Unicly

From CryptoWiki

Basics

"A decentralized NFT fractionalization platform popular with investors, artists, yield farmers, and defi traders. On Unicly Protocol, users bid for NFTs locked within its vaults and can even stake tokens to unlock coveted NFTs."

History

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].

Implementations

How it works

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Privacy Method

Compliance

Oracle Method

Their Other Projects

Jenny DAO

"Jenny DAO is a galaxy brain play because it basically created a power user, from day one, for the new NFT fractionation protocol, Unicly. This is the first time I remember a team creating a power user for their protocol and I think it’s an incredible way to bootstrap usage (although Unicly did not need it because there was already significant activity on the protocol, still a great move). A so-called Metaverse DAO, the recently-launched project is concerned with the purchase and sale of NFTs, which can be locked into vaults controlled by Unicly Protocol’s smart contract and sold to the highest bidder.

So, how does Jenny DAO work? Well, the first thing to note is that community members have the power. The power to decide which NFTs to purchase and when, and to manage these assets through ownership of the native Jenny token. Providing enough Jenny token holders want to “release” an NFT, the DAO can instruct the smart contract unlock the vault, whereupon it will be held in a multisig wallet controlled by key members.

With Jenny tokens representative of a member’s NFT ownership level, token-holders can also freely “cash out” at their leisure via an automated market maker (AMM). To this end, NFTs will enjoy better liquidity and more users will have an opportunity to access the thriving NFT market.

Of course, community members have further responsibilities. These include estimating the value of NFTs, settling discrepancies between the value of Jenny tokens and that of NFTs, participating in NFT auctions, and assessing the worthiness of incoming bids for NFTs in the collection. It’s a tough job, but the upside makes it worthwhile.

Jenny DAO has already started acquiring high-end NFTs, including a collaboration between Grammy-nominated DJ Steve Aoki and 3LAU, with visuals by Peiter Hergert. Ordinarily, such a collectible would be purchased by a whale and that would be the end of it. Instead, it has been commissioned by a decentralized autonomous organization and will belong to the community."

Governance

DAO

Admin Key

Treasury

Upgrades

Roadmap

  • Can be found [Insert link here].

Audits

Bugs/Exploits

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].

Funding

Partners

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