UniLend Project Updates #1

To track UniLend’s progress on our mission to “Unlock the Full Potential of Decentralized Finance”, we invite you to read our Project Updates covering all areas of our progress over the past month.

During this time the UniLend team hit every target we hoped to achieve and we believe the future will hold much more of the same. We now would like to share an overall comprehensive list of everything we have accomplished within October 2020.

We have gone to market guns ablaze; it seems that everyone knows our name now. Our UniLend Legion ambassador program launched with a barrage of interest, our public sale was an overwhelming success, and we’ve already secured several strong listings with several notable CEXs & DEXs.

This is just a taste of the beginning, there is so much more to come!

Major Highlights

UniLend Fundraising Rounds Attracted a Plethora of Media Coverage

Our fundraising rounds were officially completed at the end of September, having raised $3.1m from a wide range of heavy hitting industry VCs, blockchain-focused companies and prominent personalities.

The media was quick to pick it up! It’s an honor to see UniLend driving the Indian blockchain narrative through mainstream media and industry-focused outlets alike, including Nasdaq, Yahoo, CoinDesk etc.

View the coverage here:
Nasdaq
Yahoo News
CoinDesk
Crypto Briefing
Coin Crunch
Crypto News Hindi
Chain News

We’re thrilled to see our vision for an inclusive DeFi landscape resonate with so many in the space!

UniLend Public Sale Sold Out In 30 Seconds!

Oct 14: 🌍 After narrowing down our applicants via Chainlink VRF & KYC, whitelisted users had access to our smart contract contribution phase.

🥳 Congratulations to those who managed to secure some UFT during the public sale! These champions were rewarded with the ability to purchase 2 ETH worth of UFT tokens at our public sale pricing.

⭐️Thank you to our booming community for showing us so much support and excitement, we can’t wait to start unlocking the true potential of decentralized finance together!

ℹ️ Read more about the final process here.

Launch of the UniLend Legion Ambassador Program

Oct 5: 🔑 UniLend Legion members are assisting UniLend in unlocking the true potential of decentralized finance. Along the way, those that have joined the cause will be rewarded in $UFT tokens along with other incentives including awesome UniLend Merch.

🤝 As a member of the UniLend Legion, you will be working closely with the UniLend team and other Legionaries to spread the word of UniLend and accelerate your personal growth within the industry by networking, utilizing social media, content creation, and growth outreach.

🛡The purpose of UniLend Legion is to bring current DeFi users to UniLend as well as the next wave of users into DeFi by combining forces to make our name known.

ℹ️ Read the full details and learn how you can apply for the UniLend Legion here.

UniLend is Listed on 3 Notable DEXs

On October 15 the wait for UFT trading was finally over - UFT was listed on 3 major DEXs!

💰 We successfully provided liquidity on three major DEXs which you can now use to trade UFT:

UniswapProtocol

BalancerLabs

SushiSwap

Happy trading!

⚠️ Do not send funds directly to the UFT smart contract or your funds will be lost forever!

🚨Stay away from scams and avoid information that is not posted directly to our Telegram channel, or via our Twitter account. We are aware that certain individuals give out malicious links so we encourage you to be cautious and only access links that we provide.

Launch Achievements

UniLend & ChainLink Team Up to Ensure an Ultimately Fair Public Sale

Oct 10: 🤝 The UniLend Public Sale lottery guaranteed fairness and transparency with on-chain verifiable randomness by Chainlink.

🧩 Any hypothetical possibility of tampering with lottery-based token sales was removed with Chainlink VFR.

🎰 Chainlink VFR’s randomization process is truly random, secure and publicly verifiable.

UFT Public Sale Was Almost 300x Oversubscribed!

Oct 10: We received over 43,000 submissions for participation in our Public Sale— when added up we were nearly 300x oversubscribed!

🙏 Thank you to everyone who registered their interest for our public sale. The response was incredible! We diligently evaluated the entries to remove any bot submissions and submissions from restricted countries.

📈 Our Telegram community grew from around 4K members to almost 12K during the sale period. We were honored and excited by the huge interest in UniLend.

Thanks again for everyone’s overwhelming support.

Partnerships & Integrations

UFT Listed on CoinGecko

Oct 15: CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics.

🌐 You can now track UFT token information on CoinGecko: https://www.coingecko.com/en/coins/unilend-finance

CoinMarketCap Lists UFT

Oct 15: CoinMarketCap is the world’s most-referenced price-tracking website for crypto assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.

🌐Keep track of UFT token data on CoinMarketCap here: https://coinmarketcap.com/currencies/unilend

UFT Added to Blockfolio

On October 16 we were excited to announce that UFT is now live in Blockfolio 🥳

Blockfolio is one of the easiest ways to discover, track, and manage your cryptocurrency investments all in one application.

Thank you to everyone who voted for our listing!

