Glossary & FAQs
This page is under constant update.
Before diving into the technicalities of the Uniqo protocol, it might be useful to know terms and acronyms frequently used in the crypto world and in decentralized finance. Below you can find a handy glossary, followed by Uniqo's Frequently Asked Questions.
Uniqo's Smart Contract is currently undergoing Audits by multiple major firms, guaranteeing the robustness of the protocol and the safety of funds invested through Uniqo.
The Audit reports will be published in this documentation as soon as they will be released, and are available here.
The Uniqo protocol applies taxes on buys and sells of the UNIQO token. The tax system is as described below:
Buy Tax: 12%
Sell Tax: 15%
The main liquidity pair is in BUSD (UNIQO/BUSD), so the easiest and cheapest way is to buy with BUSD. Always remember to hold some BNB in your wallet to deal with transaction fees.
Another quick way is to buy UNIQO directly with BNB: Swych, thanks to smart routing, will take care of automatically swapping your BNB to BUSD and then to UNIQO.
Unfortunately at the moment it is not possible to buy UNIQO directly with fiat currencies, at this stage it is only possible via BNB or BUSD cryptocurrency.
It is not excluded that in the future it will be possible to buy the token also with fiat currency, via development of apps, ramp solutions or listings on exchanges.
The APY is the Annual Percentage Yield offered from an investment. This takes into account compound interest, giving you an accurate idea of your returns compared to simple interest.
Large APYs in the percentage of thousands are possible with investments that provide daily yields of 1% or more. Due to your initial investment being constantly reinvested, the rewards compound to larger and larger amounts.
APR (Annual Percentage Rate) is the yearly simple interest. This does not include compounding effects that occur from reinvesting profits. If you were to invest $1000 with 100% APR, you would make $1000 in profit in a year's time.
If you however reinvest your profits regularly, you will compound your interest. This calculated over a year gives you your APY (Annual Percentage Yield). The more often you compound your interest, the greater the difference between APR and APY.
With Uniqo everything is automated for you. Jump here to learn more.
The Rebound Function is an inflation controller. it is a feature of Uniqo's self-aware smart contract that is activated only when critical levels of inflation are reached due to an excessive distribution of the UNIQO token, impacting, in percentage terms, the entire supply.
The Uniqo smart contract has been programmed to constantly monitor itself, with the aim of ensuring protective tolerances are respected in order to guarantee the safety of investors' assets, keep inflation at bay and maximize the investment strategy of the individual investor.
DTP Ratio refers to the percentage of UNIQO tokens that the individual investor can liquidate daily, based on the ratio between holding tokens and pair supply.
Last modified 4mo ago