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TokenUnion is a decentralized application that lets you earn interest on your crypto, powered by Union Protocol.
Upon storing tokens in their Holding Contract, the user agrees to pay a static fee of UNI, our native token, when they wish to withdraw. When a user pays the fee, a smart contract programmatically distributes the fee amongst all network participants as a reward, proportional to the percentage of the Total Network Value (TNV) they constitute.
The TokenUnion network does not rely on a central authority to function. It operates entirely on its own, based on predetermined conditionals written into the code. It will function as intended for as long as the Ethereum blockchain exists.
Users send tokens into their Holding Contract and earn rewards in the denomination of the same tokens they hold. Set it and forget it.
The rewards a user receives get converted to the same tokens they hold in their Holding Contract via Bancor. For example, if you receive 1,000 UNI as a reward and hold 60% BAT and 40% OMG, 600 UNI worth of BAT and 400 UNI worth of OMG will be deposited back into your Holding Contract, thereby increasing your underlying position size.
A look into how TokenUnion works
under the hood.
User deploys their Holding Contract to the Ethereum blockchain via the TokenUnion web interface and sends Ether or ERC20 tokens to it.
To withdraw, the user sends UNI tokens to their Holding Contract. Once sent, the user receives their stored tokens back into their wallet, and the fee is sent to the Reward DAO for distribution.
UNI tokens expended in the withdrawal fee are distributed proportionally amongst all TokenUnion network participants via the Reward DAO.
UNI tokens are instantly convertible to all TokenUnion-supported tokens via Bancor.
View your Holding Contract in real time through the TokenUnion web app and mobile app.
Our team has built dozens of products, hails from Stanford, Princeton, Columbia, University of California, Carnegie Mellon, NYU, and has worked at Amazon, Goldman Sachs, Earn.com, JP Morgan, Coindesk and AngelList.
Shayne Coplan is a New York City based cryptocurrency entrepreneur who has been in the industry for 5 years. Starting in 2013, he began mining Litecoin and buying Bitcoin, quickly discovering the ease of use of cryptocurrencies. As an active member of the crypto community, Shayne discovered the Ethereum project in early 2014 and went on to participate in the Ether presale in July of 2014 with the investment thesis that if the blockchain was ever going to be adopted for the use cases people speculated it would, something like this would need to exist. From then on Shayne had a financial incentive to support Ethereum’s progress. 2 years later, he moved to San Francisco for the summer to intern at Chronicled, one of the first venture-funded Ethereum startups. At Chronicled he was immersed amongst a team of blockchain-obsessed tinkerers, and it was there where his eyes were opened to the vast possibilities of decentralized applications. After, he began attending NYU as a computer science major. Half way through Shayne’s second semester at NYU, the price of Ether began its mega bull run. Shayne recognized that the time to build was now and, fortunately, the price rise had given him the financial stability necessary to live on his own, so he left school to pursue blockchain projects full time. Shortly after, he began working on TokenUnion.
Originally from Naples, Florida, Ryan moved to NYC to attend NYU where he received a BA in Psychology while studying pre-professional medicine. He spent the next few years conducting research and coordinating educational conferences. While working on a Master’s degree in finance he started a small tactical-trading fund that used algorithmic trading to profit from divergences in volatility in similarly-priced indices. He became interested in crypto after watch BTC go from $12 to nearly $1000 and knew that the future had in store great potential for these digital currencies. Having been writing code since elementary school, he was able to get back into coding rather quickly following his departure from the fund manager role and focused mainly on Solidity for the EVM. He enjoys writing new code and sharpening his DevOps skills in addition to auditing existing code for projects such as DomRaider for example. Maintaining working knowledge of the latest changes as well as any new exposed security flaws in Solidity are part of his daily routine. His attention to detail and push for quality are two of the many ways he ensures any project with his involvement is a shining example of where the bar should be set.
Samuel Mlodozeniec is a native New Yorker who is heavily influenced by his artistic upbringing. Samuel's approach is inspired by Bucky Fuller's definition of the Comprehensive Designer. Samuel builds projects from the ground up - taking them from idea, through design, into implementation, maintenance and promotion. Over a five year span, he has worked on and developed applications for iPhone, Web, & Amazon Echo in verticals including Game Design, Active Aging, E-commerce, and Marketing & Social Networking. Most recently he has been working on building dApps using Truffle, Web3, and Solidity.
Nick Vincent is a full-stack developer at Token Union, with a focus on back-end technologies. Nick is a self-taught programmer with experience primarily in GoLang and Node. He was originally drawn into the Blockchain scene after realizing the possible potential of DAO’s highlighting the basic principles of programming that originally drew him into the computer science field. After receiving a certification from The Linux Foundation in Blockchain Fundamentals for Business he started branching out into the crypto space, where he started assisting his old teacher in an Dapp development course at Rutgers. Shortly thereafter, Nick joined Tokenunion where he currently specializes in blockchain protocol interpolation, cross blockchain integration, and Token Economics.
Sean Park is a front-developer and UI/UX designer studying Information Systems and Human-Computer Interaction at Carnegie Mellon University. As a junior, he has completed 10+ software projects across the stack-- anywhere from UX research and design to back-end development and database design. This past summer, he worked as a Design Engineer at MAYA BCG where he played an important role in 6 client projects. You can find more of his work at https://seanpark.xyz
Ethan Singer is currently a Junior at McGill University studying Economics, with an emphasis on International Development. After extensive experience trading cryptocurrencies, Ethan narrowed his focus to the structure and design of Token Economies. Ethan understood early the potential for blockchain’s disruption of the financial services, supply chain, and healthcare industries. Ethan brings industry knowledge and strategic vision to the TokenUnion team.
James Cassidy is a Cryptoeconomics Analyst at Tokenunion. Originally from Philadelphia, James attended Boston College where he received a BA in Economics. His interest for crypto blossomed in the summer of 2017, following his completion of Blockchain at Berkeley’s Decal. He became fascinated by the idea of aligning incentives to promote desired behavior, and as such has since dedicated his time further working on concepts associated with Game Theory and Mechanism Design. Seeking to gain some hands-on experience within the crypto industry, James moved to NYC to join TokenUnion as a member of their Cryptoeconomics team.
"TokenUnion is the next logical step in the evolution of a decentralized banking system that we are still getting a widespread handle on" - Curtis Silver, Forbes
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