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Bunicorn Stock

Bunicorn

BUNI

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Bunicorn Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität

Bunicorn FAQ

What is Bunicorn (BUNI)?

Bunicorn is an automated market-maker (AMM) and decentralized exchange (DEX) developed on the Binance Smart Chain (BSC), which commenced operations in July 2021. It features an innovative integration of flexible Balancer AMM-style pools for BEP-20 tokens alongside stablecoin AMM pools. Beyond its role as a DEX, Bunicorn also provides yield farming opportunities, dispensing vesting rewards in the form of non-fungible token (NFT) collectibles. The project describes itself as "an intense DeFi Game platform that elevates the DeFi and blockchain gaming experience to the next level."

### Founders of Bunicorn The Bunicorn project was conceptualized and brought to life by a team of experienced professionals with a strong background in blockchain technology, finance, and software development. The team's expertise and commitment to innovation have been pivotal in driving the project's growth and success in the evolving crypto landscape. For detailed information on the Bunicorn founders and team, refer to Eulerpool.

Phuc Nguyen serves as the co-founder and CEO of Bunicorn. He was a recipient of the Google Summer of Code Samsung Smart App Challenge and has held the position of CTO at a CEX within the Bitmex portfolio. The Chief Technology Officer, An Nguyen, brings experience as the lead engineer at DeNA, a prominent gaming company in Japan. Subsequently, he was the CTO of SotaTek, the foremost blockchain hub in Vietnam. Vincent Vu, Bunicorn's game designer, possesses over 11 years of experience in the gaming industry. His contributions include involvement in the development of Scopely's WWE Champions, collaboration with Vietnamese Noble Games, and the creation of Impostor Solo Kill, which achieved over 30 million downloads in three months.

**What Distinguishes Bunicorn?**

Bunicorn is more than just an NFT platform or blockchain game. As a decentralized exchange (DEX), Bunicorn supports both flexible pools, accommodating up to 8 tokens of varying weights, and stable pools designed for minimal slippage and heightened capital efficiency for stablecoins. Bunicorn addresses the issue of impermanent loss that often affects automated market makers (AMMs) by employing flexible AMM pools with a customizable number of assets and weights within each pool. Similar to most decentralized AMMs, Bunicorn eliminates the risks associated with third-party or centralized oracles. Their offering is enhanced through amplified pools, enabling the swapping of stablecoins with reduced slippage and increased capital efficiency. For more details on Bunicorn, you can check its listing on Eulerpool.

What Is the Circulating Supply of Bunicorn (BUNI) Coins?

The native token of Bunicorn, BUNI, is currently being distributed through an initial coin offering (ICO). The ongoing public sale will allocate 6,666,666 BUNI tokens. A total of 1 billion BUNI tokens will be distributed as follows: 24.43% will be allocated to the Foundation (locked for 3 months post-launch, with a gradual release over 48 months); 24% will be designated for the Bunicorn Ecosystem (locked for 1 month, with a gradual release over 48 months); 20% will be reserved for liquidity mining (to be unlocked over 48 months); 14% will be allocated for network operations; 7.5% will be issued during a private sale; 5.9% will be reserved for the development team; 3.5% will be set aside for marketing and listing purposes; and 0.67% will be issued as a public IDO sale.

How is the Bunicorn Network Secured?

The community plays a crucial role in the governance of Bunicorn through liquidity mining. The governance token, BUNI, is distributed as staking rewards to members of the Bunicorn Network who stake their tokens. Staking can be conducted using BUNI via the initial BUNI pool or BPT (Buni Pool Token). Individuals who provide liquidity to an AMM pool receive BPT instead of BUNI. To prevent liquidity providers from selling the token quickly, Bunicorn has introduced an innovative liquidity mining model where farming rewards are encapsulated as VBUNI into NFT collectibles. Users have the option to either wait for a vesting period to use their NFTs to convert VBUNI into actual BUNI tokens or auction them in reputable NFT marketplaces. The project has also successfully passed smart contract audits by Hacken.io and is secured by Certik and Immunefi.

Where can you purchase Bunicorn (BUNI)?

The initial coin offering of BUNI is currently in progress, with the token priced at $0.030000. BUNI can be purchased during its ongoing ICO launch at Poolz using BNB and on Red Kite using BUSD. BUNI tokens are available for trading on PancakeSwap (V2), Bunicorn, MEXC, and Hotbit. Stay updated with the latest news on the Bunicorn ICO Launch. New to cryptocurrency? Learn more about entering the market and purchasing BTC, BUNI, or any other token. Explore the details here.

Investors interested in Bunicorn are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.