Unifi Protocol is Building a Blockchain!!
We are so incredibly excited to announce the next phase in our mission of building a sustainable blockchain economy:
Building a sustainable blockchain!
Introducing “Stablechain” – A New Class of Blockchain
Imagine a blockchain with no inflationary gas token and predictable transaction costs, built on the principle of economic sustainability. In fact, imagine a blockchain with no native gas token at all.
You haven’t seen anything like this before.
This is where blockchain technology is headed. But before we get to where we’re headed, perhaps it would be best to first explain what got us to this point.
What if Blockchain Adoption Didn’t Mean Crypto Adoption?
Unifi Protocol has been building in this space for over 4 years. We see a problem with the current state of the crypto industry. There is absolutely no incentive structure in place for true blockchain adoption. Isn’t that why we are all here?
Unifi Protocol is proposing a radical shift in thinking about blockchain economics. Simply put, the current trajectory of crypto is unsustainable. Inflating the supply of a gas token to increase demand for that token flies in the face of the laws of supply and demand! Crypto printer go brrr…
Blockchain has a Crypto Problem
Inflationary tokenomics is problem #1. But let’s assume that we are wrong and somehow demand for a blockchain gas token will keep up with its ever-inflating supply.
There’s another problem. These blockchain gas tokens behave more like commodities than currencies, fluctuating wildly in price. A business must incorporate a volatile commodity in order to utilize blockchain technology. Businesses relying on a volatile commodity suffer from unpredictable costs to operate on a blockchain. Crypto “tokenomics” is actually hindering blockchain adoption!
“The key to a successful business is unpredictable costs.” – No One Ever
Building a Blockchain, Not Another Cryptocurrency
Unifi Protocol is solving blockchain’s crypto problem(s) by ripping apart the core tenets of the current blockchain industry.
We are literally re-thinking what a blockchain should be. First and foremost, it is a network. Not another cryptocurrency.
Transaction costs on our blockchain will be paid in stablecoin. A stablecoin as our gas token removes transaction volatility and inflation. We are creating the next class of blockchain, built on the principle of economic sustainability.
To be clear, we are not creating a new stablecoin – we are building a blockchain that utilizes a stablecoin. Unifi the company has no incentive to see more or less of that stablecoin in existence, but rather our incentive is for our blockchain to be used. A blockchain-first model prioritizes network utilization (adoption) over crypto valuation (tokenomics).
It’s Time for a Blockchain Revolution
Current crypto tactics are hindering blockchain adoption. Inflationary gas tokens behaving like commodities expose businesses to unpredictable operating costs.
Consider a business thinking of building in the blockchain space. Would their business model be more successful if their annual budget for transaction costs could be accurately calculated in advance, not impacted by volatility in the market? Would more businesses be incentivized to start using blockchain technology if the entire experience was so seamless for their users there wouldn’t even be a need to download wallets? We think so.
Let’s make blockchain a solution to modern finance. It’s time for a blockchain revolution.
It’s time for Stablechain, by Unifi Protocol.
About Unifi Protocol
Unifi Protocol is a community-founded organization, with the drive, passion, and ability to be
disruptive in the most disruptive industry of our lifetimes. We believe blockchain technology has a
crypto problem, so we’re looking to challenge the standards of the industry and build a more
economically sustainable blockchain without creating a native currency.
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