Unicly
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
- Built on: Ethereum
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
- Bug bounty program can be found [insert here].
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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