Joining Forces with Dvision Network

On October 21 we were excited to announce that we had joined forces with Dvision Network in order to introduce UFT in their VR metaverse.

⚡️Dvision Network is a new VR content ecosystem that is based on blockchain technology. Dvision is developing a blockchain-based virtual reality platform for games, events & business.

📊Key features:

🎮 UFT to be used as a payment method for purchasing NFT, Lands etc in Dvision Network

🏚️ Introducing UniLend Centre which will Amplify user experience of our platform users

🎯 UniLend will be provided with unique marketing tools, such as booth & ad banners, and provision of maximum visibility during Dvision Metaverse events.

📖Read more here.

Collaboration with Bluzelle

Oct 23: We were excited to announce that UniLend Finance has partnered with Bluzelle! Bluzelle is a high throughout, multi-function, interoperable, decentralized database who’s infrastructure services play an important role in revolutionizing traditional finance.

🔑🚪“Users will therefore not only be able to trade, lend and borrow BLZ in a completely decentralized manner, but they’ll also be able to provide liquidity in return for interest while receiving UFT for utilizing the protocol — unlocking the full DeFi functionality of BLZ for the first time.” ✅

⚡️UniLend will be trailing Bluzelle’s new oracle solution. Powered by its decentralized database it can offer greater speed, security and historical price indexes.

📖 Learn more about our collaboration here.

Community Updates

Crossing the 10K Member Mark on Telegram

On October 10 we were thrilled to announce that we crossed 10,000 members in our Telegram community! That momentum has continued to grow and we are at over 12,000 Telegram members, and counting, at the time of writing 😎

We are excited to see such phenomenal growth of the UniLend community!

Tech Updates

Certik Audits UniLend’s Smart Contracts

Oct 13: We are proud to share that Certik, one of the leaders in blockchain security, has audited our UFT smart contract

🛡 The blockchain security pioneer is one of the most advanced auditors in whole-chain, smart contracts, and VAPT verification in the scene.

⚡️Our community can rest assured that we did not compromise on our security! Certik’s best-in-class cybersecurity experts have delivered end-to-end security audits for over 220 clients, including over 118k lines of code, and now our smart contracts as well.

Thank you Certik for giving our community an assured future!

🌐 Read more about Certik here.

UniLend & Ankr Partnership

Oct 27: 🦾 Ankr has established a reputation for creating gateways to Web 3.0 by connecting consumers, developers and enterprises to the new internet, in a few easy clicks.

🛡 The Ankr team will help power the UniLend platform by running an Ethereum node, via their robust and direct Ethereum API access. It is well known that Ankr already supports 30+ nodes for many prominent networks like Bitcoin and Ethereum, which is why we are in good hands.

⛓ Our new partner Ankr is not only known for running robust nodes: they also produce developer API’s, and enterprise solutions. For more information on Ankr’s achievements thus far visit their website here.

📖 Learn more about our collaboration here.

Exchange Listings & DeFi Initiatives

Leading Exchange Bithumb Global Lists UFT

Oct 15: Following the successful community voting, UFT was listed on leading exchange Bithumb Global! 🥳

👥 UniLend was Bithumb Global Learning project 7. This means UniLend required 10,000 votes for UFT to be listed. Thanks to our amazing community, we smashed this target with 31,225 votes!

📆 Therefore, UFT was listed on Bithumb Global on October 16, at 11:30 AM IST via the trading pair UFT/USDT.

UFT Listed on CoinDCX

Oct 16: After our listing on 3 major DEXs and Bithumb Global, UFT was listed on CoinDCX!

📊 CoinDCX is a leading Indian exchange with a large following of active traders, offering a range of trading features such as spot, margin, & futures trading, in addition to lending for their growing user base.

✅ CoinDCX users are able to trade UFT via UFT/USDT trading pairs.

MX DeFi Program Went Live With UFT

Oct 17: The MX DeFi program enables MXC exchange users to earn yield on specially designated tokens. UFT was added in mid-October.

The launch was very successful with a flying start of $6Mn+ TVL (Total Value Locked) in the MXC Launchpool 🔥

📆 The staking period was between: Oct. 16 — Oct. 21

Users were able to farm UFT tokens during this time period.

🌐 Read the full details here.

MXC Exchange Lists UFT

Oct 17: UFT is now live for trading on MXC Exchange with the UFT/USDT pairing! Deposits, withdrawals and trading are active.

The MXC exchange launched in Apr 2018, and prides itself as one of the leading crypto exchanges for digital assets. MXC is a centralized cryptocurrency exchange registered in Seychelles.

The UniLend team would like to thank our community for your incredible support. We remain available to you should you have any questions. Don’t hesitate to reach out!

Website | Telegram Community | Announcements Channel | Twitter | Blog

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
UniLend Finance

UniLend Finance

UniLend is a Multichain protocol for Lending & Borrowing all ERC20 tokens permissionlessly. We are developing a Futuristic Base Layer for all DeFi applications.