Create Elrond Tokens With Advanced Vesting Mechanisms And DeFi Components With Zero Technical Knowledge Via Unicrypt Services

Daniel Serb
·
Jul 06, 2021
·
2 min read
https://unicrypt.network/

We have started a collaboration with Unicrypt to integrate the Elrond Network into their service offering. Unicrypt is a multi-chain decentralized services provider that covers token creation, vesting options, liquidity locks, farming and staking tools, and a self-service incubation zone.

Through an intuitive interface and carefully designed UX, Unicrypt simplifies the technical complexities of token management. Teams can dedicate more resources to the business aspects of projects relying on blockchain innovation, which is thus made more accessible to a broader range of creators.

Unicrypt’s existing and future services will be adapted to work with ESDT tokens and Elrond Smart Contracts, and their AMM browser will be expanded to include the Maiar Exchange, allowing users to track tokens and pairs on our native decentralized exchange.

“For blockchain technology to be as broadly adopted as smartphones and the web, creating a new token should be just as simple as developing a mobile app or building a new website. The Elrond tools that enable this will get a significant boost from complementary services such as Unicrypt, which allow more creators to easily deploy sound token economies and focus on driving innovation instead of wrestling with the underlying tech.” said Beniamin Mincu, Elrond Network CEO.
“We see a lot of potential adoption of the Unicrypt services by the Elrond community, which is one of the most engaged and fastest-growing in the space. The fact that Elrond has embedded tokens directly into their protocol makes the integration of their technology all the more interesting for our team” said Antoine Chaveron, Unicrypt’s co-founder.

Work on the integration of Elrond technology with the Unicrypt decentralized services will debut as early as Q3 2021, starting with the liquidity lockers and including the Maiar Exchange into the AMM browser, followed by the token vesting options services. Then, the other actual and futureservices will follow depending on the order required both by the communities and the market demand

About Elrond

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About Unicrypt

Unicrypt Network is a multi-chain decentralized services provider born in June 2020. The deployed toolsuite empowers DeFi projects and covers a large scope of needs : liquidity lockers, token vesting options, token minter, a self-service launchpad along with farming and staking tools. Built from scratch without any fundraising rounds, Unicrypt stands as a passion-driven sustainable business entity highly connected to its community and users.

https://unicrypt.network/


For more information, please visit us:


#ecosystem

Written by
Daniel Serb
Opening doors to innovation. Head of BD at Elrond.