Cryptocurrency and the world of decentralised finance (DeFi) is probably still a mystery to most of us.
But the B:HIVE is the home of one the world’s leading disruptors when it comes to unlocking the value of digital assets. Unvest is a cross-chain DeFi protocol for trading unvested tokens and it has attracted investors and traders from throughout the world.
It’s the brainchild of Kiran Matthews. You may have seen him, often sporting a wide brim hat and a growing amount of ink, hanging out at Friday drinks before lockdown.
It all started when the majority of his early investment in a crypto project was locked for a two-year period. When those tokens increased significantly in value, Kiran was a tad annoyed he couldn’t cash out some of his gain.
So back in April this year he invented a platform to change that. Unvest’s first product is “Liquid Vesting Tokens” or LVTs, that means projects who distribute using Unvest’s protocol can offer their early investors the option to realise gains early by selling the LVT within the vesting period. The LVTs can then be redeemed 1:1 at the end of the vesting period, or be traded an unlimited number of times securely on-chain.
As we have all seen, crypto like Bitcoin, Ethereum and Dogecoin have huge surges and crashes – Doge did on the back of a flippant remark by Elon Musk.
So how does Unvest make any money? Unvest’s protocol takes a 2.5% fee every time an LVT is transferred between wallets. In the future these rewards will also be made available to the Unvest community who will be able to stake their UNV holdings to receive a share of the fees accumulated by the various projects using Unvest’s services.
Unvest raised funds from international investors including GD10 Ventures and x21 Digital, so COO James Rohloff says it can quietly grow its product offering over the next few years without having to be too concerned by the high volatility of the crypto industry.
Suffice it to say Unvest intends to be a one stop powerhouse to assist the launch of new crypto products. And from a platform that kicked off at the beginning of September it has shown plenty of muscle. According to CoinMarketCap.com, the price of Unvest (UNV) coin is sitting at around US$0.09, up over 300% from its listing price. UNV coins can be bought and sold on exchanges such as Uniswap and Pancakeswap.
To learn more click here.