dates as soon as we are sure we are fully prepared.


What are accepted forms of payment?

DOT, USDT, USDC, ETH.


How to participate in the Whitelisted round?

  1. Please carefully read the eligibility criteria for participating in the whitelist and make sure you fall into one of the three announced groups

  2. Wait for the announcement or the email for your group

  3. Follow the steps indicated in this announcement or email

  4. Complete the KYC. Receiving an allocation in the round is dependent on completing a Know-Your-Customer (KYC) process before the sale starts. Completing it in advance will definitely help to streamline the process.

  5. Wait for the announcement of the link, go to our portal in TokenSoft and make a purchase.


How to participate in the Public Sale round? Since anyone can join this round—all you need to do is to complete the KYC. While we can’t guarantee that everyone will receive an allocation in, completing a Know-Your-Customer (KYC) process in advance will definitely help to streamline the process.

Wait for the announcement of the link, go to our portal in TokenSoft and make a purchase.


What are the KYC requirements?

The TokenSoft platform is where you’ll find all the relevant information about participation in the process.


Is my allocation guaranteed if I pass the KYC process?

Unfortunately, we can’t promise that.


About the whitelisting: is it important through which platform I’ve participated in the Quartz crowdloan?

No, it doesn't matter: we have your wallet address, to which we will transfer the tokens due for the Crowdloan.

You only need to add this exact wallet to the Polkadot.js Extension for the current sale. If you have any troubles with that—please contact the platform you used for the Crowdloan contribution.


Is there a limit on the number of participants?

The number of participants of the Whitelisted round is limited by the terms of the whitelisting. The number of participants of the Public Sale round is not limited.


What are the restricted jurisdictions?

Unfortunately, we cannot accept contributions from: USA, China, Afghanistan, Bosnia & Herzegovina, Central African Republic, Cuba, Democratic Republic of Congo, DPRK, Eritrea, Ethiopia, Guinea-Bissau, Iran, Iraq, Libya, Lebanon, Somalia, South Sudan, Syria, Uganda, Vanuatu, and Yemen.


How will the UNQ be distributed?

We aim to be a fully-deployed parachain on Polkadot during the first half of 2022. Soon after you will receive UNQ to the address you’ve participated in the sale with.


How does vesting work?

When you receive UNQ tokens, they are shown as a locked balance on your address, but this balance is unlocked in small portions in every block until they are fully unlocked. Vested tokens need to be claimed in order to be used. We will provide instructions on the claiming process later.


About Unique Network

At Unique Network, we're excited to be a part of building a more efficient, sustainable, scalable, and completely customizable experience for the continued future and growth of the NFT market. From onboarding artists and digital design projects to building freemium games integrated with advanced NFTs, we're creating an ecosystem that we can't wait for you to become a part of. Check out some of the collections of unique digital assets that already live on our Network to get a taste of what we offer.

Whether you're a game developer, fashion designer, gallery owner, art collector, or just a crypto-curious person, Unique Network is the destination and infrastructure created directly for you and your NFT journey.

Learn more about Unique Network

Website | GitHub | Telegram | Twitter | Discord | SubSocial

Unique Network is a scalable blockchain for composable NFTs with advanced economies — The NFT chain built for Polkadot and Kusama.

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