An overview
Are you one of those people who want to buy some ethereum cryptocurrency and want to hold onto it for some time and want to know where to hold them best, what is the best platform to hold the ethereum for a long period of time. Well, you are at the right spot because the Token Union have brought an amazing platform where you can store Ether or ERC 20 and can actually make some more Ethereum crypto just by holding them onto your account. Sounds thrilling, doesn't? Well, as a matter of fact, it is thrilling. Let's get deep into the structure and processes of this project and find out if the project has some potential in it or not.
Is this platform really a better way to store crypto?
• A possibility to earn rewards – users registered on the platform can transfer and hold the tokens in their account and they will get consistent crypto rewards on the token they have stored in their account. All the users will have to do is to sign up, fill the details, read the terms and policies and transfer some ether in the account and find out if they will get rewards which they probably will.
• How are the rewards distributed – To hold some tokens, the user has to agree to pay some amount as the subscription or you can say holding fee and also on the time when the token holder withdraw some ethers, so what happens after that the amount which the company received from the token? That amount received from the user is then distributed by a percentage to all the other token holders as the reward. For proper distribution, they have created a tool called Total network value.
Moreover, the received awards will be converted into Union tokens which then be able to hold by the contractors. As an example, if a user receives 1,000 UNI on the reward and the user holds 60 percentage of BAT and the 40 percentage of OMG, so the 600 UNI of BAT and the 400 of the UNI worth of OMG will be automatically deposited back to the Holding Contract, and that increases the user’s underlying size for the position.
• A decentralized platform – The platform operates completely independent and use the secure system to transact and withdrawal options for its users, so there can’t be any hurdles or security issue all the way along.
How does the system work?
The system is actually quite simple and works in 4 defined steps,
First the user has to deposit ethereum into token union account by simply connecting on the token union web, next to withdraw ether crypto the user will transfer amount from his/her old wallet to union coin and the currency will be turned into UNI tokens in their holding contact, then the UNI token will be the expended in the withdrawal fee as proportionally among all the other UNI token holders via Reward DAO process.
This platform has provided some legit ways to grow your ether crypto just by holding them onto the platform and you can withdraw them anytime by just paying a small amount of fee, much smaller transaction fees than other crypto holding platform.
You can seamlessly view your account details anytime you want and some of the best tracking techniques the Union coin has brought for the users so that the UNI holders will not have to face any issue regarding the tracking, transfer or withdrawal of the token to other tokens platform available with the token union platform.
For more information, please visit
Website :http://tokenunion.io/
Whitepaper: https://docsend.com/view/hj4tdrk
Facebook: https://www.facebook.com/tokenunion/
Twitter: https://twitter.com/TokenUnionIO
Telegram: https://t.me/tokenunion
Author details
Bitcointalk Username :- Cryptopal2
https://bitcointalk.org/index.php?action=profile;u=1262075
ETH:- 0xb1480135F6b4eacFf8286da31d6D377626FC52ac