UNQ Q&A Series: Staking, Trading, and other vital info
UNQ Q&A Series: Is UNQ token staking going to be available? Why aren’t you implementing NFT staking? Why aren’t you announcing some of the exchanges that are listing the UNQ token? As well as other vital info.
In today’s article, we want to share with you some important information about what we have in place, what we’re planning for the future, why this makes sense for us right now, and why certain possibly perceived negatives are actually positives for the UNQ ecosystem.
Everyone who has done serious and extensive research on our projects, as well as looked at our Tokenomics, understands that we are in it for the long haul, and all of our choices, adjustments, and updates reflect this.
We’re ecstatic to see flippers offering us suggestions and input, as well as conveying their frustration that they can’t execute a rapid flip and that our project isn’t on the edge of a rug pull — which is normally the projects they feel “comfortable” being a part of.
But we’re not passing judgment, and we’re not abandoning anybody; we’re just stating that none of the existing or forthcoming projects are fit for flippers!
We are confident in declaring that everyone who is with us may feel at ease for being with us so early, and we are really thrilled not just about what is coming up in the next few days till New Year’s Eve, but also for 2022 and beyond!
Enough with the preamble; let’s get to the points:
Question: Is UNQ token staking going to be available?
Answer: Yes, in a nutshell: we will have staking, DEX, and pools accessible. We’ve teamed up with one of the top Solana projects to make this possible, so look for an announcement early next week.
Question: Why are you not allowing NFT staking?
Answer: We understand; there are a few really appealing projects right now that are giving project token farming, royalty sharing, and other incentives for staking their NFTs.
While we are not striking the opportunity to encourage the staking of NFTs in any way, the current lack of regulation and playing around the definition of securities, as well as anything within this gray area, cannot justify us taking any risks that could end up threatening our core principles and main projects, and it is also not a priority for us to satisfy a small minority with temporary rewards, which will not help us boost the project.
We can allocate these same resources other projects are using for much more secure offerings, and we are doing it.
We’ll surely be revisiting this subject in the future; we simply wanted to share our present position and comment on it for you at the moment.
Question: Why aren’t you announcing some of the exchanges that are listing the UNQ token?
Answer: To put it simply, if you don’t see us advertising our listing on some exchanges and they boast about it, there’s a reason!
There are always risks when trading on any exchange, but we strongly discourage trading on platforms that list without our approval, such as those who are not interested in mutual campaigns, didn’t even say hello to us, and what’s left for not even supporting an order book…
It is obvious that such exchanges may have liquidity concerns, and pumps and dumps may occur, which we do not want to endorse or publicize.
Please use caution while deciding where to trade!
Do you have any other questions? Please feel free to ask them, and we can start producing such regular articles for you to keep you up to date.
With this, we also wish you a joyful Holiday season and an exciting arrival of 2022!
P.S.: Don’t forget to enter our Special Edition Sweepstakes for a chance to win some sweet $USDC and $UNQ prizes: