Industry Tokens

Industry Tokens within the Unit Network ecosystem are reshaping industries by bringing together individuals, businesses, and communities.

1. Creation and Verification:

   • Unit Foundation exclusively creates Industry Tokens.

   • Users can verify token authenticity by checking the token manager's username on the Tokens Info page.

2. Use-Cases:

   • Purchase Power: Industry Tokens are used for buying products and services from community stores.

   • Payment Medium: They facilitate transfers between users.

   • Treasury Contributions: Industry Token Treasuries receive 0.5% from all trades.

   • Reserve ETF: They can be purchased as a Reserve ETF representing tokens in a specific industry.

3. Community-Led Governance:

   • All Unit Network core team members engage in at least one Industry Token DAO.

   • They contribute to setup, management, and communication with the community.

   • Responsibility for Industry Token management will transition to specific core team members over time.

4. Tokenomics:

   • Contract: UnitChain

   • Total Supply: 100,000,000

   • Sale Supply: 66,000,000

   • Operations: 14,000,000

   • Team: 20,000,000 (Distributed among 200 individuals with a 3-year cliff and 5-year vesting period)

5. Resilient Backing and Sustainable Growth:

   • Industry Tokens are backed by Blue Chips, akin to the UNIT Coin.

   • 90% of Industry Token sales are locked in the treasury, reducing risks.

   • Industry Token Treasuries receive 0.5% from all trades, boosting value sustainability.

6. Global Presence:

   • Unit Foundation actively engages in around 30 industries across various regions worldwide, supporting local industry economies globally.

Industry Tokens empower communities, drive industry growth, and offer sustainable value through robust backing and community-driven governance.